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Benefits: Total Rewards

Benefits: Total Rewards

Raytheon's comprehensive Total Rewards package gives employees flexibility, convenience and values.

Total Rewards at Raytheon means more than just pay and a health plan. We've created a unique program designed to meet the diverse needs of our multigenerational workforce, offering them a comprehensive Total Rewards package that includes competitive pay, rewards and recognition programs, comprehensive health and welfare benefits (including medical, vision, dental and life plans), a 401(k) with company contributions, flex time and flexible working arrangements, paid time off and much more. Our Total Rewards program enables us to attract, motivate and retain the market's best talent.

We were among the first in our industry to offer same-sex domestic partner benefits and the first to achieve a perfect rating on the Human Rights Campaign's Corporate Equality Index. In June 2016, we continued our legacy of leadership, as one of the first in our industry to offer paid time off at a critical time for every growing family. Available to all eligible male and female employees having or adopting a child, our parental leave benefit provides three paid weeks of leave, separate from paid maternity leave or Family and Medical Leave Act. This new benefit further enhances our inclusive culture. Feedback from employees who have used this new benefit has been extremely positive.

Our holistic approach to employee well-being goes far beyond physical health to include mental health, physical and financial wellness, career development, relationship and community issues. We foster employee well-being through a variety of employee programs, including a rewards-based, digital wellness program and a work/life resource and referral program that offers counseling, learning and education assistance programs, emergency backup care for children and adults.

Together, our Total Rewards benefits and services enable our employees to be their best both at work and at home.

Total Rewards at Raytheon

Total Rewards at Raytheon

Total Rewards at Raytheon

ON-SITE HEALTH CENTERS
26 on-site health centers staffed by 71 full-time contracts employees including 15 full-time employees who support workers virtually at sites without health centers, when they travel for business and when they're on global assignment.

Clinical staff consults on work related injuries and fitness for duty, non-work related episodic care, medical surveillance and regulatory exams, disability cases and return to work, drug and alcohol testing, and preventive health and wellness programs.

ONLINE WELLNESS PORTAL
Nearly 10,000 employees access fitness and nutrition apps, record daily exercise and nutrition, link to mobile devices and wearables, and check wellness rewards each week.

ON-SITE EXERCISE FACILITIES
Includes 24 unstaffed exercise facilities that are available at no charge, day or night.

REWARDS-BASED DIGITAL WELLNESS PROGRAM
Offers all eligible employees and their spouses the opportunity to each earn up to $250 annually by creating custom programs and accumulating points. Employees develop personalized plans that meet specific goals and objectives. In 2016, 37 percent of Raytheon employees participated, and our goal for 2017 is 48 percent.

WORK/LIFE RESOURCE AND REFERRAL PROGRAM
Counseling, learning and education assistance programs, emergency backup care for children and adults, convenience services referrals and grief counseling.

EMPLOYEE ASSISTANCE PROGRAM
11 on-site providers covering 21 sites in the United States provide confidential, comprehensive consultations that help employees and their families manage life's demands and provide managers with strategies to address workplace behaviors.

FLEX TIME AND FLEXIBLE WORKING ARRANGEMENTS

PAID TIME OFF

PARENTAL LEAVE
Available to all eligible male and female employees having or adopting a child, our parental leave benefit provides three paid weeks of leave, separate from paid maternity leave or Family and Medical Leave Act.

We expanded our backup childcare program to Canada in 2016, and will roll it out in the UK in 2017. In 2016, the Bright Horizons® backup care for children, adult and elder employees and family members saved Raytheon employees 2,733 days out of work.

Health service utilization

We expanded our backup childcare program to Canada in 2016, and will roll it out in the UK in 2017. In 2016, the Bright Horizons® backup care for children, adult and elder employees and family members saved Raytheon employees 2,733 days out of work.

Health service utilization

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