Boeing - Great benefits come at a cost to salaries and salary growth | Glassdoor
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Helpful (2)

"Great benefits come at a cost to salaries and salary growth"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst
Current Employee - Financial Analyst
Recommends
Approves of CEO

Pros

Job security and a great benefits package. Boeing offers a complete medical, vision and dental package at a very low employee contribution. Also, Boeing offers a pension as well as a 401IK plan that matches 50% up to 8%.

Cons

Limited in negotiating increases to compensation. The downside to a great compenstation package is the rigid salary structure. Boeing uses industry standards as their basis for salaries and generally uses the mid point as the ceiling for compensation. Additionally, their annual comesation pool is usually around 4% and this must be divided amoungst everyone. The folks closer to the mid range usually get less than 4% and those furthest away get greater than 4%. Raises are not necessarily merit based.

Advice to Management

Continue to lean out the overhead functions.

Other Employee Reviews for Boeing

  1. Helpful (1)

    "Boeing is an old battleship that isn't flexible enough to roll with the changing tides..."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager
    Current Employee - Project Manager
    Recommends
    Disapproves of CEO

    Pros

    the benefits and the chance to prove yourself if you're willing to disregard quality of life and your family

    Cons

    former military officers that think they're still in the military and treat you like a peon

    Advice to Management

    you are not the next savior and don't know everything


  2. Helpful (2)

    "Come to Boeing to get your college paid for...but work somewhere else afterwards if you want to be paid well."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Management Specialist
    Current Employee - Project Management Specialist
    Approves of CEO

    Pros

    Education program - Boeing will pay for higher education and then give you 100 shares of stock when you complete a Bachelors or Masters degree. Shares are secured for 3 years- you lose these if you leave before shares become unsecured. Good employer match on 401K. Good benefits

    Cons

    Project management group is a joke. Methods need work. Not sure who is running the show. (Avoid PP&C group if you come in as a Project Manager!)
    Pay is behind the curve for PM jobs. Company pays for education, but does nothing to retain those that have pursued higher education. I anticipate that with my MBA that Boeing is paying for (graduate 6/09) it will allow me to double my income outside of Boeing. Stock award for finishing degree is not worth staying on at lower rate of industry pay.

    Advice to Management

    Review PMI standards for Project Management and implement.
    You are paying to for degrees and then not doing anything to retain the people who pursue education. Stupid!

There are newer employer reviews for Boeing
There are newer employer reviews for Boeing

See Most Recent

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