At Molycorp, our employee’s quality of life — now and in the years to come — is important to us. As a full-time employee, you’ll be offered a competitive and comprehensive Total Rewards Program. It includes a variety of options to preserve your health and well-being, help secure your financial future, and enjoy more out of life!
Your Health and Well-Being
Molycorp knows your employee benefits package is extremely important to you. New employees can enroll in our benefits program on the first day of the month following date of hire. We believe benefits should meet your and your family’s needs, as well as be affordable, which is why we pay a substantial share of the benefit plan costs, which include Medical, Dental, and Vision Plans.
Life presents complex challenges. That’s why our employee assistance program, includes up to three face-to-face counseling sessions per occurrence per year. Financial, legal, and work-life consultations are also available by phone.
Molycorp provides flexible spending accounts (FSAs) to allow you to set aside pre-tax dollars from your paycheck to pay for eligible health care expenses not covered by insurance as well as eligible dependent day care expenses.
Building Your Financial Security
At Molycorp, we offer our employees several ways to ensure their futures are bright.
- Our Pay for Performance compensation package includes competitive wages. Each employee has an influence on the value of their total compensation through job performance and the choices that they make.
- When Molycorp does well, we all do well. Incentive pay through the Annual Incentive Pay (AIP) plan is based on reaching individual and company goals. AIP targets depend upon your pay grade, and all employees are eligible for the incentive pay plan.
- Our above-market 401K Plan includes a generous company matching component. Eligible employees may enroll the first day of the month following date of hire.
- Other Plans include: Company-paid Basic Life and Accidental Death & Dismemberment (AD&D) Voluntary Life and AD&D Insurance, Short-Term Disability, Long-Term Disability Business Travel Accident Insurance, and an Employee Assistance Program.
Time Off Programs
Time-off programs help our Molycorp family maintain a healthy work/life balance. Time off is an important part of our culture. Renewing spirits through a healthy work/life balance is encouraged through earned time off and includes vacation pay, sick pay, 10 paid holidays.
Your Development and Educational Assistance
Molycorp’s high performance culture is supported by development activities, coaching, and a performance management system. Your performance goals and development plan are established annually, with on-going conversations with your manager. Our Educational Assistance program provides employees with the opportunity to get financial support to pursue higher education. The course of study can be aimed at growth in the current job or possibly for a change of career with Molycorp.