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    Nestlé Benefits

    Benefits

    Your compensation at Nestlé extends beyond a paycheck to include an array of benefits, programs and services. As you are learning, being a Nestlé employee opens up many options ... for you, your family and the way you live.

    Nestlé provides a comprehensive benefits program, from traditional healthcare and pension plans to more contemporary options that reflect the changing needs of today's employees, such as wellness and alternative medicine, an allowance for corrective laser eye surgery and workplace flexibility.

    Take a closer look at our benefit offerings and you will understand why Nestlé is an employer of choice with both new graduates and seasoned professionals from every corner of the globe.

    Keep in mind, these benefits may change and some will vary by location and job grade/level. Please discuss your benefit offerings with your recruiter.

    Your Health
    Your Finances
    Your Life

    • Your Health

      Medical Coverage
      Employees can select a NesCARE medical plan or an HMO (depending on location of residence) that best meets the needs of themselves and their families. Coverage becomes effective after 31 days of full-time employment.

       

      Dental Coverage
      Nestlé offers a choice of two dental coverage options: A Preferred Dental Plan and a DMO Plan. Both plans cover typical dental services so that employees and their families can better manage dental costs.

       

      Vision Coverage
      There are two vision coverage options to choose from. The benefits of both plans are similar, so employees decide which plan to enroll in based on provider network participation.

       

      Prescription Drug Plans
      A prescription drug program is included when employees enroll in a NesCARE medical plan option. The prescription drug benefits offer the flexibility to purchase medications either at a local retail pharmacy or through mail-order service.

       

      Wellness and Alternative Medicine
      Under the NesCARE medical plans, annual preventive health care will be paid at 100% up to $500. Examples of eligible costs include physicals and mammograms. In addition, additional alternative medicine treatments available through the NesCARE medical plans include acupuncture, naturopathy, hypnosis, homeopathy, herbal medicines and medical nutritional therapy.

       

      Flexible Spending Accounts
      Dependent Daycare and Health Care Flexible Spending Accounts are available to set aside pre-tax income for reimbursement of applicable daycare and health care expenses not otherwise covered by insurance. Up to $5,000 can be set aside to each account annually.

       

      Long-Term Care
      This optional employee paid benefit insures employees and eligible family members against the potential cost of a nursing home or other long-term care. Parents, grandparents and in-laws can be included under a separate policy.

       

      Life Insurance
      Nestlé provides life insurance at no cost to full-time employees equal to 1 1/2 times their annual base salary. Employees can further increase this benefit by electing coverage up to five times their annual pay. The employee cost for these other optional levels of coverage are based on age and annual base pay. Evidence of insurability is required for certain coverage levels.

       

      Dependent Life Insurance
      This optional employee paid coverage provides a death benefit in the event a covered family member dies. The cost depends on the coverage level elected. Evidence of insurability is required for certain coverage levels.

       

      Accidental Death and Dismemberment Insurance
      This optional employee paid benefit provides benefits in the event of injury or death as the result of accidental injury. Coverage is available for the employee a well as eligible family members. The cost depends on the coverage level elected.

       

      Short-Term Disability
      Disability benefits are provided in the event of a non work-related disabling illness or injury.

       

      Long-Term Disability
      This optional employee paid benefit is available to full time employees and provides income protection after 180 days or 6 months of approved disability.


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    • Your Finances

      Financial matters run deeper than salary alone. It is important to lay a fiscal groundwork for the future early as early as possible. Nestlé provides employees the following benefits for building their financial security.

       

      Pension Plan
      Pension is based on years of service and compensation. Vesting occurs after only five years. At retirement, a choice between several forms of monthly payments or a lump sum option may be available.

       

      Nestlé 401(k) Savings Plan
      This plan provides the opportunity to save on a before-tax basis through convenient payroll deductions. Nestlé provides an employer matching contribution of 100% on the first 3% of eligible compensation, and then 50% on the next 2% of eligible compensation, for a maximum employer matching contribution of 4% of eligible compensation.

       

      Financial Planning
      Nestlé provides ongoing financial planning and educational programs through seminars and other resources.


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    • Your Life

      Time . . . it is our most precious commodity and we would all like to have more of it. That is why Nestlé offers Work/Life benefits to help employees manage their time in meeting the demands of work and family.

      Current options include:

       

      Holidays

      Nestlé provides a minimum of 10 regular paid holidays each year (dates vary by location).

       

      Paid Time Off (PTO)

      Employees earn paid time off each month to use for vacation, family illness, medical necessity or personal reasons.

       

      Sabbatical Leave

      Under certain circumstances, employees can take an extended leave from work to pursue educational, political, community or personal interests.

       

      Parental Leave

      Birth/adoptive fathers and mothers can take one week of paid leave within six months of a birth or adoption.

       

      Workplace Flexibility

      FlexTime allows eligible employees to vary their work schedules around standards set by management. In addition, Telecommuting enables eligible employees to work from a different location, perhaps home or another facility.

       

      Professional Business Casual Dress

      Nestlé provides a comfortable work environment where employees may choose business casual or traditional business attire.

       

      Educational Assistance

      Reimbursement is available for tuition, books and other required fees for approved courses up to a maximum allowance.

       

      Scholarship Program

      Nestlé supports a Scholarship Foundation that helps employees' children with undergraduate tuition costs.

       

      Employee Discounts

      Nestlé provides access to a Web-based service that offers discounts on a broad range of products including theater and entertainment, travel and lodging, electronics, gifts, financial services, clothing and more.

       

      Voluntary Benefits

      Nestlé provides access to a Web-based service that offers consumer advice, comparative pricing and great rates on a variety of products and services, including home and auto financing, legal services, long-term care coverage, optional life insurance and pet insurance.

       

      Resource and Referral Services

      Nestlé offers LifeCare counseling, education and referral services on adoption, childcare and elder care, prenatal care, parenting, educational opportunities and other personal services.

       

      Employee Assistance Program

      This free and confidential service is designed for employees and their family members who seek professional counseling on a variety of personal or family problems.

       

      Infant Formula Program

      Employees with dependent children under 12 months of age are eligible for twelve coupons ($35 each) for Carnation Infant Formula.

       

      Adoption Assistance Program

      Nestlé provides a maximum benefit of $5,000 to cover itemized expenses related to the adoption of a child.


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