Benefits
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Babcock & Wilcox strives to provide a safe work environment and promote work/life balance for all employees.
We offer a comprehensive Total Rewards package, consisting of competitive compensation, paid time off, retirement savings and other programs designed to support the physical, mental and financial health of our most valued assets: our employees. B&W also offers many learning and professional development opportunities for employees to continually improve their skills and advance their careers.
Active full-time employees and part-time employees (who maintain a regular work schedule of at least 20 hours per week) are eligible to participate in the company's health and wellness benefits program. Certain benefits also offer optional dependent coverage.
Benefit programs include:
- Flexible health benefits including options for medical, dental, vision and prescription drug coverage
- Health care savings and reimbursement accounts, and health care flexible spending accounts
- Dependent day care spending account
- Life insurance for the employee, spouse and children
- Long-term disability, personal accident insurance, hospital income insurance, and supplemental critical illness coverage
- Better U wellness program
- Group Legal assistance
- Business travel accident insurance
Compensation/financial benefits include:
- Salaried Employee Incentive Program
- Compressed workweek schedule, with every other Friday off (for some locations)
- Paid holidays
- Two to four weeks of vacation
- Flex-time
- Thrift Plan/401(k) Plan
- Pension Plan
- Employee referral program to earn a bonus for referring a new hire
- Spot recognition program so supervisors can reward employees for above-and-beyond contributions
Learning and development benefits include:
- Collegiate program partnerships
- Education refund plan for tuition reimbursement (for full-time employees)
- A variety of onsite professional and career development and training opportunities, including e-learning programs
- Individual assessments and performance and development planning
- Leadership development, coaching and mentoring, succession planning, and executive transition support
Other benefits include:
- Employee Assistance Program for confidential counseling
- Onsite wellness and fitness centers (at select locations)
- Service awards to recognize years of employment
- Scholarship program for employees’ children
- Group discounts on products, services and entertainment
- Employee recreational and social activities including recognition parties, picnics and more!