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Sonoco Products Company

4.5
 
Benefits
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    Employer Benefits
    Lower
    Median/ Consensus
    Upper
    Corrections, Tips & Comments
    Vacation Allowance(Weeks)
    Median/Consensus:  ?
    • 1 to 5 years is 2 weeks, 5 to 15 is 3 weeks. Lower than the industry standard. Negotiate when you come in, but know that you will only get additional weeks on established company timeline.
    • New policy extends additional days per years of service, but the base is still well below modern standards.
    • New policy in 2022 starts at 10 days, adds a day/year for each of the first ten years, then one day per two years from 10 - 30. Full third week off by 5 years still, but accelerates the fourth full week by 10 years versus previous 15 years.
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    Paid Maternity Leave (weeks)
    6
    Median/Consensus:  6
    6
    • Paid Maternity is only 6 weeks.
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    Unpaid Maternity Leave (weeks)
    6
    Median/Consensus:  6
    12
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      Paid Paternity Leave (weeks)
      Median/Consensus:  ?
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        Unpaid Paternity Leave (weeks)
        Median/Consensus:  ?
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          401k Matching
          Median/Consensus:  Available
          • It is lower than the past. First 2 % is matched 100%, the next 2% is matched at 50% and if an HCE forget it you max out at being allowed to contribute 6% to your 401K. No safe harbor program in place
          • Just added for 2022 they will match the first 6% at 100%. They did take away the Sonoco Retirement Contribution which I believe was around 4% - this did not require 401K participation to receive the SRC.
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          Healthcare
          Median/Consensus:  Available
          • About average. Use of Mail order prescriptions required for routine medicine. 70% or 80% is you two options. Flex spend account. They do have a health care facility on site at Corporate Headquarters that can handle a lot of things that will bypass your copays or reduce your costs.
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          On-Site Childcare
          Median/Consensus:  Not Available
          • None is available
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          Flex Time
          Median/Consensus:  Available
          • it depends on your department and even then it depends on your boss. Not consistent or equitable.
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          Other Benefits
          • Sonoco does not offer any fertility or infertility benefits.
          • Sonoco is excited that we added fertility/infertility coverages to our medical plan for 2021!
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          What should you expect in this industry?
          Packaging
          What benefits do employers in the Packaging industry offer?
          BenefitsMedianAverage
          Vacation Allowance(Weeks)
          2
          3
          Paid Maternity Leave (weeks)
          6
          7
          Unpaid Maternity Leave (weeks)
          6
          4
          Paid Paternity Leave (weeks)
          4
          4
          Unpaid Paternity Leave (weeks)
          ?
          ?
          401k Matching
          Available
          Available
          Healthcare
          Available
          Available
          On-Site Childcare
          Not Available
          Not Available
          Flex Time
          Available
          Available
          Vacation Allowance(Weeks)
          Median:  2
          Average:  3
          Paid Maternity Leave (weeks)
          Median:  6
          Average:  7
          Unpaid Maternity Leave (weeks)
          Median:  6
          Average:  4
          Paid Paternity Leave (weeks)
          Median:  4
          Average:  4
          Unpaid Paternity Leave (weeks)
          Median:  ?
          Average:  ?
          401k Matching
          Median:  Available
          Average:  Available
          Healthcare
          Median:  Available
          Average:  Available
          On-Site Childcare
          Median:  Not Available
          Average:  Not Available
          Flex Time
          Median:  Available
          Average:  Available
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