Owens Corning Benefits
The benefits described below are designed for U.S. salaried employees. For details on benefit packages outside the U.S., please contact your Owens Corning regional Human Resources department.
Owens Corning employees are exceptional - and so is our total compensation opportunity. OC pays competitively and offers significant incentive opportunities. We also provide competitive benefits starting on your first day of work, with a range of options allowing you to choose based on your individual needs.
Owens Corning pays for performance. We offer competitive base salaries and the opportunity to earn additional compensation through our incentive pay program. Our incentive pay is designed to provide greater rewards to our high-performers - those that consistently raise the bar.
OC offers a market-competitive retirement savings plan that provides you an opportunity to build a retirement nest egg. Our 401(k) savings plan offers tax advantages and a wide range of investment options. You are also eligible for a 100 percent match up to six percent of eligible pay. In addition, OC will contribute two percent of eligible pay whether or not you contribute to the 401(k) savings plan. All company contributions are immediately vested.
The Employee Stock Purchase Plan (ESPP) provides U.S. employees the opportunity purchase Owens Corning stock at a 15 percent discount every six months. Employees who decide to enroll in the ESPP will set aside after-tax dollars through payroll deduction into an individual account at Fidelity Investments. At the end of the stock offering period, shares will be purchased using these accumulated funds. The Owens Corning ESPP provides a convenient way for employees to build wealth, become shareholders and take part in the company’s future success.
Owens Corning offers a variety of health care options to help meet your needs and those of your eligible dependents, including:
- Medical and prescription drug coverage
- Dental coverage (including orthodontia)
- Vision coverage
We’re proud of the fact that our employees pay less on average for medical coverage and for out-of-pocket costs than those at other companies.
The health care spending account allows you to set aside from $120 to $2,500 each year on a pre-tax basis to pay for expenses not fully covered by any health care plan for you and your eligible dependents. The dependent care spending account allows you to set aside from $120 to $5,000 in pre-tax dollars each year to pay for eligible dependent day care expenses.
The Healthy Living wellness program provides employees and their covered adult dependents with resources to help better manage their health. Programs include lifestyle healthy coaching, condition and maternity management, and annual health assessments and screening opportunities. For some programs, rewards for participation are also provided.
Life and Disability Protection
Full-time employees receive $50,000 of basic life insurance coverage.
If you have a qualifying disability, the short-term disability plan replaces 100 percent of your pay for 30 working days (or six weeks), and 60 percent of your pay for the remainder of your disability (up to 18 months). Long-term disability benefits of 60 percent of eligible pay begin after 18 months for qualifying disabilities.
If you’re a transferring employee or a new hire, you may be eligible to receive relocation assistance. This program can include reimbursement for home sale, transition expenses, lease cancellation, final moving expenses, and/or tax assistance.
Full-time employees receive vacation time based on length of service with Owens Corning, from one week of vacation after six months up to five weeks of vacation after 25 years. In addition, you receive 11 paid holidays each year
As an employee, you’ll have access to a number of voluntary benefit programs:
- • Group universal life insurance
- • Personal accident insurance
- • Auto/home insurance
The employee rebate program allows employees to receive a rebate of up to $2,000 every four years for purchases of OC’s wide range of products for new construction or home improvement products. At Owens Corning, your personal success is important. Our work / life policies and programs help you better manage your work and personal responsibilities. Programs include:
- • Flexible work arrangements (pre-approval required)
- • Adoption assistance
- • Employee assistance program (EAP)
- • 401(k) financial education
- • Paid and unpaid leaves of absences
- • Wellness facilities (available at some locations)
Who you are tomorrow will build on where you are today. Lifelong learning is an expectation of everyone at OC. We are committed to investing in the career growth of all employees. We realize you are unique; therefore, we believe your development plan should be as unique as you are. We’ll invest in you by ensuring you have individualized development goals along with a diverse set of learning approaches. Learning happens in many different ways, such as: formal learning programs, self-guided resources, coaching, and social collaborative approaches. But most often, learning takes place through our daily experiences. We learn as a result of our work, interaction with peers, leaders and other people.
Employees who are seeking a higher education degree and have worked for Owens Corning for at least one year are eligible to apply for the scholarship. The application period is held annually at the beginning of each year. Scholarships are awarded in amounts of $2000 or $4000 depending on the recipient’s course load. Scholarship recipients are selected based on manager recommendation, statement of career goals, demonstrated leadership, and past academic performance.
Our investment in our employees is our greatest return, come and grow your career at Owens Corning.