Haemonetics endeavors to provide comprehensive and competitive compensation and benefits programs in every market in which we conduct business. Our benefits may change and are subject to maintaining status as an employee. Below is a summary of our current U.S. benefits. For information on the compensation and benefits programs offered in other countries and regions, please contact the local office.
Haemonetics offers individual and family health coverage beginning on the first day of employment. The cost of coverage is shared by Haemonetics Corporation and employees. The Company pays approximately 80% of the cost of the program, employees pay 20%. Employee contributions are deducted on a pre-tax basis.
* Prescription drug coverage and vision care is included within each medical plan option
This program is a tax-deferred retirement plan that provides the opportunity to save money before federal and state taxes are withheld from your paycheck. As a participant, you will enjoy matching contributions from Haemonetics in which you will be immediately 100% vested. Haemonetics contributes a dollar for every dollar saved by you, to a maximum of 6% annual compensation (capped at the Highly Compensated Employee compensation limit in effect for the current Plan year). Additionally, the plan provides diverse investment options and a self-directed brokerage account.
The ESPP gives you the opportunity to purchase stock in Haemonetics through bi-weekly payroll deductions. At the beginning of each Purchase Period (November 1st and May 1st), you may elect to have between 2%-15% of your after-tax pay set aside for the purchase of stock at the end of the six-month Purchase Period. When the stock is purchased, you pay only 85% of the lower listed price at the beginning or end of the six-month Purchase Period.
We encourage employees to pursue personal and professional growth through continuing education. The tuition reimbursement program for pre-approved job or degree-related course work provides 90% reimbursement of costs incurred for tuition, lab fees, registration, and course materials. To qualify, a minimum grade of “C” is required for undergraduate courses and a grade of “B” for graduate courses. A maximum of $5,250 per calendar year will be reimbursed.
*Tuition reimbursement may be considered taxable income in certain circumstances.
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