Employee Benefits

Health and insurance benefits

At Boeing, we know there is a whole world outside of work, and we endeavor to provide you with programs that help you make the most of it. No matter how your life changes, from getting married to having children to caring for an aging parent, Boeing offers resources that protect you and your family, help you ease transitions in trying times, or help you grow both professionally and personally. From health, savings and retirement plans to our educational and training programs, travel services, and employee discount programs, you will find Boeing's benefits to be among the most progressive in the industry.

The highlights below do not represent complete Boeing policy statements; the official policies, procedures, or plan documents should be consulted for complete information. In the event of a conflict between these highlights and the policies, procedures or plan documents, the text of those original documents will control.

Medical Coverage

Most Boeing locations offer more than one option for medical coverage to allow employees to choose the plan that meets their needs. Medical plan offerings vary across the company, but all medical plans include:

Coverage for certain preventive care services, such as annual physicals and well baby care -- generally at little or no cost to the employee
Coverage for doctor visits, surgery and hospital care
Vision coverage for routine eye examinations, glasses and contacts
Prescription drug coverage, including retail and mail-order options
Coverage for mental health and substance abuse services.

Dental Coverage

Boeing offers dental coverage to help employees and their families pay for dental care and orthodontia services. Like medical plans, dental plans also vary across the company.

Life Insurance and Accidental Death and Dismemberment (AD&D) Insurance

To protect employees and their families in the event of death or serious injury, Boeing automatically provides basic life, basic AD&D and business travel accident insurance. Some employees also have the option to purchase additional life insurance and/or AD&D insurance if it meets their needs. For union-represented employees, life and AD&D insurance benefits vary by collective bargaining agreement.

Short-term and Long-term Disability Insurance

Nonunion employees automatically receive basic short- term and long-term disability insurance -- and have the option to purchase additional long-term disability insurance if interested. For union-represented employees, short-term and long-term disability benefits vary by collective bargaining agreement.

Flexible Spending Accounts

Boeing offers a health care flexible spending account and a dependent care flexible spending account to allow individuals to pay for eligible health care expenses (including many over-the-counter medications) and dependent care expenses (including child and elder care) on a pre-tax basis -- which helps reduce income taxes. Certain union-represented employees are not eligible for the health care flexible spending account.

Retirement benefits

Boeing helps employees plan for their future by offering a comprehensive retirement benefit program to supplement Social Security benefits and personal savings. The elements of Boeing's retirement benefits vary based on hire date, and for union-represented employees benefits also vary by collective bargaining agreement.

Most newly hired nonunion and certain union-represented employees are offered a retirement savings plan that provides an automatic company contribution (regardless of whether the employee contributes). Additionally, as employees contribute to the plan, Boeing matches a percentage of employees' contributions each pay period to help grow their savings. Employees are 100% vested in their own contributions and company contributions at all times. The plan offers a variety of investment options, which include lifecycle funds (diversified, pre-mixed funds based on the employee's expected retirement date), index funds and actively managed funds.

Certain newly hired union-represented employees are offered both a pension plan and a retirement savings plan. These employees are not eligible for the automatic company contribution described in the previous paragraph.

Vacation and holidays

Vacation

Boeing employees accrue vacation each week or according to the schedule in their collective bargaining agreement. Vacation hours grow until they reach the vacation accrual maximum. All salaried new hires and rehires have their vacation account pre-loaded with one half of their first year accrual at the time of hire. The normal accrual process starts the seventh month of employment.

Holidays

For most employees, Boeing provides paid time off for 12 standard holidays, including a winter break between December 24th and New Year's Day. The winter break is for the benefit of employees and the business and is offered in lieu of other government holidays, such as Presidents Day. Holiday schedules may vary according to observance of holidays at customer or international locations.

Wellness programs

Boeing offers a variety of programs and resources to help employees focus on their overall well-being. Among the long list of offerings are:

Online Health Web Site: www.BoeingWellness.com delivers valuable health information and innovative online tools and programs customized to an individual's health interests, risks and strengths. As a complement to the web-based information resources, each month the BoeingWellness Health Letter is mailed to all employees' homes.
Onsite Wellness Screenings: Most Boeing locations offer free onsite wellness screenings each summer to help identify potential health conditions in their early stages.
Online Health Assessment: After completing a health questionnaire, employees receive a personalized health report.
Healthy Lifestyle Coaching: Employees can receive six months of free healthy lifestyle coaching if their results from the Health Assessment show a need for managing weight or stress, eating better or getting physically active.
Quit For Life® Program: Boeing pays the cost for employees who take advantage of the award-winning Quit For Life Program®, which provides information and support to quit tobacco for good.
Flu Prevention Program: Boeing's free flu shot program is available each fall.
Local Wellness Programs: A variety of programs -- from onsite fitness centers to Weight Watchers at Work -- may be available at work sites across the company.

Work/life benefits and services

To help employees manage the balance between their work and personal lives, several Boeing resources are available, including:

Employee Assistance Program: This confidential service connects employees and their families with experienced counseling professionals for help with personal issues.
Family Care Resources: This program provides free, confidential referral services to help employees find a variety of services -- such as child and elder care -- to make life more manageable.
Stress Management Program: This program offers professional, confidential counseling, one-on-one stress management coaching, classes, seminars, and more.

Educational benefits and opportunities

Boeing provides many on- and off-site educational opportunities. Employees can pursue training vital to their current job or toward completing a degree program.

Learning Together Program

At Boeing, the pursuit of learning is pivotal to shaping a business that reaches around the globe and across cultures, bringing generations and intellect together to hurdle the challenges and deliver the innovations that make Boeing a global leader in aerospace. One resource Boeing employees use to pursue learning is the Learning Together Program. Under this program:

Boeing pays 100% for tuition and related expenses.
Employees can go to any accredited college.
Employees can choose education programs that enhance job performance, intellectual growth and professional development.
Employees can receive Boeing stock upon completion of degrees.

On-The-Job Training

It is in everyone's interest for employees to feel as comfortable and knowledgeable about their job as they possibly can. Boeing's On-Hour Training program is provided to employees when the information or skills being taught are required to perform their current or upcoming work assignments, or when a formal training course is necessary to satisfy requirements of company, customer or government regulations.

Employee Incentive Plan

A high-performance culture is critical to Boeing's future. We want our employees to be actively engaged in seeking customer-focused solutions to grow the business and boost economic profit. Employee efforts, creativity, and commitment are recognized as key to the company's continued growth and success. In recognition of this contribution, Boeing may award annual performance-based incentives and/or other individual forms of recognition.

The Employee Incentive Program (EIP) is one such incentive program. EIP provides cash bonuses of between 1 and 20 days of additional pay to eligible employees in the first quarter of the year if the Company achieves and/or exceeds annual economic profit objectives the previous year. Targets are very demanding and track with our goal to provide total shareholder returns within the top quartile of S&P 500 companies.

Currently, the majority of Boeing's non-executive employees are eligible for EIP. Employees covered by a collective bargaining agreement are eligible only if the terms of the collective bargaining agreement provide for participation in the Boeing EIP.

Boeing is an equal opportunity employer. Applicant Privacy

This site will look much better in a browser that supports web standards, but it is accessible to any browser or Internet device.