Employment |
Company BenefitsFrom comprehensive insurance to vacation, Texas Hydraulics offers an extensive and flexible benefits package. Here is a summary of our key programs for full time employees. InsuranceMedical & Vision - Each division of Texas Hydraulics offers a PPO or EPO type of health plan. Each plan provides a wide variety of coverage for employees and their dependents. For eligible new employees and their dependents, coverage is available first of the month following 30 days of employment. Dental - Each division of Texas Hydraulics offers employees and eligible dependents dental benefits. These include usual, customary and reasonable charges for oral evaluations, cleanings, fillings, root canals, and other dental services. Prescriptions - Texas Hydraulics medical plans have prescription coverage. Co-pays vary with Life - Texas Hydraulics provides no-cost life insurance to all employees. Coverage begins first of the month following 30 days of employment. Additional life insurance may be purchased for the employee, spouse or dependents. Disability - Benefits are also available due to disability from accident, illness or pregnancy. Paid Time OffVacations - Texas Hydraulics has a paid vacation policy that is based on years of service. Ten (five for hourly employees) days are available after one full year of service and as many as 20 days after 20 years of service. Holidays - All employees enjoy 9 paid holidays each year - New Year's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and the Friday after, Christmas Day and a Christmas floater. Sick Leave - After the first year of service, hourly employees are eligible for 1 day of paid sick time. After the second year of service, hourly employees are eligible for 2 days of paid sick time. Performance BonusAll Texas Hydraulics employees are participants in the company performance bonus program. The program is designed to reward earnings growth and high return on investment. The bonus has two parts - a cash award and an additional match to the 401K. You must participate in the 401k to receive the additional match. RetirementUpon employment, employees are eligible to join the Dover Corporation Retirement Savings Plan. Employees contribute to the plan through payroll deductions. After one year of service, the company matches 25% on the first 6% of employee contributions and will make an additional year-end match based on the company's performance (see "Performance Bonus" section).
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