Covestro Employee Benefits and Perks | Glassdoor

Covestro Benefits

21 Ratings

Employer Summary

Covestro offers a total rewards package that is extremely competitive. Medical, dental and vision coverage is exceptional, and reasonably priced. The 401k match is competitive, and participants are vested immediately. There is an additional retirement contribution that is provided by the company; seperate from the generous 401k match. Paid time off package is strong, promoting the value of using time to re-energize. Stock purchase program, total well-being, educational assistance, student loan repayment, flexibility, maternity/paternity leave are all best in class.

Employee Benefit Reviews

Showing 1–10 of 21 comments

Most Commented

  • Apr 28, 2020
    StarStarStarStarStar Former HR Manager in Sheffield, Massachusetts

    World class benefits with profit sharing

  • Feb 11, 2020
    StarStarStarStarStar Current Maintenance Manager in Baytown, Texas

    Covestro pay and benefits are above other companies of the same size. You have several medical benefits program to select from during annual enrollment

  • Feb 11, 2020
    StarStarStarStarStar Current Employee in Pittsburgh, Pennsylvania

    PTO has improved in recent years. Benefits have got much more expensive and restricted.

  • Feb 13, 2020
    StarStarStarStarStar Former Employee in Baytown, Texas

    Contractors get no benefits

  • Nov 22, 2019
    StarStarStarStarStar Current Employee in Pittsburgh, Pennsylvania

    Benefits are great and ahead of other companies our size. Also lots of opportunities for community involvement and helping those in need. They have flexible working arrangements depending on the work you do and upper management cares about the employees.

  • Nov 02, 2019
    StarStarStarStarStar Current Employee in Pittsburgh, Pennsylvania

    Coverage and 401 k match

  • Jul 25, 2019
    StarStarStarStarStar Former Employee in Pittsburgh, Pennsylvania

    Benefits are competitive. Flexible work hours (wfh, flex hours, etc) very dependent on supervisor.

  • Aug 19, 2018
    StarStarStarStarStar Current Employee in Baytown, Texas

    Benefits are decreasing and costing employees more year after year

  • Aug 15, 2018
    StarStarStarStarStar Current Employee in Pittsburgh, Pennsylvania

    Very good 401K matching and paid time off program. Above average.

  • Dec 19, 2017
    StarStarStarStarStar Former Process Engineer in Newark, Ohio

    they gave 2 weeks vacation as well as 5 paid sick days. They offered stock options and good healthcare. I have no complaints about the benefits package

Benefits Summary

List based on reports from current and former employees. It may not be complete.

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Insurance, Health & Wellness

  • CheckmarkHealth Insurance (15)
  • Dental Insurance
  • Flexible Spending Account (FSA)
  • Vision Insurance
  • Health Savings Account (HSA)
  • Life Insurance
  • Supplemental Life Insurance
  • Disability Insurance
  • Occupational Accident Insurance
  • Health Care On-Site
  • Mental Health Care
  • Retiree Health & Medical
  • Accidental Death & Dismemberment Insurance

Financial & Retirement

  • Pension Plan
  • Checkmark401K Plan (14)
  • CheckmarkRetirement Plan (14)
  • Employee Stock Purchase Plan
  • Performance Bonus
  • Stock Options
  • Equity Incentive Plan
  • Supplemental Workers' Compensation
  • Charitable Gift Matching

Family & Parenting

  • CheckmarkMaternity & Paternity Leave (15)
  • Work From Home
  • Fertility Assistance
  • Dependent Care
  • Adoption Assistance
  • Childcare
  • Reduced or Flexible Hours
  • Military Leave
  • Family Medical Leave
  • Unpaid Extended Leave

Vacation & Time Off

Perks & Discounts

  • Employee Discount
  • Free Lunch or Snacks
  • Employee Assistance Program
  • Gym Membership
  • Commuter Checks & Assistance
  • Pet Friendly Workplace
  • Mobile Phone Discount
  • Company Car
  • Company Social Events
  • Travel Concierge
  • Legal Assistance

Professional Support

  • Diversity Program
  • Job Training
  • Professional Development
  • Apprenticeship Program
  • Tuition Assistance

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