Philips Benefits

4.1
687 Ratings

Our Benefits

Find yourself rewarded and fulfilled in surprising ways

It goes without saying that we offer reward packages that are comprehensive, competitive, performance-based and global. Our reward package typically includes your base salary, short term incentives, but can also include long-term incentives for key and management roles, as well as benefit packages.

Rewards also go way beyond money too. Our packages include dynamic career opportunities and personal and professional development and we are internationally recognized as an employer that offers state-of-the-art rewards which reflect changing business and market circumstances. To make sure that our rewards remain competitive and market-leading, we regularly benchmark all aspects of our programs. And of course, we focus our innovation efforts internally too to create packages that reward our people in new and motivating ways.

And we know it’s important that everyone feels fairly positioned and motivated. In the interests of internal equity, we use a comprehensive job grading approach where we assess (amongst other factors) the business and financial scope, the impact of a position, its complexity, the key challenges and the required know-how and competencies required to fulfill the positon. We do this by making use of a pre-defined set of differentiating factors for positions in businesses, markets and functional disciplines."

Which benefits does Philips provide?

Current and former employees report that Philips provides the following benefits. It may not be complete.

Insurance, Health & WellnessFinancial & RetirementFamily & ParentingVacation & Time OffPerks & DiscountsProfessional Support

Insurance, Health & Wellness

Health Insurance
3.8
181 Ratings
Employer Verified
3.5
28 Ratings
Employer Verified
3.7
22 Ratings
Employer Verified
3.3
19 Ratings
Employer Verified
3.2
18 Ratings
Employer Verified
3.3
11 Ratings
Employer Verified
3.3
6 Ratings
Employer Verified
3.6
5 Ratings
Employer Verified
3.4
5 Ratings
Employer Verified
3.3
4 Ratings
Employer Verified
3.0
4 Ratings
Employer Verified
3.5
2 Ratings
Employer Verified
5.0
1 Rating
Employer Verified

Financial & Retirement

4.4
114 Ratings
Employer Verified
3.3
21 Ratings
Employer Verified
3.4
16 Ratings
Employer Verified
3.2
11 Ratings
Employer Verified
3.3
3 Ratings
Employer Verified
4.0
2 Ratings
Employer Verified
4.0
2 Ratings
Employer Verified
4.0
1 Rating
Employer Verified

Family & Parenting

3.4
41 Ratings
Employer Verified
4.0
26 Ratings
Employer Verified
3.2
9 Ratings
Employer Verified
2.3
3 Ratings
Employer Verified
3.3
3 Ratings
Employer Verified
4.0
2 Ratings
Employer Verified
5.0
1 Rating
Employer Verified
Dependent Care
Employer Verified
Fertility Assistance
Employer Verified

Vacation & Time Off

3.9
88 Ratings
Employer Verified
3.4
28 Ratings
Employer Verified
3.6
21 Ratings
Employer Verified
2.7
10 Ratings
Employer Verified
3.0
3 Ratings
Employer Verified
Sabbatical
Employer Verified

Perks & Discounts

3.2
41 Ratings
Employer Verified
2.7
11 Ratings
Employer Verified
4.0
6 Ratings
Employer Verified
3.6
5 Ratings
Employer Verified
3.3
4 Ratings
Employer Verified
4.0
1 Rating
Employer Verified
3.0
1 Rating
Free Lunch or Snacks
Employer Verified
Legal Assistance
Employer Verified

Professional Support

2.9
13 Ratings
Employer Verified
4.0
5 Ratings
Employer Verified
3.3
4 Ratings
Employer Verified
4.0
2 Ratings
Employer Verified
Apprenticeship Program
Employer Verified

Employee Benefit Reviews

Showing 1–10 of 687 comments

Most Commented

  • Health Insurance(181 comments)

    Various options at different price points.

  • 401K Plan(114 comments)

    there's some selection of fund when you join. Vesting in a year. they offer standard and RoTh.

  • Vacation & Paid Time Off(88 comments)

    Unlimited time off in 2023.

Sep 19, 2022
5.0
Current DevOps Engineer in Cambridge, MA, Massachusetts

Unlimited time off in 2023.

Report
Sep 14, 2022
4.0
Current Director in Sacramento, CA, California

Good organization that cares for people.

Report
Sep 14, 2022
5.0
Current Employee

They offer PTO and Sick days which is rare these days.

Report
Sep 9, 2022
4.0
Current Employee

Philips Benefits are very good

Report

What Philips employees are saying

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Sep 7, 2022
5.0
Current Employee

Benefits package is unmatched compared to other companies

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Sep 4, 2022
5.0
Former Manager in Seattle, WA, Washington State

Great benefits offered by company

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Sep 18, 2022
3.0
Current Employee

No stocks given to employees

Report
Sep 2, 2022
4.0
Current Engineer in Boston, MA, Massachusetts

401k, Hybrid work arrangement, and an unlimited vacation day.

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Sep 1, 2022
5.0
Current Employee

Great benefit packages - so many additional perks!

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Aug 30, 2022
4.0
Current Employee

6% match of your first 4% contribution. Total of 7% against your 6% contribution

Report
Viewing 1 - 10 of 687 Reviews

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