StorageTek’s employee benefits include much more
than insurance and holidays; they provide a sense of community,
an opportunity to grow personally, as well as professionally.
The following benefits are available to all regular, full-time
and part-time StorageTek employees working at least 20 hours
per week.
Medical and dental plans
StorageTek offers comprehensive medical/prescription and dental
plans, as well as an eyewear discount plan. We pay a majority
of the cost of medical and dental coverage for employees and
eligible dependents.
Wellness programs and facilities
Staying healthy includes social, physical, career and emotional
health. StorageTek provides many tools to help you stay active
and live a healthy and satisfying lifestyle.
Headquarters
The Wellness Center at our corporate headquarters offers a
variety of informative and fun courses designed to improve
mental, physical and emotional well-being. Amenities include
weight lifting and cardiovascular equipment, a full line of
water and land group exercise courses and a 25-yard lap pool.
There are also a variety of league and club activities available
to employees and their immediate families. In addition, the
Center offers massage therapy, health screenings, and a health
fair available to employees throughout the year.
Field
Field employees who can't take advantage of the amenities
available at corporate headquarters can can receive a portion
of reimbursement dollars for such things as health club membership
dues, fitness equipment, audio/video tapes, etc. In addition,
the headquarters wellness staff takes wellness nationwide
via "wellness weeks", which offer a variety of health
screenings and health educational seminars.
Employee assistance program (EAP)
Confidential counseling sessions for employees and their families
at no cost.
Health care flexible spending account
Pay for your anticipated health care expenses with before-tax
dollars. Eligible expenses include co-pays, coinsurance and
other qualified services not covered under your medical and/or
dental plans.
Health services at headquarters
Convenient access to comprehensive onsite health care and
family practice services staffed with board certified physicians,
physician assistants and nurse practitioners. Other services
include chiropractic, optometry and optician, physical and
occupational therapy, preventative dental hygiene care, immunizations
and much more.
Flexible work arrangements
Sometimes a little flexibility is all you need to have both
a satisfying career and a happy home life. Depending on your
position and situation, one of the following arrangements
may be available to you:
- Flexible work hours
- Job-sharing with other StorageTek employees
- Part-time work with prorated benefits
- Telecommuting - working from home via modem hookup
Dependent day care flexible spending
account
Pay for your dependent day care expenses with before-tax dollars.
You may contribute up to $5,000 per year (subject to IRS regulations)
to your dependent day care account. This program can also
be used for elderly parents who are dependents and live in
your home at least 8 hours per day.
Adoption reimbursement program
Reimbursement for 100% of eligible adoption expenses, up to
a maximum of $3,000 per child. Eligible expenses include legal
fees, court fees and the natural mother's medical expenses.
Child care center at headquarters
Full-time childcare is available at our headquarters during
the day for up to 79 children, ages 6 weeks to 5 years. In
addition to participating in the regular curriculum, children
may enjoy swimming, Spanish and music lessons, gym class and
much more. Summer camp is also available for school age children.
A drop-in program can be used as back-up care for any age
child.
Tuition reimbursement
Reimburse 100% of pre-approved course tuition costs (up to
$10,000 per calendar year without executive management approval)
at institutions accredited through the American Council on
Education.
Vacation time
Regular full-time employees accrue vacation based on service
as follows (California accrual rates and some job types differ
from below):
| Less than 5 years of service |
10 days per year |
| 5 - 9 years of service |
15 days per year |
| 10 - 14 years of service |
20 days per year |
| 15 - 19 years of service |
1 additional day per additional
year of service, to a maximum of 25 days per year |
Personal time and leave of absence
You accrue up to 80 hours of personal time per year (88 hours
for non-headquarters employees who don't receive the day after
Thanksgiving holiday) - and you may carry over up to 160 hours
from one year to the next. (California accrual rates may differ.)
Holidays
We observe the following holidays in all our U.S. offices:
New Year's Day
Memorial Day
Independence Day
Labor Day
Thanksgiving Day and the day after*
Christmas Day
*Non-headquarters employees may receive an additional personal
day instead of this holiday.
Time off for community service
Time off can be taken for various types of community service
such as jury duty, attending court as a witness, participating
in voluntary emergency rescue operations, or serving on temporary
or active duty or training with the military reserves or National
Guard.
Life insurance
Basic employee life insurance coverage of two times your annual
base salary, up to $900,000 in coverage, at no cost to you.
You may purchase supplemental life insurance to add to your
basic life insurance or to cover the lives of your spouse
or dependent children.
Accidental death and dismemberment
(AD&D) insurance
Basic employee AD&D in the amount of two times your annual
base salary, up to $900,000 in coverage, at no cost to you.
Reduced amounts are payable in the event of dismemberment.
You can purchase supplemental AD&D insurance to add to
your basic coverage or to cover your family.
MEDEX® travel assistance
MEDEX ® Travel Assistance, a worldwide emergency assistance
service, is available to plan participants whenever they are
traveling 100 miles or more from home or when traveling in
a foreign country for trips of up to 90 days. Services include
a comprehensive range of professional, 24-hour medical, legal
and travel assistance information, referral and coordination
services.
Business travel accident insurance
We pay the entire cost of business travel accident insurance,
which provides income to your beneficiary in the event of
your accidental death or dismemberment when traveling on business.
The amount of this benefit is five times your annual base
salary in the event of your death, up to $1 million in coverage.
Reduced amounts are payable for dismemberment.
Disability coverage
If you are medically unable to work for an extended period,
we provide income replacement through our Short Term Disability
program in the event that an illness or injury prevents you
from working. Short-Term Disability (STD) coverage is provided
at no cost to you. You may purchase Long-Term Disability (LTD)
coverage for a fee which is coverage after the short term
disability expires.
401(k) plan
Contribute up to 50% of your pay, up to the annual IRS contribution
limits, for your retirement. If you reach age 50 by the end of the
calendar year, you may make additional, pretax "catch-up" contributions
to the 401(k) plan, the annual IRS contribution limits. You decide where
your savings are invested, choosing from the different investment options
in the plan that have various combinations of risk and return. We'll pay
you to save, 100% of the first 3% you contribute, and 50% of the next 4% of
your contribution, up to a maximum match each pay period of 5% of your base pay.
The first 3% will vest (be owned by you) immediately. The next 2% will vest after
two years of active employment.
Employee stock purchase plan
Become an owner and share in the company's success. Twice each
year, a few weeks before the May 1 and November 1 offering dates,
you have the opportunity to authorize up to 10% of your after-tax
pay to be used to purchase StorageTek stock through convenient
payroll deductions. Your purchase price is no more than 85%
of its current value.
Financial planning
Investment classes are available nationwide, and some online,
offering basic information about investing, investment strategies
and pre-retirement planning.
Employee discounts
and services
Some of the convenience benefits we provide include the following:
- Credit union memberships
- Personal cell phone discounts
- Discounted tickets to community events, movies, ski areas,
sporting events and much more!
- Discounted flowers
- Discounted books
- Discounted auto/home owners insurance
- Travel services - discounted tickets, hotels, resorts
& car rentals
- Headquarters ATM, dry cleaning & hair cutting service
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