June 13, 2024
    Exploring the Comprehensive Benefits Package at Boeing

    Exploring the Comprehensive Benefits Package at Boeing

    Whether you’re an engineer or interested in working for a well-respected company, Boeing may be your employer. The company is renowned for its work-life balance, high happiness and culture scores, and excellent benefits package.

    Relocation benefits can help you get settled in your new location. These include home marketing and closing cost assistance, career counseling, and job search resources.

    Employee Assistance Program

    The company offers various boeing employee benefits, including medical, dental, and vision coverage, retirement plans, paid time off, flexible work schedules, training opportunities, and wellness programs. The company also provides maternity and paternity leave, life insurance and disability coverage, and tuition reimbursement.

    Boeing employees can also take advantage of company discounts on cars, electronics, theme parks, hotels, rental cars, airline tickets, cruises, and meal kits. The company also provides free flu vaccines and smoking cessation programs.

    Boeing also has a comprehensive employee assistance program that offers free, confidential mental health support. This includes online tools, webinars, educational articles, and one-on-one counseling sessions with a licensed therapist through Vida Health*. The program is available to employees and their spouses/domestic partners enrolled in any Boeing-sponsored medical plan options.

    Health Insurance

    Boeing offers employees a variety of benefits that go beyond salary. These include health insurance, retirement plans, paid time off, learning and development opportunities, financial counseling, and travel reimbursement.

    Benefits you’ll appreciate include a vast network of providers — including Kaiser Permanente Washington, The Everett Clinic, and Polyclinic — plus many Boeing-negotiated discounts for premiums and copays. You’ll also have access to Provider Finder, an online tool that helps you choose your healthcare spending.

    The Advantage+ plan is an IRS-compliant, high-deductible healthcare option with a health savings account through HealthEquity. It allows you to choose any provider in our PPO network without referrals or a PCP, with most preventive services covered at 100% before satisfying the annual deductible.

    Flexible Spending Accounts

    The company offers a range of investment opportunities and free financial counseling. Employees can receive annual incentive payouts that factor in company and individual performance. The company also allows employees to take a lump sum or monthly distribution from their retirement packages, depending on the timeframes set out in their particular plan.

    Boeing allows employees to invest pretax money into their 401(k)s, IRAs, and Health Savings Accounts. This reduces employees’ exposure to the alternative minimum tax, deferring income taxes until they withdraw the money.

    In addition, the company provides employees with tools to manage their healthcare spending. These include Provider Finder, which allows employees to find doctors and hospitals by location and compare prices and ratings. The company also offers employees a transportation allowance, health insurance, and paid time off.

    Paid Time Off

    A robust PTO policy reflects Boeing’s commitment to a healthy work-life balance. It also promotes employee satisfaction, positively impacting company productivity and efficiency.

    Vacation days allow employees to take a well-deserved break and spend quality time with family or friends. Typically, a generous allocation of these vacation days is offered to employees based on years of service.

    Similarly, a comprehensive sick leave policy allows employees to prioritize their health without fear of losing wages. In addition, a typical Boeing PTO policy permits employees to carry over unused vacation and sick days, providing them with the flexibility they need when unexpected circumstances arise.

    Finally, Boeing encourages its employees to fulfill their civic duty by granting them time off with pay for jury duty or as witnesses in legal proceedings.

    Tuition Reimbursement

    Tuition reimbursement is a benefit that allows employees to pay for education related to their jobs. Some programs only cover undergraduate courses; others offer graduate-level classes and specialized certificate programs. Most companies require students to receive approval for the program, and a passing grade is required before tuition expenses are reimbursed.

    Unlike signing bonuses or other cash incentives, tuition assistance programs are not taxed. This makes it a great way to keep up with the latest technology or pursue a new degree without paying for it out of pocket.

    Many employees use their tuition assistance for Stanford courses that align with Boeing’s strategic areas. The company also offers Stanford Connect, a platform that helps engineers build their skills and advance their careers.

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