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Great benefits come at a cost to salaries and salary growth

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Analyst
Current Employee - Financial Analyst

I have been working at Boeing

Pros

Job security and a great benefits package. Boeing offers a complete medical, vision and dental package at a very low employee contribution. Also, Boeing offers a pension as well as a 401IK plan that matches 50% up to 8%.

Cons

Limited in negotiating increases to compensation. The downside to a great compenstation package is the rigid salary structure. Boeing uses industry standards as their basis for salaries and generally uses the mid point as the ceiling for compensation. Additionally, their annual comesation pool is usually around 4% and this must be divided amoungst everyone. The folks closer to the mid range usually get less than 4% and those furthest away get greater than 4%. Raises are not necessarily merit based.

Advice to ManagementAdvice

Continue to lean out the overhead functions.

Recommends
Approves of CEO

2104 Other Employee Reviews for Boeing (View Most Recent)

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  1.  

    Great place to work with some drawbacks

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Software Engineer II in Houston, TX
    Current Employee - Software Engineer II in Houston, TX

    I have been working at Boeing

    Pros

    You get to work on cutting edge technology. One of the best places to work if you are interested in airplanes or space exploration. Boeing is a big company and you can move around and get expertise in different areas of commercial airplanes or defense systems if you want to. Health insurance, retirement etc benefits are great. They pay 100% for education. Great place to get an advanced degree while you are working. With so many employees, the networking opportunities are awesome. A lot of recent college graduates are hired every year making it a dynamic place to work. I like seeing the end product of my efforts and it is an honor to be able to point to a plane in the sky in the future and tell my kids "I helped build that"

    Cons

    Since it is a big company, you can get lost and be "just another employee" if you don't pro-actively work towards your career. Pay could be better. The path to senior levels is not clearly defined. There are set rules about getting promotions and if you are an over-achiever, you might feel stuck in the corporate policies. For e.g. at a small company if you work really hard, you might get promoted a couple of levels or get a huge raise. This won't happen at Boeing since the managers have to follow company policies in these matters. No offices in some locations that young engineers might want to work in e.g. New York.

    Advice to ManagementAdvice

    Work on making Boeing a more "fun" place to work, especially for Gen Y. Otherwise you will lose your employees to other "cooler" companies.

    Recommends
    Approves of CEO
  2.  

    You can be real proud of the what you are doing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Cost Analyst in Everett, WA
    Former Employee - Cost Analyst in Everett, WA

    I worked at Boeing

    Pros

    Pride in the products they build

    Cons

    There are more Managers and less Leaders

    Advice to ManagementAdvice

    Set the and communicate the stragety, let the people find the way to make it happen.

    Disapproves of CEO
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