Woodward, Inc
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Woodward, Inc Compensation & Benefits
This page summarizes recurring themes identified from responses generated by popular LLMs to common candidate questions about Woodward, Inc and has not been reviewed or approved by Woodward, Inc.
How are the compensation & benefits at Woodward, Inc?
Strengths in retirement, healthcare, and time-off breadth are accompanied by challenges around base-pay fairness, progression pace, and incentive consistency. Together, these dynamics suggest a robust total-rewards foundation that many value, while satisfaction with cash competitiveness varies by role and location.
Key Insight for Candidates
Woodward’s defining tradeoff is cash now vs. long-term value: base salaries and raises can feel modest, while retirement and benefits are unusually rich (match plus an additional 5% company stock contribution into your 401(k)). It matters because cash-oriented candidates may feel underpaid, but tenure amplifies total rewards.Evidence in Action
- 401(k) Match Plus Stock — Documented benefits policy: the 401(k) plan matches up to 4.5% and adds an extra 5% annual Woodward stock contribution into employees’ accounts, with immediate vesting on the match. This boosts total compensation and long‑term savings, rewarding tenure and encouraging retention.
- Tuition Assistance $5,250 — The Tuition Assistance Program provides up to $5,250 per year and is paired with defined learning pathways. Employees can pursue education with lower out‑of‑pocket costs, accelerating skill growth and internal mobility while increasing the perceived value of total rewards.
Positive Themes About Woodward, Inc
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Retirement Support: Feedback suggests the retirement program combines a 401(k) match with additional company contributions and ownership opportunities, strengthening long-term rewards. Profit-sharing and an employee stock purchase plan further expand savings options.
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Healthcare Strength: Core coverage spans medical, dental, vision, life insurance, and disability, and is frequently characterized as comprehensive. Well-being programs and assistance resources add depth to the health offering.
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Leave & Time Off Breadth: Paid holidays, vacation/PTO, and paid maternity/paternity leave are included. The ability to purchase additional vacation in some cases broadens time-off flexibility.
Considerations About Woodward, Inc
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Unfair & Opaque Compensation: Pay is often characterized as average to slightly below market in some roles and locations, and management pay is occasionally viewed as misaligned. Concerns about how pay is set and communicated contribute to perceptions of inequity.
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Stagnant Pay & Limited Progression: Merit increases are described as modest, and raises are often tied to promotions that can be infrequent. Over time, this dynamic can leave compensation trailing market movement.
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Weak & Unreliable Incentives: Variable pay elements such as annual bonuses are portrayed as modest or inconsistent. This limits the impact of incentives in elevating overall cash compensation.
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