Philips Benefits

4.0
559 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
3.7
129 Ratings
Employer Verified
3.2
18 Ratings
Employer Verified
3.2
14 Ratings
Employer Verified
2.8
13 Ratings
Employer Verified
2.6
11 Ratings
Employer Verified
2.3
7 Ratings
Employer Verified
2.8
4 Ratings
Employer Verified
3.0
3 Ratings
Employer Verified
2.7
3 Ratings
Employer Verified
2.7
3 Ratings
Employer Verified
2.3
3 Ratings
Employer Verified
3.5
2 Ratings
Employer Verified
5.0
1 Rating
Employer Verified

Financial & Retirement

4.3
102 Ratings
Employer Verified
2.9
14 Ratings
2.7
11 Ratings
Employer Verified
2.4
7 Ratings
Employer Verified
4.0
2 Ratings
2.5
2 Ratings
Employer Verified
4.0
1 Rating
3.0
1 Rating
Employer Verified

Family & Parenting

3.3
32 Ratings
Employer Verified
3.6
18 Ratings
Employer Verified
2.7
6 Ratings
Employer Verified
1.0
2 Ratings
Employer Verified
2.5
2 Ratings
3.0
1 Rating
Employer Verified
Dependent Care
Employer Verified
Fertility Assistance
Employer Verified
Reduced or Flexible Hours
Employer Verified

Vacation & Time Off

3.8
69 Ratings
Employer Verified
3.1
19 Ratings
Employer Verified
3.0
12 Ratings
Employer Verified
1.7
6 Ratings
Employer Verified
3.0
3 Ratings
Employer Verified

Perks & Discounts

2.9
31 Ratings
Employer Verified
2.1
8 Ratings
Employer Verified
3.8
5 Ratings
Employer Verified
3.3
4 Ratings
Employer Verified
2.7
3 Ratings
Employer Verified
4.0
1 Rating
Employer Verified
3.0
1 Rating
Legal Assistance
Employer Verified

Professional Support

2.5
11 Ratings
Employer Verified
3.8
4 Ratings
Employer Verified
2.7
3 Ratings
Employer Verified
3.0
1 Rating

Employee Benefit Reviews

Showing 1–10 of 559 comments

Most Commented

  • Health Insurance(151 comments)

    HSA low premium high deductible available

  • 401K Plan(107 comments)

    Very good company matching

  • Vacation & Paid Time Off(76 comments)

    Apenas o exigidos na legislação e day off no aniversário

Sep 13, 2021
4.0
Current Project Manager in Seattle, WA, Washington State

Good variety of benefits package

Report
Sep 11, 2021
4.0
Former QA Engineer in Andover, MA, Massachusetts

Solid 401k with Vanguard. Healthcare was so-so.

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Sep 11, 2021
4.0
Former Employee

Very organized time-off schedules offered,

Report
Sep 10, 2021
5.0
Current Senior Director in Bothell, WA, Washington State

Solid 401k contribution, great medical insurance, good PTO

Report
Sep 10, 2021
4.0
Former Employee

Good benefits and matching 401K

Report
Sep 7, 2021
4.0
Current Employee

Very good benefits for employees.

Report
Sep 4, 2021
5.0
Current Regulatory Affairs Specialist in Bothell, WA, Washington State

Best benefit compared to other companies I know

Report
Aug 31, 2021
5.0
Current Employee

Great 401K matching policy. You contribute 6% they match 7%

Report
Sep 4, 2021
3.0
Current Research Scientist in Cambridge, MA, Massachusetts

Decent 401K and HSA offer

Report
Sep 9, 2021
5.0
Former opérateur de production in New York, NY, New York State

Bonne entreprise bonne ambiance bon

Report
Viewing 1 - 10 of 559 Reviews

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