The benefits listed below are available to our full-time, salaried employees. Benefit eligibility varies for part-time, hourly, and temporary employees; eligibility is based on the type of position, the number of hours worked, and tenure.
Sharing our success with employees provides an important incentive for maintaining the quality of our services. Ownership by employees provides a stable organizational framework for long-term growth and development. Each year since 1977 Westat has allocated shares of stock to employee-participants. Annual stock contributions range between 3 and 5 percent of an employee's compensation.
401(k) Tax Deferred Retirement Plan
The 401(k) is a defined contribution profit-sharing plan that is designed to provide tax-deferred, retirement-oriented benefits to participants. We contribute each year to all eligible accounts. Westat contributes 5 percent of an employee's compensation each year along with a partial matching contribution. Numerous investment options are available through T. Rowe Price & Associates, and rollovers are accepted from qualified previous employer plans.
Staff Bonus Plan
Teamwork and cooperation are integral to the success of our business and we reward that effort with a bonus program. Employees receive cash payment in December based on the overall success of the company.
Paid Leave. Westat provides employees with vacation time, sick leave, holiday time, and administrative leave for special situations such as jury duty, bereavement, and inclement weather.
Unpaid Leave. Unpaid leave includes leave without pay, part-time pay, and Family Medical Leave Act (FMLA) leave.
Health, dental, life, travel accident, long-term disability, and a flexible benefits program (Flex Plan). All these programs are available to employees to fit their particular personal or family needs.
Professional Development Reimbursement
Professional development is important to us so that we stay on the cutting edge of the research industry. Employees can take advantage of educational programs (tuition and textbook reimbursement), professional conference attendance, professional association membership (dues and subscriptions), as well as in-house technical training.