Raydon Benefits

6 Ratings

Employee Benefit Reviews

Showing 1–6 of 6 comments

Sep 20, 2018
Current Employee

PTO program. You start earning PTO time from day 1 of full time employment. Tuition assistance up to $5300 a year. My healthcare is paid for, spouse and family coverage offered at additional cost.

Oct 27, 2020
Former Employee

Competitive pay and benefits, vacation time is lower than most companies.

Dec 6, 2017
Current Employee

Match % could be better, they recently lowered health benefits slightly.

May 19, 2016
Current Employee

Both ESOP AND 401k plans

May 15, 2015
Former Employee

They fully covered my individual health care plan.

May 15, 2015
Current Employee

Healthcare - Best thing is that it is currently free for just the employee, not including eye and dental which will run you $15 a paycheck. The bad...where to start. The company likes to change providers every year or two and doesn't care if half of the 200 people here can no longer see their PCP. If you add your spouse, its $200+ a month for them. Family plans are $600+ a month. The Dental only ever seems to cover 20% of work outside of cleanings, and the optical is $300 max for new glasses every two years with free yearly exams. However, the worst, and probably the most awful thing this company does, is they factor the "free" healthcare they tout into your "employee value." They sendyou an email saying that, because they had to pay for your healthcare, that was the reason you are not paid industry standard and why they were not going to give raises or do any salary adjustments this year. They go on list how much it costs them for each employee type, somehow making a $33k/yr employee cost the company $55k/year. It's good coverage if you can get past the fact that they call it free, but don't treat it like it is. Attempting to drop the coverage completely and get paid closer to the adjusted amount is a laughable offense. 401k - I'm not big on this aspect of the benefits because I don't make enough to really be able to put a substantial amount towards it, but they match 3% and it's all done pre-tax. Vacation You start accruing 2.33 hours per week, then at 5 years move to 3.2 hours per week and I'm not sure beyond that. They also have a "negative PTO" system where they can withhold things if you go into negative time off. A lot of women run into issues with this on maternity leave and people who take short term medical leave. Work From Home - This is a sore spot for many. I cannot say much that won't get censored here, but sufficed to say that some are allowed and some are not. Those that do often are breaching software release terms by using free or student versions at home. The company creates a lot of proprietary software and if you work in an area that uses it, you will never be allowed to work from home. Employee Discount - Only if you like spending $1000 a night at a spa instead of $1100. The discounts don't apply to 80% of the income levels in the companty. Sick Days - They sent out a notice saying they would not honor any law for sick days and it would be factored into your standard time off. Free Lunch/Snacks - Nope, just vending machines. My department seems to get one free lunch a year while others get one a week. How odd. Maternity Leave - You have to use all your paid time off, go into negative hours, then apply for FMLA, wait weeks without pay, then you get 30% of your normal pay for a month and a half. It seems women that use this service find it difficult to advance in the company after returning from this because most of the male staff sees it as a problem, prompting most women leave the company after having kids.

Benefits Summary

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

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Insurance, Health & Wellness

  • Health Insurance (6)
  • 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
  • 401K Plan (5)
  • Retirement Plan
  • Employee Stock Purchase Plan
  • Performance Bonus
  • Stock Options
  • Equity Incentive Plan
  • Supplemental Workers' Compensation
  • Charitable Gift Matching

Family & Parenting

  • Maternity & Paternity Leave
  • 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

  • Vacation & Paid Time Off
  • Sick Days
  • Paid Holidays
  • Volunteer Time Off
  • Sabbatical
  • Bereavement Leave

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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