The Raymond Corporation
The Raymond Corporation Compensation & Benefits
This page summarizes recurring themes identified from responses generated by popular LLMs to common candidate questions about The Raymond Corporation and has not been reviewed or approved by The Raymond Corporation.
How are the compensation & benefits at The Raymond Corporation?
Strengths in healthcare, benefit breadth, and retirement features (including profit sharing) are accompanied by challenges in lean time‑off policies, modest retirement generosity, and limited pay growth in some areas. Together, these dynamics suggest a total rewards package that is competitive on core benefits but may feel less generous in time off, retirement match, and compensation progression depending on role and location.
Key Insight for Candidates
Tradeoff: Strong, affordable health coverage and profit sharing versus a relatively low 401(k) match and lean, limited‑carryover PTO. Great for candidates prioritizing predictable healthcare costs and bonus upside, but less attractive if you value high retirement matching and generous time off.Evidence in Action
- Profit Sharing and 401(k — Recurring employee feedback cites a 401(k) match at 25% of the first 5–6% of pay, plus an annual profit‑sharing contribution tied to company performance. This structure boosts retirement savings beyond base pay and sets clear expectations for performance‑linked year‑end rewards.
- PTO Accrual Discipline — Documented PTO accrual and carryover policy starts at two weeks of vacation, with limited rollover (“use‑it‑or‑lose‑it”) and time off beginning to accrue upon hire. This encourages proactive scheduling to avoid forfeiture but can constrain flexibility early in tenure.
Positive Themes About The Raymond Corporation
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Healthcare Strength: Health coverage is repeatedly described as very good or affordable, with multiple plan options available. Feedback suggests the medical, dental, and vision lineup meaningfully bolsters overall compensation value.
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Retirement Support: A 401(k) with company match is offered alongside a profit‑sharing component in profitable years. Feedback suggests these features add long‑term value to total rewards even as details can vary.
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Flexible Benefits: Benefit menus include HSAs/FSAs, wellness support, tuition assistance, and optional add‑ons like legal and pet insurance. Feedback suggests the breadth of choices allows tailoring coverage to individual needs.
Considerations About The Raymond Corporation
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Limited Leave & Time Off: Starting PTO is described as conservative with limited carryover, and paternity leave is characterized as very short. Feedback suggests time‑off policies may feel tighter than peers.
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Inadequate Retirement Support: Some accounts describe a modest 401(k) match and note that a prior pension is no longer available. Feedback suggests the retirement formula may feel less generous than desired.
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Stagnant Pay & Limited Progression: Annual increases are characterized as small or inconsistent in certain roles, with concerns that compensation can lag in specific departments. Feedback suggests progression and adjustments may not keep pace with expectations.
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