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Employee Retention of Bose Corporation

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Pratik Kukreja
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Employee Retention of Bose Corporation - April 5th, 2011

Employee Retention of Bose Corporation : Bose Corporation is a privately held organization, based in Framingham, Massachusetts, that specializes in audio equipment.[2] Founded in 1964 by Amar G. Bose, the company operates 5 plants, 151 retail stores (as of October 20, 2006) and an automotive subsidiary at Stow, Massachusetts. With respect to sales in the U.S. for home audio retail and portable audio retail sales, Bose was ranked third for the period of November 2008 to April 2009.[3] Bose is known for the 901 speaker series.

Retention

At Bose, our employees are a valued resource. We have designed our benefits to offer flexibility, security and long-term value. We realize it is important that our plans provide choices to meet the needs of employees and their families. Here is a sampling of the types of benefits currently offered by Bose to eligible employees:*

Health and welfare

Our health plan includes medical, dental and vision insurance options. The medical plan offers both HMO and PPO options. We also provide the option to participate in both healthcare and dependent care spending accounts.

Employees can choose from a comprehensive selection of disability benefits, including paid sick time, short-term disability and long-term disability. Our life insurance program includes a full range of options that will enable you to cover yourself and your family.

401(k)and retirement

Bose offers a competitive retirement program that, like many companies, includes a 401(k) plan. We also offer a traditional defined benefit retirement plan, which allows you to earn a valuable lifetime benefit based on your years of service. The full cost of this plan is paid by the company.

The 401(k) plan includes an employer matching contribution that lets you accumulate additional savings for your retirement. These plans combine to provide our employees with the opportunity to plan and save for retirement.

Retirement benefits are subject to plan provisions and federal regulation.

More benefits

Bose provides a number of other exciting benefits including:

Discounts on Bose® products
Tuition assistance
Adoption assistance
Employee assistance Programs
Long-term care
Supplier discount programs including computers, cell phones, electronics, cars and trucks from vendors such as Apple, Verizon, Philips, GM and Audi
* Bose provides employee benefits to eligible employees in accordance with the terms and limitations of its benefit plans and policies, which Bose may end or change from time to time, in its sole discretion.

Your Benefits

There are many rewards to working at a Bose® retail store, including a competitive salary and sales bonus program. There are also comprehensive employee benefits and strong support for promotions within the retail store team.

Both full-time and part-time employees are eligible for our benefits. Here's a sampling of the types of benefits Bose currently offers eligible employees:

Medical and dental plans
Vision plan
Tuition reimbursement
401(k) and retirement plans

Bose® has earned a reputation as one of the largest and most technologically advanced audio companies in the world. Our product lines - which we market globally - include premium home entertainment products, professional sound reinforcement equipment, automotive sound systems and noise-reduction technology products. All of which depart substantially from the conventional audio philosophies that drive our competitors.

The fact is, we've built our reputation on innovation, and we work hard to encourage it at every level of our company. That's why we give people the ingredients they need to do their best work. The respect. The encouragement. The time. The resources. And the recognition.

As a result, Bose has nearly doubled in size over the past five years - no mean feat for a company with over $1 billion in annual sales -- and we anticipate continued growth for the foreseeable future. If you'd like to join a company that combines the challenge of research and invention, the excitement of growth, and the stability of a major corporation with a 36-year track record of success, take a closer look at Bose.

BENEFITS
Each employee at Bose plays an important role in our success and in making Bose a great place to work. Because our employees are our most important resource, we design our benefits to offer security and flexibility. The Bose comprehensive and competitive employee benefits package provides employees the ability to select their benefits to meet their own personal needs.

The Bose flexible benefits plan, Sound Choices to Fit Your Life, includes many options. Below is a list of some of the programs available for our valued employees:

Medical Plans – Bose offers medical plan options that include HMOs, a Preferred Provider Organization (PPO), and an indemnity plan
Dental Plan – Bose offers a dental plan that includes diagnostic, preventative, restorative and orthodontic services
Vision Service Plan
Short- and Long-Term Disability
Employee and Dependent Life Insurance Programs
401(k) Plan as well as an Employee’s Defined Benefit Retirement Plan
Health Care and Dependent Care Pre-tax Flexible Spending Accounts
Educational and Adoption Assistance Programs
Wellness and Employee Assistance Program
Employee Discounts on Bose Products
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Last edited by bhautik.kawa; July 19th, 2016 at 09:22 PM..
   
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