This report analyzes and compares CABOT MICROELECTRONICS CORPORATION's employee health insurance and employee benefits with its industry and in Illinois 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
CABOT MICROELECTRONICS CORPORATION has first-class 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 CABOT MICROELECTRONICS CORPORATION. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: CABOT MICROELECTRONICS CORPORATION believes that career planning of each employee is a key to a successful business and offers solid opportunities so that the employees can reach their full potential. CABOT MICROELECTRONICS CORPORATION has solid resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, CABOT MICROELECTRONICS CORPORATION can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: CABOT MICROELECTRONICS CORPORATION 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: CABOT MICROELECTRONICS CORPORATION has a superb policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: CABOT MICROELECTRONICS CORPORATION does not offer leadership programs.
- 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 CABOT MICROELECTRONICS CORPORATION offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: CABOT MICROELECTRONICS CORPORATION knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to CABOT MICROELECTRONICS CORPORATION.
- TUITION REIMBURSEMENT: CABOT MICROELECTRONICS CORPORATION realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | CABOT MICROELECTRONICS CORPORATION | Industry | Illinois |
|---|---|---|---|
| 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
CABOT MICROELECTRONICS CORPORATION offers first-class 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 CABOT MICROELECTRONICS CORPORATION's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CABOT MICROELECTRONICS CORPORATION does not offer counseling.
- DENTAL PLAN: CABOT MICROELECTRONICS CORPORATION cares about its team members' dental health so it offers an excellent 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: CABOT MICROELECTRONICS CORPORATION offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: CABOT MICROELECTRONICS CORPORATION does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: CABOT MICROELECTRONICS CORPORATION offers an exceptional 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: CABOT MICROELECTRONICS CORPORATION offers an excellent maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: CABOT MICROELECTRONICS CORPORATION does not offer telehealth.
- VISION PLAN: CABOT MICROELECTRONICS CORPORATION offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | CABOT MICROELECTRONICS CORPORATION | Industry | Illinois |
|---|---|---|---|
| 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
CABOT MICROELECTRONICS CORPORATION 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: CABOT MICROELECTRONICS CORPORATION does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: CABOT MICROELECTRONICS CORPORATION does not offer adoption assistance reimbursement.
- BONUS PAY: CABOT MICROELECTRONICS CORPORATION offers superior bonuses to team members who excel in their field of work, provide extraordinary results for CABOT MICROELECTRONICS CORPORATION, and encourage others to do the same.
- CHILDCARE DISCOUNT: CABOT MICROELECTRONICS CORPORATION has an exceptional childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: CABOT MICROELECTRONICS CORPORATION has a valuable commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CABOT MICROELECTRONICS CORPORATION offers a superior 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: CABOT MICROELECTRONICS CORPORATION 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: CABOT MICROELECTRONICS CORPORATION has a superb 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: CABOT MICROELECTRONICS CORPORATION has an outstanding vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: CABOT MICROELECTRONICS CORPORATION has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, CABOT MICROELECTRONICS CORPORATION stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: CABOT MICROELECTRONICS CORPORATION has a suitable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CABOT MICROELECTRONICS CORPORATION | Industry | Illinois |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared CABOT MICROELECTRONICS CORPORATION's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.