|Otis recognizes that our employees' quality of life is critical to our success as a company. That is why we provide a comprehensive benefits program to assist our employees in reaching their fullest potential at work and home. We provide medical, life insurances, retirement and health plans, and paid holidays and vacations. Otis also has one of the best company-sponsored employee education programs in the world. The full cost of tuition, academic fees and books is paid by the company. Employees are granted time off to study. Shares of UTC common stock are awarded for successful completion of a degree program. |
|STATUTORY & SUPPLEMENTAL BENEFIT PLANS|
Statutory Benefit Plan
We act in compliance with the country rules and regulations to pay for the employer social security insurance contributions, which are including but not limited to:
- Pension Fund
- Work-related Injury
- Housing Fund
Supplemental Medical Insurance Plan
In addition, Otis choice flexible benefits program provides valuable financial protection to you and your family. Coverage begins from your commence date of employment. Our medical plans offer both routine and necessary health care coverage. Our life insurance and accident benefits offer you and your family financial protection if you die or are seriously injured in an accident. Life insurance is also available for your dependents.
EMPLOYEE SCHOLAR PROGRAM
"Our goal is to have the best educated work force on the planet." UTC Chairman George David Announcing UTC's Employee Scholar Program
Those words sum up UTC’s main reason for one of its best employee benefits and one of the most comprehensive employer-sponsored education programs in world.•
UTC pays for tuition, academic fees and books at approved educational institutions. .
The program is available to our global workforce.
Payments are made directly to the educational institution to minimize out of pocket costs.
Employees can obtain a degree in any field, whether or not it is related to their job.
Partner universities deliver programs at our locations to provide work-life flexibility.
Eligible employees can receive up to three hours of paid time off to study per week.
UTC has invested more than $850 million to further our employees' formal education. Since 1996, more than 28,000 degrees have been earned by employees in over 50 countries. However, ESP is more than just a story based on numbers. It is about the investment that UTC makes in its people as a way of attracting and retaining a motivated and engaged workforce. Global full-time and part-time UTC employees are eligible for the program after one year of continuous service. Currently, there are over 15,000 employees participating in ESP.
As a significant corporate partner with the communities in which we operate, Otis proudly supports and encourages our employees to volunteer in activities that improve the lives of others, protect the environment and promote health and safety in their communities.
- Business casual dress.
- Flexible work hours and part-time and alternate work schedules.
- Other supplemental allowance.
- Otis realizes the need for and importance of time off and we provide our employees with:
- Vacation - Up to two weeks paid in the first year. You may purchase one to five additional vacation days at the open enrollment following your date of hire.
- Holidays – A statutory 11 paid holidays.
- Liberal sick leave program.