Pros
The tuition reimbursement program is top-notch. After 18 months with the company, you’re eligible to get tuition reimbursement for an undergraduate or graduate degree up to 1100 and 1300 per credit hour covered, respectively. Subject to VP approval. The 401k is also very good. After they cut the pension in 2018, they enhanced the 401k to include a core match of 3-5% depending on years of service and age. This is on top of a 75% match of your 6% contribution. So a total of 7.5% to 9.5% of your salary. The health and medical options are good. Pretty basic HDHP for exempt employees with good prescription coverage. The vision isn’t very good. The HSA has investment options that are pretty good but could be better (lower cost). FINALLY, after several years set their baseline vacation at 3 weeks for all employees (previously 2 weeks) which was very stingy.
Cons
The bonus is a farce that will rarely ever pay 100% of target because it’s not based on any measurable targets. Pay raises were frozen in 2021 which the CEO tried to justify by saying “there was no inflation”. After a year in which the company made record profits by making significant cuts to its workforce they would not even make a token increase to pay and the bonus paid out 80% of target. Almost zero incentive to work towards getting an “exceeds” or “far exceeds” performance review. These result in 5% and 10% being added to your annual bonus which after taxes ends up being about $500. There has been about 2 years of virtually no level 31-33 (manager, sr manager, and director) positions being posted internally in the TS department. Meaning zero opportunity for upward movement. No maternity/paternity benefit to speak of. Women must take disability leave. Men can take unpaid leave as required by the federal government after they have exhausted all of their vacation time. They will also prorate your bonus while you’re on maternity/paternity leave which probably saves the company a few thousand dollars a year and feels needlessly cheap. After working here for a big part of my life I realized I was being significantly underpaid compared to peers of mine. My loyalty and personal development was never rewarded with opportunity to prove I was capable of more.