Price, very competitively priced for employees.
Paid for the creation of the new company (Leidos) by cutting back on benefits. Senior management killed employee owned culture from SAIC.
This company has a comprehensive benefits package if one is interested in it. I have been with the company for over a year and the benefits are very good.
15 days of paid time off per year including sick, etc. Up to 5% matching 401k. No opportunity to use comp time.
They make sure the remain competitive within there industry. Plenty of companies in the area and qualified applicants have no issue leaving one and going to another.
Health care is terrible! To add your spouse to the plan costs $100 ON TOP OF the premium you pay. 401K matches 5%.. only 7 holidays..
Pros: 401k - 2% default contribution for everyone + 50% of 6% match , PTO: 24 days for 10+ years, 9 holidays Cons: medical insurance cost increased for employees with families, PTO days expected to be cut less too
PTO accrual is painfully slow for new hires, the health care coverage is decreasing every year with huge increases in employee costs (including a $100/month surcharge for your spouse if they can obtain coverage elsewhere). 401k matching is at/slightly above industry standard.
The benefits are being reduced every couple years. They're OK now, but used to be great. What will the future bring?
The amount of PTO is terrible. They just reduced time off again. Worst is those who've been there 10 or more years lost 3 days they normally get. Those helped lose 2 and 1 day for 5th and 2nd year. Health care is terrible too.
List based on reports from current and former employees. It may not be complete.