Benefits
In addition to competitive salaries, challenging work assignments, and developmental opportunities, Cooper Industries offers its employees a comprehensive benefits package to provide security and peace of mind for employees and their families now and in the future. These benefits range from providing various insurance and savings programs to providing educational opportunities for career development. Take a look below at what Cooper has to offer.
Medical Insurance
Employees and their eligible dependents are offered comprehensive medical benefits. Medical Insurance Plans may vary based on geographic location, but most locations offer one or more of the following:
- Managed Care Programs (Point of Service Plans)
- Health Maintenance Organizations (HMO's)
- Prescription Drug Programs
Life Insurance
Cooper Industries provides group-term life insurance at no cost to the employee. Coverage varies by employee group and employees can purchase supplemental whole and term life insurance for themselves and their dependents. Enrollment and adjustments to coverage can be made during annual open enrollment periods or in the event of a major life change as defined by law.
Retirement
Cooper offers its employees a variety of competitive retirement benefits, which may include a Company Sponsored Pension Account Plan, a Retirement Savings and Stock Ownership Plan (CO-SAV) and Social Security. The Pension Account Plan is totally funded by the company. Employees are neither required nor permitted to contribute to it. The Retirement Savings and Stock Ownership Plan (CO-SAV) allows employees to save for the future on a before-tax basis with the company matching, to varying degrees, employee contributions. These two retirement plans, along with Social Security, provide employees and their families a way to have security during retirement years.
Balancing Work and Private Life
Cooper employees are encouraged to find a healthy balance between their work and private life. To facilitate this balance, Cooper offers:
- Paid Vacations and Holidays (varies depending upon location)
- Business Casual Dress (most locations)
- Family and Medical Leaves of Absence
- Flexible Work Shifts (varies depending on location)
- Confidential Employee Assistance Programs (varies depending upon location)
- Disability Benefits
- Bereavement, Military, and Jury Duty Leaves of Absence
- Direct Deposit of Payroll
- Tuition Reimbursement (some restrictions apply)
Relocation Assistance
Moving to a new location is often a challenge for new and current employees; therefore, to minimize disruption, Cooper Industries reimburses costs normally associated with relocation for qualified positions.