Raytheon is proud to offer a comprehensive, competitive benefits package to you, your spouse or same-sex domestic partner, and your eligible children. In addition to protecting you and your family's health and well-being, we offer important income and work/life benefits to meet your needs.
Raytheon pays for dental insurance, at no cost to employee.
Good benefits. Paid 3 week paternity/maternity leave. PTO is low to start (80hrs) but ramps up quick to 120 and then 160 at 5 years.
Roll over 40 hours of PTO to next year.
The benefits are the best thing about working at Raytheon.
Raytheon offers base PTO of 2 weeks a year and has a system to slowly build it up to 4 weeks over 10 years. It is possible to get 3 weeks at start but you need to make that a requirement when applying for job. Health insurance is provided by United Healthcare HSA and Kaiser HMO; for the HSA there are two tiers and they place a balance on your HSA which is handled by Fidelity. Vision, dental, and life insurance is also offered. Work life balance is excellent, it is almost difficult to work over 40 hours a week. Raytheon is ahead of the curve when it comes to Paternity leave (for such a large company) by offering 3 weeks paid leave.
They do not offer in my opinion a great yearly bonus (2 or 3K). Other fortune 100 companies I worked for gave routinely 5 to 15k.
Good work/life balance. 401k is generic and equity compensation grants are non-existent.
Overall, the benefit package is very good, with a lot of optional coverages. Like many major defense contactors, the health insurance is not great. HDHP with HSA is offered at 2 levels. Essentially, the program amounts to you paying a bi-weekly insurance premium in exchange for a "discount" at in-network providers. I wouldn't really call it insurance, except in a catastrophic sense. Plan on funding an HSA, because the deductibles are quite high.
Good vacation policy, if you're allowed to use it. 12 Holidays and 4 weeks PTO after 5 years. Generic health options that seem to get a lot more expensive every year.
Benefits are in line with similar companies. They should think about employee stock purchase plans.
List based on reports from current and former employees. It may not be complete.