This report analyzes and compares WESTLAKE CHEMICAL CORPORATION's employee health insurance and employee benefits with its industry and in Texas 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
WESTLAKE CHEMICAL 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 WESTLAKE CHEMICAL CORPORATION. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: WESTLAKE CHEMICAL CORPORATION offers superior possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, WESTLAKE CHEMICAL CORPORATION makes sure that every single team member takes the full advantage of superior career planning programs.
- COACHING AND MENTORING: By using a great coaching and mentoring program, WESTLAKE CHEMICAL CORPORATION can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: WESTLAKE CHEMICAL CORPORATION encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, WESTLAKE CHEMICAL CORPORATION supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: WESTLAKE CHEMICAL CORPORATION has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: WESTLAKE CHEMICAL CORPORATION offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by WESTLAKE CHEMICAL CORPORATION to grow as leaders and learn how to make tough calls.
- 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 WESTLAKE CHEMICAL CORPORATION offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, WESTLAKE CHEMICAL CORPORATION implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WESTLAKE CHEMICAL CORPORATION 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 | WESTLAKE CHEMICAL CORPORATION | Industry | Texas |
|---|---|---|---|
| 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
WESTLAKE CHEMICAL CORPORATION 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 WESTLAKE CHEMICAL CORPORATION's superb maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WESTLAKE CHEMICAL CORPORATION is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why WESTLAKE CHEMICAL CORPORATION implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at WESTLAKE CHEMICAL CORPORATION have a top-notch dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. WESTLAKE CHEMICAL CORPORATION partially pays for dentures and braces as well.
- HEALTH INSURANCE: WESTLAKE CHEMICAL CORPORATION 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: In an effort to improve the wellbeing and quality of life of its team members, WESTLAKE CHEMICAL CORPORATION offers great health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, WESTLAKE CHEMICAL CORPORATION offers a good 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: WESTLAKE CHEMICAL CORPORATION has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: WESTLAKE CHEMICAL CORPORATION has implemented a superior telehealth policy for its members to use any time of the day, every single day. WESTLAKE CHEMICAL CORPORATION covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: WESTLAKE CHEMICAL CORPORATION provides a first-class 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 | WESTLAKE CHEMICAL CORPORATION | Industry | Texas |
|---|---|---|---|
| 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
WESTLAKE CHEMICAL CORPORATION offers remarkable financial benefits for employees and their family members. A remarkable 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: WESTLAKE CHEMICAL CORPORATION knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and WESTLAKE CHEMICAL CORPORATION will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, WESTLAKE CHEMICAL CORPORATION provides resources which will help team members decide what to do with their 401(k) plan. WESTLAKE CHEMICAL CORPORATION offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: WESTLAKE CHEMICAL CORPORATION does not offer adoption assistance reimbursement.
- BONUS PAY: WESTLAKE CHEMICAL CORPORATION has an impressive bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: WESTLAKE CHEMICAL CORPORATION does not offer childcare discount.
- COMMUTER BENEFIT: WESTLAKE CHEMICAL CORPORATION acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WESTLAKE CHEMICAL CORPORATION 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: WESTLAKE CHEMICAL CORPORATION offers a superior 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: WESTLAKE CHEMICAL CORPORATION offers an impressive 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 impressive life insurance package contains dependent policies as well.
- PAID TIME OFF: WESTLAKE CHEMICAL CORPORATION wants for its team members to lead a happy and fulfilled life so it has a solid vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: WESTLAKE CHEMICAL CORPORATION believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why WESTLAKE CHEMICAL CORPORATION offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: WESTLAKE CHEMICAL CORPORATION has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WESTLAKE CHEMICAL CORPORATION | Industry | Texas |
|---|---|---|---|
| 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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