Owens Corning Benefits
Owens Corning employees are extraordinary - 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.
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.
Take Charge, Live Well
OC’s wellness program, Take Charge, Live Well provides employees and their covered adult dependents with resources to help better manage their health. Programs include Lifestyle Health Coaching, Condition Management, Annual Health Assessments, and Future Footsteps – Maternity Management. For some programs, incentives for participation are also provided.
Full-time employees receive $50,000 of basic life insurance coverage from Owens Corning.
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.
The health care spending account allows you to set aside from $120 to $5,000 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.
Additional Benefits
If you’re a transferring employee or a new hire, you may be eligible to receive OC’s relocation assistance for homeowners and renters. 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.
Owens Corning provides access to a number of voluntary programs, including:
- Group universal life insurance
- Personal accident insurance
- Long-term care insurance
- Critical illness insurance
- Auto/home insurance
Full-time employees are eligible for OC’s educational refund benefit. You can receive reimbursement for approved job- and business-related courses that allow you to achieve or maintain a level of performance necessary for your current assignment and/or career development.
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)