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Our Total Rewards philosophy includes a competitive base salary, benefits, incentives, and stock options. This package recognizes and rewards an individual's long-term, continued contribution to the realization of our corporate goals while reflecting our corporate values. That's why you will see programs that not only reflect our commitment to our employees, but also our sense of responsibility toward our community, shareholders, and quality of life.
Highlights of our Total Rewards program for eligible U.S. employees include:
Insurance Coverage
We offer comprehensive coverage to provide qualified employees and their families with financial protection when they need it most.
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Medical/Dental/Vision/Prescription
We offer a choice of medical plans. Spouses,
domestic partners, and dependents up to the age of 23
are eligible for the chosen coverage and employee contributions
are made on a pre-tax basis.
Plans include special discount programs for nutritional
counseling services, vitamins, and certain health related
products.
Coverage is effective on date of hire. |
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Life, AD&D, Short Term Disability, Long Term Disability
We pay the full premiums for these plans.
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Voluntary Life and AD&D Coverage
Employees have the option of purchasing supplemental coverage for themselves and their dependents.
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Employee Assistance Program
Our "Life Balance" program offers employees and members of their household access to free confidential resources including child care and elder care locators, health assessments, financial calculators, published materials and counseling services.
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Travel accident and travel assistance
Employees traveling on business have additional AD&D coverage, as well as services including assistance with lost luggage or travel documents, and international access to Western-style medicine.
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Time Off Benefits
Our unique combination of vacation accrual, floating holidays, and holiday closures provides eligible employees who work a full calendar year with a combined minimum total of 24 paid days off a year - and that amount increases with each year of service. |
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Paid vacation
Vacation accruals increase with each year of employment, to a maximum earning of 20 days per year. |
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Paid company and floating holidays
We observe 9 holiday closures per year. Five floating holidays per year give employees the flexibility to observe other holidays or to take personal time off. |
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Sick leave |
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Leaves of absence
Time off may be granted for medical, family, or personal reasons. |
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Community Time Investment
Employees are provided up to 8 hours of paid time off per
year for pre-approved volunteer work. |
Savings and Convenience Programs
We offer a variety of programs to meet our employees' individual needs. |
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Employee Stock Purchase Plan
This program provides the opportunity to purchase CTI stock at a discount through payroll deductions. |
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401(k) plan
Participants may contribute from 1-80% of base pay, up to the IRS annual limit, to save for retirement. |
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Pre-tax medical and dependent care flexible spending
plans
Participants may increase their take home pay by setting aside up to $5,000 on a pre-tax payroll deduction basis for medical and/or dependent care flexible spending accounts. |
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Educational Assistance Program
We value our employees and their professional development and offers tuition reimbursement to enhance job performance and to help our employees prepare for future career opportunities within CTI. |
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On-Site training
Our IT department offers convenient on-site classes for software used in
day-to-day job functions. Occasionally, IT also offers brown bag seminars
on a variety of subjects determined by interests or surveys on topics of
interest. |
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Scholarship program
This program is in place to invest in the higher education of CTI's children. |
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Commute trip reduction program
Subsidized parking - including free carpool parking, 100%
subsidized bus pass, or monthly incentive to walk or bike
to work for employees based at corporate headquarters.
Our guaranteed ride home program with emergency taxi service
is also available to those who find an alternative to driving
to work in a single occupant vehicle. |
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Complimentary pick up and delivery for dry cleaning and laundry is provided. |
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The CTI Store offers a variety of logo items available
at cost. |
Health and Wellness Programs
To keep programs fresh and current, we try to vary some
of our offerings each year. In 2005, our "Active for
Life at CTI" wellness program earned national recognition
after receiving Employee Services
Management Association's Innovative Program Award. Highlights
of the program included wellness
fairs, on-site personal training consultations, and
healthy cooking classes. |
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Brown bag wellness seminars
Topics typically address nutrition, fitness, or work-life balance. |
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Discounted health club memberships |
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Flu shots
When available are scheduled on-site at corporate headquarters
for employees and their adult dependents. |
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Nursing room for new mothers |
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Shower rooms |
Recognition & Incentives
These programs are designed to recognize and reward employees for characteristics and efforts that support our value statements and company objectives. |
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Annual cash bonus
This short-term incentive is paid out based on successful achievement of key company objectives. |
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Stock options - new hire and performance
A long-term incentive plan creating an opportunity for employees to share in the success they help to create for CTI. |
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Individual and team award programs in parallel with our
company culture and values. |
Employee Activities
A dedicated group of employees at our corporate headquarters
organizes social and community events
each year. A sampling of past events includes: |
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Socials
Interact with colleagues at coffee carts, breakfasts, or make your own ice cream sundae, celebrate the season with a fun theme such as St. Patrick's Day or Cinco do Mayo. |
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Ronald McDonald House dinners
Each quarter a team of employees helps plan and prepare dinners for the families at Ronald McDonald House. |
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Community fundraisers
Our employees find it rewarding to give back to the community,
and their generosity has collectively supported such
programs as adopt-a-family, food drives, school supply
drives, and a variety of fun runs/walks. |
This information is only a summary of our benefits. Benefits are subject
to change. The Total Rewards program is adapted for European employees and
those of other subsidiaries to comply with the local requirements and culture.
Posted Feb. 19, 2008
Copyright © 2004-2007 Cell Therapeutics, Inc.,
Seattle, WA, USA. All rights reserved. "Making cancer more treatable" is
a registered mark of CTI.
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