This report analyzes and compares UTC AEROSPACE SYSTEMS' employee health insurance and employee benefits with its industry and in North Carolina 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
UTC AEROSPACE SYSTEMS has remarkable 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 UTC AEROSPACE SYSTEMS. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: UTC AEROSPACE SYSTEMS believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. UTC AEROSPACE SYSTEMS has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: UTC AEROSPACE SYSTEMS believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: UTC AEROSPACE SYSTEMS offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: UTC AEROSPACE SYSTEMS has an impressive GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: UTC AEROSPACE SYSTEMS does not offer leadership programs.
- ONBOARDING: UTC AEROSPACE SYSTEMS is aware of the difficulties that new employees might experience when they join the team. That's why UTC AEROSPACE SYSTEMS has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: UTC AEROSPACE SYSTEMS knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to UTC AEROSPACE SYSTEMS.
- TUITION REIMBURSEMENT: UTC AEROSPACE SYSTEMS has a suitable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | UTC AEROSPACE SYSTEMS | Industry | North Carolina |
|---|---|---|---|
| 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
UTC AEROSPACE SYSTEMS offers superb health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy UTC AEROSPACE SYSTEMS's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: UTC AEROSPACE SYSTEMS has an extraordinary counseling program for its employees and their family members. Team members are encouraged by UTC AEROSPACE SYSTEMS to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: UTC AEROSPACE SYSTEMS cares about its team members' dental health so it offers an extraordinary dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: UTC AEROSPACE SYSTEMS provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: UTC AEROSPACE SYSTEMS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, UTC AEROSPACE SYSTEMS offers a great healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: UTC AEROSPACE SYSTEMS has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: UTC AEROSPACE SYSTEMS does not offer telehealth.
- VISION PLAN: UTC AEROSPACE SYSTEMS provides a remarkable Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | UTC AEROSPACE SYSTEMS | Industry | North Carolina |
|---|---|---|---|
| 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
UTC AEROSPACE SYSTEMS offers superb financial benefits for employees and their family members. A superb 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: UTC AEROSPACE SYSTEMS has a superior 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. UTC AEROSPACE SYSTEMS provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a superior UTC AEROSPACE SYSTEMS has Matching program that matches 75% of employees' contributions. Whatever UTC AEROSPACE SYSTEMS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave UTC AEROSPACE SYSTEMS. Recognizing that every team member is unique, with specific needs and goals, UTC AEROSPACE SYSTEMS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: UTC AEROSPACE SYSTEMS has a remarkable 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 UTC AEROSPACE SYSTEMS.
- BONUS PAY: UTC AEROSPACE SYSTEMS offers superior bonuses to team members who excel in their field of work, provide extraordinary results for UTC AEROSPACE SYSTEMS, and encourage others to do the same.
- CHILDCARE DISCOUNT: UTC AEROSPACE SYSTEMS has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: UTC AEROSPACE SYSTEMS offers extraordinary 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: UTC AEROSPACE SYSTEMS offers a remarkable 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: UTC AEROSPACE SYSTEMS offers a top-notch short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: UTC AEROSPACE SYSTEMS offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: UTC AEROSPACE SYSTEMS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why UTC AEROSPACE SYSTEMS has a superb vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: UTC AEROSPACE SYSTEMS believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why UTC AEROSPACE SYSTEMS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: UTC AEROSPACE SYSTEMS has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | UTC AEROSPACE SYSTEMS | Industry | North Carolina |
|---|---|---|---|
| 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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