Rewards
Celanese has a compensation system that takes into consideration each employee’s individual performance, professional expertise, and areas of responsibility and experience.
The main components of our rewards systems are base salary and bonus. The employee’s position, responsibilities and individual performance determine the base salary.
The bonus reflects both the company performance versus goals that are set, as well as having a component for employee performance during the year.
Benefits
Celanese employees in the US (non-union) are eligible for the following benefits and programs:
| Employees and their dependents are eligible to enroll for medical coverage to be effective on the first day of full-time employment.
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| Employee pre-tax contribution is required.
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| Employees and their dependents are eligible to enroll for dental coverage to be effective on the first day of full-time employment.
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| There are two dental plan coverage options.
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| The option chosen determines the amount of employee’s pre-tax contribution.
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Family Protection Plans/Life Insurance
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All full-time employees are eligible for the Family Protection Plan, which consists of several programs designed to provide benefits to an employee’s family in the event of death or a severe physical loss. The Family Protection Plan consists of the following benefits:
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Basic Life Insurance and Accidental Death and Dismemberment Insurance Coverage
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Voluntary Term Life and Voluntary Accidental Death & Dismemberment Insurance
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Dependent Life and Dependent Accidental Death & Dismemberment Insurance
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Business Travel Accident Plan
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Health Care Spending Account
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| Allows employee option to set aside $100 to $2,500 of annual pay before taxes to cover out-of-pocket health care expenses.
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Day Care Spending Account
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| Allows employee option to set aside $100 to $5,000 of annual pay before taxes to cover out-of-pocket dependent-care expenses while you and your spouse work or attend school full-time.
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Salary Continuation (Short Term Disability)
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| Provides protection from loss of wages should employee need to be absent from work because of personal illness or injury.
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| Benefits are based on length of service, with maximum of full pay up to 26 weeks for employee with one year or more years of service.
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| No cost to employee.
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| Basic coverage provides 50% base pay replacement for all employees at no cost.
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| Enhanced Coverage may be elected at employee expense; provides 66 2/3% base pay replacement.
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| The Plan is a defined contribution retirement plan, otherwise known as a 401(k) plan.
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| Provides an opportunity for saving on a tax-deferred basis. For every dollar contributed to the Plan (up to 5% of pay), the Company will make a dollar-for-dollar matching contribution each pay period.
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| Employees may save 2% to 80% of eligible pay on a before-tax basis, an after-tax basis, or a combination of both, up to the IRS limit.
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| Employees are vested in matching contributions after three years of service.
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| Multiple investment options are available.
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| The Plan is a defined benefit retirement plan that provides a benefit upon retirement or termination of employment.
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| The Plan is a “cash balance plan.”
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| Each plan year the Company credits 5% percent of eligible pay to a notional plan account established on the employee’s behalf and credits that account with interest.
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| Employees are vested after five years of service.
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| Vacation eligibility based on length of service beginning with one week of vacation in the first year of employment and two weeks in the second year, up to 5 weeks of vacation beginning with the 20th year of service.
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| Provides a period of unpaid leave to eligible employees who need time to care for a newborn or newly adopted child, or to care for a seriously ill spouse, parent or child.
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| Provides referral assistance to employees for child care, education, adoption, elder care, Parenting Information, Personal Growth, Financial Assistance, and many other services and online tools.
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Adoption Assistance Program
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| Celanese will reimburse an eligible employee for some expenses associated with the adoption of a child.
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Employee Assistance Program(EAP)
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| Provides employee and eligible dependents assistance from a professional counselor to deal with personal issues.
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| Employees and their dependents are eligible for a certain number of visits per year at no cost to the employee.
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Military Leave: Reserve/National Guard
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| Provides pay allowance and time off for two weeks’ “annual training.”
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Military Leave: Involuntary Call-Up
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| Provides six months’ pay differential between employee’s regular base pay and employee’s basic military pay during the leave of absence.
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Additional Voluntary Benefits
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| Group legal
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| Special group rates for car, home and personal property insurance
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| Long-Term Care
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| Voluntary Vision Plan
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