Symantec offers a variety of reward and recognition programs via manager-nominated awards and employee-nominated awards. Symantec believes that rewarding and recognizing employees who demonstrate behaviors, values, and actions that go "above and beyond" provides Symantec with the opportunity to shape behavior and performance toward achievement of business goals.
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Symantec offers two competitive Aetna PPO Plans. You may visit any licensed physician or healthcare facility for treatment, but by utilizing in-network providers it reduces your out of pocket cost.
HMO health care coverage is also available to employees in several of our US locations.
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Symantec offers three competitive MetLife Preferred Dentist Program (PDP)dental plans. You may visit any licensed dentist for treatment but by using a network dentist your out of pocket cost is reduced. Plans provide coverage for preventative, routine, major and orthodontic work.
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Eligible employees may purchase Symantec stock twice a year, on designated purchase dates, at a discounted price through the Employee Stock Purchase Plan. Through the plan, employees may elect payroll deductions from your pay to be deferred for the purchase of this stock. The purchase price of the stock is 85% of the fair market value at the end of the purchase period (February 15th or August 15th, or the first business day prior).
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Symantec offers two competitive vision plans administered by Vision Service Plan (VSP). Both plans provide benefits for frames, contact lenses and computer vision care. The 2.0 Plan provides for more frequent and increased benefit.
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All regular employees in eligible salary grades receive stock options as part of the new hire benefit package. Stock options are generally priced at the fair market value of the stock as of the close of market on the date of your grant, and with regard to non-US stock option grants, as required under applicable rules and regulations of foreign jurisdictions.
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Symantec provides benefits for tomorrow by offering investment programs designed to help you build a secure financial future. In the Symantec Corporation Section 401(k) Plan, the company matches 50 cents for every dollar you contribute - up to 6% of your eligible pay. The maximum company match is $6,000 each year. You may contribute up to 50% of your eligible pay on a pre-tax basis, up to the annual IRS limit. If you are age 50 or older, you may make additional "catch-up" contributions above the annual IRS limit. Investment options in the Plan provide a diversified range of investment choices for Plan participants. They include funds in 12 different asset classes, plus three pre-mixed asset allocation funds. Symantec and Schwab partner together to provide you top-notch educational tools on various retirement topics.
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Symantec is committed to helping our employees and their families lead healthy and satisfying lives and offers two weeks Paid Parental Leave to its employees-parents. Parental leave is available to fathers of a newborn, as well as parents of a newly adopted or newly placed foster child.
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Symantec's disability plans preserve a portion of your income if you are unable to work as result of illness, injury or pregnancy. Short-term disability coverage is provided to employees. Week 1 – utilize your PTO; week 2-8 receive 100 percent of your pre-disability earnings (including commissions); week 9-26 receive 75 percent income replacement. Long-term disability is available at 66 2/3 percent or 66 2/3 percent post-tax of your base salary (including commissions) up to a maximum benefit of $15,000 per month.
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Symantec provides employees with Life and Accidental Death & Dismemberment Insurance (AD&D) at two times base salary (including commissions) to a maximum death benefit of 1,500,000. Supplemental life and AD&D insurance is also available. Symantec provides Business Travel Accident Insurance at up to three times your eligible compensation to a maximum of $1,000,000.
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Spousal and Domestic Partner Life Insurance is available from $10,000 to $150,000. Evidence of insurability is required at certain levels. Child life insurance is available from $2,500 to $25,000.
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Symantec employees accrue 17 to 22 days of Personal Time Off (PTO)annually, based on length of service. There is no distinction between "personal/vacation" and "sick" hours - the use of your personal time is from the same pool.
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Symantec provides nine paid holidays per year, plus two floating holidays chosen by you for a total of 11 holidays per year.
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Symantec offers its employees the ability to set aside pre-tax dollars in either or both a Health Care or Dependent Care Flexible Spending Account up to $5000 in each account.
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Symantec recognizes the need for balance between work demands and personal demands. The following programs help support our employees through various life stages:
- Employee Assistance Program
- Dependent Care Referral Program
- Free prenatal kit for expectant parents
- Kindergarten kit for parents
- Teen care kit for parents
- Elder care kit for aging parents
- Adoption Assistance Program
- Long-term care insurance
- Health club / fitness club reimbursement
- On-line discount program for products & services
- Educational assistance (tuition reimbursement)
- Corporate training programs
- Computer purchase program
- Software purchase program
- Credit unions
- Matching gift program
Symantec promotes a healthy workplace to all employees and their families. You can improve your health and make positive health changes in your life through interactive tools and Aetna provided tools:
- Informed Health Line ™
- Aetna InteliHealth ™
- Healthwise Knowledgebase ™
- Healthy Outlook Program ™
- Moms-to-Babies
- 24/7 Nurse Line
This benefits overview provides summary explanations of Symantec's benefit programs. The governing provisions of the Plans are set forth in formal Plan documents and contracts. If there is any conflict between this statement and any Plan Document, the Plan Document will govern.
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