B
71/100
Comparably Awards
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Philips Compensation Employee Reviews
All
Positive
Constructive
What is the best part about your compensation package?
group insurance rate and 401k match
I don't want to discuss about that
Company stock as a retention bonus, however valuation is so poor that it regularly is cut to 1/3 the original value when vested. We are forced to leave a lot of potential on the table if we leave, but if we do not then we harm our own value in the long term.
It is more than competitive
Insurance and vision coverage and fsa
Company pension and company car
The 401K matching at 7%
Benifits are top notch. Can't complain.
Most of my compensation is fixed
Pension, bonus system, performance based salary increase
401k match is excellent at 7%
Salary and flexibility of choices
Benefits related to professional and personal development are really excellent. In addition, flexible health insurance benefits are really good.
It is an overall nice package
Out of touch with local economy for my job title - underpaid.
Review from Operations Dept
abilty to be paid based on performance
benefits are better than most
company safeguarded their employees and never disappointed
The fringe benefits like fitness reimbursement and health advocate gives $400 a year that I spent on tech
Review from Operations Dept
It is profitable in all areas, if you can afford to get the maximum taken out of your pay.
Why do you feel undervalued and what would make you feel better about your compensation?
Respect and appreciation would go a long way
Cost of Living Increases, at least matching the rate of inflation; making more than (barely) 40k / yr so I can afford to live
That yearly reviews are open. You want more performance but not equivalent pay increase
Hh hbv ff ghb ghh
I've consistently (3 years) rated well in my PPM but been told there is no room (ie. a position at the next grade) available for me. My last bonus was an insult and just rubbed in the fact the glass ceiling hasn't moved. I wonder how these surveys are used, or even if they're read by a real person
fair comparison with market value
There is a disparity between how European employees are managed and rewarded (better) vs. US employees (worse). This leads to resentment.
more! I am wearing 2 hats, I have experience and compententices 10x my colleagues and there for compensate, support or mentor them, all of which is developing better assets for Philips however I am not paid enough.
Common employee wont get stock options
Poorest paying job for most demanding job in 20 years in industry
the performance review can easily be manipulated by managers who do not want to lose their seats in the organization, so potential is ignored
More money, more reasonable expectations, & the ability to review management that actually impacts their wages. Management runs unrestrained, that is why this company is horrid. There is no accountability for management's abuse.
Expectation that i should double and triple hat, for the same salary. The LTI are flat, regardless of my performance result
Salary could be better, flexible pay model eats away at a lot
Came into Philips via acquisition and took an immediate $30k hit in base salary and 80% reduction in commission rate.
The pay was above average in the country (Panama) But still noy sufficient for the actual living costs
I should be paid the same for comparable work within the organization.
I would like it if leadership actively sought ways to make the offering profitable for customers.
I don’t feel undervalued - comp more generous than other places I’ve worked
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