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Be Connected. Be Valued. Be You.
Total Rewards
pay and benefits at swagelok
Be Connected. Be Valued. Be You.
Total Rewards
We invest in every associate at every stage of their career and life.
- Our Total Rewards package promotes the wellbeing and diverse needs of our associates and their families including their physical, mental, emotional, and financial health. We offer competitive pay and benefits—including medical, dental, vision, and numerous voluntary benefits—starting on the first day of employment.
- Our employee stock ownership plan (ESOP) and matching 401(k) contributions allow everyone to share in the company’s success and save for retirement
- Our Total Rewards strive to encourage flexibility and support associates in balancing their career with other aspects of their lives
Swagelok's Current Total Rewards
From day one at Swagelok, you’re surrounded by a comprehensive package of valuable benefits called Total Rewards. Along with our inclusive work environment, Total Rewards help you be at and bring your best—no matter where you are in your career or life.
Compensation
Starting with a competitive pay package, you're eligible for an annual merit increase*. Your increase is based on your performance. Plus, our no-layoff philosophy helps protect your income. Swagelok employs this philosophy in all economic environments. It’s a key element of our unique business model that maintains the stability of our permanent workforce.
*Must be a Swagelok associate as of September 30 (of prior year) to be eligible.
Retirement Savings
Each year, you can receive retirement contributions from Swagelok of up to a maximum of 10% of your eligible pay from a combination of the ESOP, 401(k) match, and variable contributions. The ESOP gives you ownership in the company, so when Swagelok does well, your ESOP funds grow too.
Health Care Benefits
Medical
- Use any provider but your costs are lower in-network; preventive care covered at 100%
- Care coordination through MyQHealth makes health care easier to navigate by offering free assistance with common to complex health care matters
- Prescription drug benefits for needed medications
Dental
- Covers preventive care at 100% in-network and out-of-network
- Fillings, dentures, crowns, and orthodontia are also covered
Vision
- Helps you pay for exams and corrective eyewear
- Use any provider but your costs are lower in-network
Health Care Savings
Health Savings Account (HSA) or Health Reimbursement Account (HRA)
- Swagelok makes quarterly company contributions to your HSA or HRA that help you pay eligible out-of-pocket health care expenses
- An additional “earned” contribution from Swagelok is made to your HSA/HRA if you (and your participating spouse, if applicable) complete a wellness activity
- Enrollment in a contribution-eligible high deductible health plan is required for both base and earned contributions
- You can make personal pre-tax contributions too (HSA only)
Flexible Spending Accounts
- Limited-Purpose FSA for expected/known dental and vision expenses
- Dependent Care FSA for care expenses involving children, seniors, and disabled adults
Company-Provided Insurance
- Basic Life – minimum of $50,000 or 1x your salary, whichever is higher
- Short-Term and Long-Term Disability
Voluntary Insurance Options
- Supplemental Life for you and your dependents
- Accidental Death and Dismemberment
- Critical Illness
- Accidental Injury
- Long-Term Care
- Identity Theft Protection
- Pet
Paid Time Off (PTO)/Recognition/Appreciation
- PTO to help ensure a healthy work/life balance
- Use your PTO as needed for vacations, sick time, and personal interests
- 13 paid holidays, including a paid annual holiday shutdown for most associates
- Quality-Service-Safety Recognition Awards
- Service Awards with keepsake gift
- Innovation Awards
- Associate Referral Bonus Program for eligible associates
Wellness and Safety
- Employee Assistance Program
- Confidential mental health resources, including apps offering:
- Clinically proven therapies for managing stress, anxiety, depression, and more
- Virtual appointments with a licensed therapist
- Personal weight loss program
- Healthy maternity program
- Chronic condition management program
- Available to medical plan members with pre-diabetes, diabetes, and/or hypertension
- Tobacco cessation program
- Free onsite flu vaccines
- Reimbursement for prescription safety glasses and shoes (if required to complete your daily work)
- Safety performance efforts that outperform metal machining operations standards
Training and Development
- Thousands of learning and development opportunities (online and instructor-led courses)
- Tuition reimbursement programs for select undergraduate and graduate degrees
- Access to job postings and career opportunities
- Career development intranet site for guidance on exploring career aspirations, defining career goals, and planning ongoing development
You and Your Loved Ones
- A choice of company paid, annual Swagelok Appreciation Events (tickets/passes to area events and attractions) for you and your family
- Gift card for your child’s birthday
- Scholarship program (for your children)
- Paid parental leave program
- Adoption assistance program
More
- Free fruit, bagels, soft drinks, coffee, and tea every day
- Donation-matching gift program
- Associate Resource Groups and Diversity, Equity and Inclusion working team
- Free uniforms, including more casual polo shirt option, and dry cleaning (for shop associates)
- “Dress for your day” apparel code for office associates
Swagelok is an Equal Opportunity and Affirmative Action Employer.
Swagelok can, in its sole discretion, modify, eliminate, revise, or deviate from its policies, rules, or procedures as circumstances or situations warrant with or without notice. Swagelok’s policies, benefits, rules, or procedures are not intended to be, nor are they deemed to constitute, an employment contract, express or implied, for any length of time. Except as prohibited by law, employment with Swagelok is at-will and may be terminated at any time, by either the associate or by Swagelok, for any reason or no reason, with or without notice. Only a written agreement signed by the associate and a member of Swagelok’s executive team and specifically for the purpose of changing the at-will nature of the associate’s employment can modify the at-will nature of the employment relationship. Every effort has been made to provide an accurate summary of each benefit. If there is a conflict between these materials and the documents or contracts, the documents or contracts will govern.