Philips Employee Benefits and Perks | Glassdoor

Philips Benefits

373 Ratings

Employer Summary


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."

Employee Benefit Reviews

Showing 1–10 of 375 comments

Most Commented

  • Mar 16, 2019
    StarStarStarStarStar Current Employee in Mayfield Heights, Ohio

    Ability to chose from 3 different plans, which one best suits you or your family.

  • Mar 14, 2019
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    Great 401(k) match and paid parental leave

  • Mar 07, 2019
    StarStarStarStarStar Former Sales Analyst in Bothell, Washington State

    good overall benefits and a large selection

  • Feb 21, 2019
    StarStarStarStarStar Current Employee in New Orleans, Louisiana

    I think Philips benefit package is very competitive, Like everywhere healthcare cost keeps going up but they offer multiple plans to find the right one for you.

  • Feb 20, 2019
    StarStarStarStarStar Former Employee in Stamford, Connecticut

    great dental and vision and 401K but awful medical, deductibles are too high!

  • Feb 15, 2019
    StarStarStarStarStar Former assembly in Greeneville, Tennessee

    pension plan informarionneed to know

  • Feb 12, 2019
    StarStarStarStarStar Former Employee in Cleveland, Ohio

    Offer competitive packages, rates keep going up every year, but that is probably the same everywhere

  • Feb 04, 2019
    StarStarStarStarStar Former Manufacturing Supervisor in Reedsville, Pennsylvania

    Great benefits that start on day one. Medical, 401K, 3 weeks vacation 4 floating holidays, 7 paid holidays and sick time. You also get 10% shift differential for 2nd shift and 15% for 3rd shift even if you are training on 1st, you still get your differential. Competitive pay and good working atmosphere.

  • Feb 05, 2019
    StarStarStarStarStar Current Employee in Andover, Massachusetts

    Very comprehensive and generous benefits

  • Feb 11, 2019
    StarStarStarStarStar Current Supervisor in Nashville, Tennessee

    Pretty standard HSA plan. 2 different deductibles. They offer 2 dental plans which is nice and 2 vision plans - gives you more than the average coverage.

Benefits Summary

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

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