Doing the work of your life doesn't mean a life of just work. Finding a healthy work-life rhythm is key to maintaining your passion, motivation, creativity and engagement. It's our responsibility to ensure you're supported as much as possible to achieve that balance.
Beyond paid time off for vacations and sick leave, you'll also receive generous paternity leave and caregivers can rest assured. You'll be provided with free resources and paid time off to take care of family members with serious health conditions. You'll also be encouraged to benefit your local community or causes, through paid time off to volunteer.
2. The price of passion
Doing the work of your life doesn't mean doing it for less than your true worth either. Feeling fully and fairly compensated is a critical component of feeling like a truly valued member of the Philips team.
You'll receive competitive compensation, based on thorough market reviews, the cost of living in specific areas, and adjusted to factors such as performance and experience. Our Annual Incentive program will make sure your performance and contribution towards business results is also recognized in your compensation package.
Your future will be taken care of through our extremely generous 401K contributions, HSA, and you can also benefit from special employee discounts on products such as insurances or ride to work schemes.
As we succeed, you should succeed too. Employees can purchase Philips stock at a 15% discount, receive up to 60% off Philips products, and get access to a wide range of deals and discounts.
3. Towards a healthier future
Improving the lives of others should never come at the expense of your own health and well-being. No matter where you work at Philips, you'll be supported in a wide number of ways.
For example, we offer customized digital and virtual health programs for inspiring health habits, blood pressure and heart health, addiction treatment, digestive health, early detection cancer screenings and managing chronic conditions, such as diabetes and back or knee pain.
Additionally, all our offices and locations are accessible to all employees, and all feature well-equipped nursing rooms where new mothers can feel relaxed and undisturbed.
Finally, no matter where you're located – in a factory, in an office, at home or on the road – you can enjoy fitness reimbursement and wellness programs and, where relevant, you'll be provided with comprehensive medical and dental plans. Check your local site for more details.
4. Growing together
Improving the lives of all people around the world includes you – and all our people. You can only truly do the work of your life if you're learning, developing and growing along the way. It's a path, not a project.
Whatever your interest, you'll find traditional learning tools in the form of Philips University and LinkedIn learning, where you'll have unlimited access to everything from picking up languages to leadership development and LEAN certification. Additionally, we offer up to $10,000 a year for job-related undergraduate, graduate, and certification programs based on eligibility criteria and manager approval.
But growth isn't all about courses or certifications. Leaders at Philips see mentoring as a privilege and a critical aspect of developing talented employees who will help us create the healthcare systems of tomorrow. And our company-wide gig system means you'll be encouraged to pick up small projects with other teams to deepen your knowledge and understanding, so you never stop growing and learning.
Our powerful mission to improve billions of lives coupled with our employee-focused Total Rewards package aims to attract and retain the best talent and ensure we remain competitive.
This page contains only highlights of the Philips benefit plans and programs. Receipt of this page does not guarantee eligibility for any Philips sponsored plan or program of benefits. Eligibility for and entitlement to a benefit is governed by the terms of the official Plan Document. In the event of a discrepancy between the official Plan Document and this page, the official Plan Document will control.
