This report analyzes and compares PRATT & WHITNEY AIRCRAFT's employee health insurance and employee benefits with its industry and in Connecticut State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
PRATT & WHITNEY AIRCRAFT has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the PRATT & WHITNEY AIRCRAFT. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PRATT & WHITNEY AIRCRAFT believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. PRATT & WHITNEY AIRCRAFT has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a good coaching and mentoring program, PRATT & WHITNEY AIRCRAFT can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: PRATT & WHITNEY AIRCRAFT encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, PRATT & WHITNEY AIRCRAFT supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: PRATT & WHITNEY AIRCRAFT has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: PRATT & WHITNEY AIRCRAFT believes that providing its team members with outstanding leadership programs is a crucial step in creating new leaders. By using outstanding tools that PRATT & WHITNEY AIRCRAFT provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why PRATT & WHITNEY AIRCRAFT offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: PRATT & WHITNEY AIRCRAFT has a first-class Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: PRATT & WHITNEY AIRCRAFT realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | PRATT & WHITNEY AIRCRAFT | Industry | Connecticut |
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Career planning Benefits | |||
Coaching and mentoring Benefits | |||
Development resources Benefits | |||
GED reimbursement Benefits | |||
Leadership programs Benefits | |||
Onboarding Benefits | |||
Recognition programs Benefits | |||
Tuition reimbursement Benefits |
Healthcare benefits
PRATT & WHITNEY AIRCRAFT has great health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers great dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a great healthcare spending account at their disposal.
- COUNSELING: PRATT & WHITNEY AIRCRAFT is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why PRATT & WHITNEY AIRCRAFT implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at PRATT & WHITNEY AIRCRAFT have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. PRATT & WHITNEY AIRCRAFT partially pays for dentures and braces as well.
- HEALTH INSURANCE: PRATT & WHITNEY AIRCRAFT offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: PRATT & WHITNEY AIRCRAFT does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: PRATT & WHITNEY AIRCRAFT offers an impressive healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: PRATT & WHITNEY AIRCRAFT has a valuable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: PRATT & WHITNEY AIRCRAFT has a good telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. PRATT & WHITNEY AIRCRAFT can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: PRATT & WHITNEY AIRCRAFT offers a great Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | PRATT & WHITNEY AIRCRAFT | Industry | Connecticut |
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Counseling Benefits | |||
Dental Plan Benefits | |||
Health Insurance Benefits | |||
Health Plan Incentives Benefits | |||
Healthcare Spending Accounts Benefits | |||
Maternity support program Benefits | |||
Telehealth Benefits | |||
Vision Plan Benefits |
Financial benefits
Team members enjoy good financial benefits at PRATT & WHITNEY AIRCRAFT. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. PRATT & WHITNEY AIRCRAFT offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect PRATT & WHITNEY AIRCRAFT to partially cover the expenses.
- 401(K) PLAN: PRATT & WHITNEY AIRCRAFT does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PRATT & WHITNEY AIRCRAFT has a top-notch Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by PRATT & WHITNEY AIRCRAFT.
- BONUS PAY: PRATT & WHITNEY AIRCRAFT offers superior bonuses to team members who excel in their field of work, provide extraordinary results for PRATT & WHITNEY AIRCRAFT, and encourage others to do the same.
- CHILDCARE DISCOUNT: PRATT & WHITNEY AIRCRAFT does not offer childcare discount.
- COMMUTER BENEFIT: PRATT & WHITNEY AIRCRAFT offers impressive commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: PRATT & WHITNEY AIRCRAFT offers a first-class daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: PRATT & WHITNEY AIRCRAFT has a good disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: PRATT & WHITNEY AIRCRAFT has a top-notch life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: PRATT & WHITNEY AIRCRAFT realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why PRATT & WHITNEY AIRCRAFT has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: PRATT & WHITNEY AIRCRAFT recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by PRATT & WHITNEY AIRCRAFT, on volunteer work of their choice.
- PARENTAL LEAVE: PRATT & WHITNEY AIRCRAFT has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PRATT & WHITNEY AIRCRAFT | Industry | Connecticut |
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401(k) plan Benefits | |||
Adoption assistance reimbursement Benefits | |||
Bonus pay Benefits | |||
Childcare discount Benefits | |||
Commuter benefit Benefits | |||
Daycare flexible spending account Benefits | |||
Disability Benefits | |||
Life insurance Benefits | |||
Paid time off Benefits | |||
Paid volunteer time off Benefits | |||
Parental leave Benefits |
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