Arrow is committed to the health and well-being of our employees. We seek to attract and retain employee talent by offering a comprehensive and competitive market-based benefit program that:
Considers the local environment while balancing the overall total reward package and local compliance, and
Provides employees with access to health care, income protection and insurance, retirement plans, and well-being programs, in alignment with local market practice.
In the U.S., we provide comprehensive benefits to assist employees at all stages of life. Benefits include:
- Medical and prescription drug care
- 401(k) retirement plans
- Voluntary benefits to meet individual needs
- Dental and vision coverage
- Employee Assistance Program
- Robust well-being program
- Life and disability insurance
- Telemedicine
- Paid time off, paid parental leave, and leave of absence programs
- HSA, HRA, health care and dependent care FSA
- Back-up childcare and eldercare
Arrow is committed to keeping medical plans affordable for our employees. For 2022, we increased our company contribution toward medical coverage, particularly for lower wage workers, equating to an additional $1.33 per hour. In the spirit of affordability, Arrow has three salary bands for medical contributions to further subsidize medical coverage for employees earning less than $100,000 annually. For our base plan in 2022, Arrow pays:
- 95% of the medical plan cost for those earning <$55,000
- 90% for those earning $55,000 - $100,000
- 84% for those earning >$100,000.
To support our employees’ work-life balance, Arrow workplace flexibility pilot programs are underway. Arrow recognizes the value of in-person collaboration in tandem with the benefits of flexible work arrangements and working time reduction alternatives that meet business needs and may be customary to country-specific market practice.
We want employees and their families to have easy access to tools to help navigate life’s challenges. We also recognized that caretakers face extreme challenges balancing family and work priorities, which have been compounded during the pandemic. In response, we launched back-up childcare and eldercare to all employees, providing up to ten days of subsidized dependent care each year. The program also provides virtual tutoring services and discounts at daycare centers. In addition, employees have the opportunity to participate in a tax-advantaged dependent care spending account to pay for eligible dependent care services with pre-tax dollars.
- 2 weeks with 2 floating holidays at start. Salary employees have unlimited sick days, but they are tracked, hourly employees are paid for sick days, but they are tracked closely. Salary employees usually can use their time off right away, but hourly employees usually have to wait until they earn PTO. If you start after 7/1, you only start with 1 week the first year and 1 floating holiday.
- No PTO accrual for employees as of 1/1/19. Encouraged to manage own PTO with most employees taking between 3-5 weeks annually.
- 0 weeks paid maternity leave
- 6 weeks paid maternity leave after you've worked at Arrow for 1 year
- As I understand it, this is just FMLA, not actual "maternity leave". So if you are put on bedrest early in your pregnancy you may not be protected long enough to get you to/past your delivery. I know one individual who had to come back a few days after their child was born or risk losing her job, but since it wasn't me I cannot guarantee this information. I am sure that FMLA is the only way to take time off for "paternity leave because I saw a colleague's paperwork when he had a child.
- Offers STDI for 6-8 weeks depending on type of birth and % of pay depends on pay grade and structure. Mine was 75%. Then they have additional 6 weeks of paternity leave at 100%
- 0 paternity
- 6 weeks paid paternity leave after you've worked at Arrow for 1 year
- At 100% of salary or BAR if on incentive plan
- Fully vested after 2 years with Arrow
| Benefits | Median | Average |
|---|---|---|
| Vacation Allowance(Weeks) | 3 | 3 |
| Paid Maternity Leave (weeks) | 6 | 7 |
| Unpaid Maternity Leave (weeks) | 0 | 1 |
| Paid Paternity Leave (weeks) | 5 | 4 |
| Unpaid Paternity Leave (weeks) | 8 | 8 |
| 401k Matching | Available | Available |
| Healthcare | Available | Available |
| On-Site Childcare | Not Available | Not Available |
| Flex Time | Available | Available |
