4.0
8 Sept 2008
Current employee
Recommend
CEO approval
Business outlook
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.