Aerospace Supplier (Personnel Policies)
Personnel Policies
Employees will be paid at a competitive market rate.
Compensation
Management personnel will be paid a base salary, plus an annual bonus based on the net pre-tax profit of the firm, as established by the Board of Directors.
Skilled, unskilled, and clerical personnel will receive an hourly wage with time and a half for all hours over 40 hours per week.
Skilled, unskilled, and clerical employees will receive shift differentials of 10 percent of their hourly wage for second shift and 20 percent of their hourly wage for third shift.
Hours of Operation
| Normal Office Hours (Monday-Friday) | 8am-5pm |
| First shift | 6am-2pm |
| Second shift | 2pm-10pm |
| Third shift (when needed) | 10pm-8 am |
Holidays
- New Year's Day
- Memorial Day
- July 4th (observed)
- Labor Day
- Opening day of deer season
- Thanksgiving Day
- Christmas Eve
- Christmas Day
Vacation and Other Time Off
Sick leave Sick leave is accrued at a rate of one half day per month. It shall be accumulated during the entire length of employment. Sick leave is a benefit to the employee for illness only, it will not be "cashed out" upon termination of employment. To reduce absenteeism and abuse of the sick leave benefit, employees not using sick leave during a twelve month period ending on their anniversary date will be given two additional days of vacation and a $100 bonus.
Vacation Managerial, professional, and technical employees will receive three weeks vacation per year. Skilled, unskilled, and clerical employees will receive two weeks vacation per year. At 5 years employment, each employee will receive two additional days vacation. At ten years of service, employees will receive an additional three days vacation.
Insurance The firm offers a group major medical policy for all employees. Coverage for the employee's spouse and family is optional and paid by the employee. The firm offers life insurance for managerial, professional, and technical personnel in the amount of one and a half annual base salary. Additional life insurance is available in $5,000 increments to be paid for by the employee. Key person life insurance is carried on the principals, industrial engineer, and chief accountant.
