Caterpillar Inc. Compensation Employee Reviews | Comparably
Caterpillar Inc. Claimed Company
Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. We are a leader and proudly have the largest global presence in the industries we serve. Learn more about our Strategy, Governance, History and Brands, as well as the values that guide our conduct. read more
EMPLOYEE
PARTICIPANTS
764
TOTAL
RATINGS
7791
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Caterpillar Inc. Compensation Employee Reviews

What is the best part about your compensation package?

I like all of it

They pay better than average and the benefits are good.

Best part is the insurance.

My insurance plan is great

The matched 401k. The pay isn't that bad, but it seems like you won't have any time to spend the money you make because you are there every single day.

The annual bonus and the 401(k)

Review from Legal Dept

401K and medical coverage is excellent

Review from Engineering Dept

Bonus structure. Good medical insurance.

Review from Product Dept

Overall vey comprtitive and fair.

I make a strong salary that is market based.

Review from HR Dept

During my tenure the medical.

Health insurance and 401k plan is great.

Bonus and medical coverage included

Overtime when it's on my check.

Base pay is high compared to equal jobs in other companies.

my company was acquired by Caterpillar, so not sure

Best benefits in the area

Equity bonus work life balance flexibility

Everything, it helps me feel comfortable about retirement.

Insurance is very good. Costs have went up and benefits have went down but that is the market these days. 401k consistently performs well.

Why do you feel undervalued and what would make you feel better about your compensation?

No stock/equity options as of now. I feel base pay could be higher too.

The pay increasing as the cost of living has. My comfortable lifestyle is no more. We live poor now.

Review from Operations Dept

Higher pay and additional sense of purpose as a company as well as an employee

Review from Engineering Dept

Making more jobs for people that want to help and do better for the company.

Fair wages an jobs on the shop floor for Ranstad employees

Start looking at your management

better pay and health benefits

Being paid more then those that are only flipping burgers

After learning new skills and running a small area alone for months at a time that needed 2 people I was not given a raise and told the only way to get one was to be a team lead.

Review from Operations Dept

Competive merit based compensation. Transparent pay practices

I was appalled to find that my market worth was 30% higher for similar work, experience and education

If our managers spend more face to face time with their employees, take a proactive stance on creating fringe benefits, provide objective pay for performance incentives, and making reductions in salary or eliminating raises a last resort instead of the top 5 items.

Review from Engineering Dept

More money every year... and not just the 23 cents we get annually... when the management just above us gets 20-30K bonuses annually

Review from Operations Dept

I don't feel that my manager fully understands my skills, let alone fully leveraging them. I would like to take more responsibilities, and I believe if I do my work well the benefits will come to me.

Review from Engineering Dept

If I was paid as much, if not more then a male employee, in the same position.

Review from Customer Support Dept

Married employees have to have separate health care plans and it is expensive having two huge deductibles

Review from Legal Dept

More stock options for those mid level management. And better benefits than the shop floor would be nice.

Review from Customer Support Dept

We're underpaid as a whole for the amount of work, and the quality we put out

Review from Product Dept

If and when I have suggestions or ideas they are overlooked or outright shutdown because I am not in the “in crowd” with the people who do get the final say on things that effect my coworkers, area, job or myself. I work in my area everyday and know the area unlike the decision makers.

Review from Operations Dept

A global pay philosophy those outside the US are paid and valued less

Review from Legal Dept

Review Sentiment at Caterpillar Inc.

58
58%
42
42%

About Caterpillar Inc. Compensation

B
70/100

Where This Score Ranks Caterpillar Inc. Compensation

TOP
30%

In the Top 30% of 1310 similar size companies on Comparably

TOP
40%

In the Top 40% of 216 companies in Chicago

2nd

2nd place versus 5 competitors rated on Comparably

411 employees at Caterpillar Inc. score their wages and compensation a B on average. As a testament to this, when employees are asked “Do you believe you're paid fairly?”, 63% say Yes. The Sales department is the most satisfied with their compensation, ranking it 98/100, a full 43 pts above the Business Development department. If you want detailed data about Caterpillar Inc. wages, see the <a href="https://www.comparably.com/companies/caterpillar/salaries">wage breakdown by department, job titles, locations, and more.</a>

Rate Compensation the Highest

  • Department - Sales
    +28%
  • Department - Marketing
    +20%
  • Tenure - Over 10 Years
    +20%

Rate Compensation the Lowest

  • Ethnicity - Native American
    -44%
  • Tenure - 2 to 5 Years
    -37%
  • Department - Business Development
    -15%

How Caterpillar Inc. Compensation Score is Calculated

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Results from 411 Employees in All Departments, All Genders, All Ethnicities and All Yrs. Experience Experience

AnswerPercent
Yes63%
No37%
Do you believe you're paid fairly?
AnswerPercent
Yes69%
No31%
Are you satisfied with your Benefits?
AnswerPercent
Yes81%
No19%
Does your company give annual bonuses?
AnswerPercent
Every 6 months or less17%
Every year60%
Every 2 years7%
Every 3 years or more9%
Never7%
How often do you get a raise?
×
Rate your company