Profit Sharing Associates receive profit sharing distributions from time to time when profit goals have been reached. Many new hires are eligible for a vacation credit which maintains their current employer's vacation as long as it does not exceed Gore's vacation for the same years of service. These include medical plans, dental plans, long-term disability insurance, personal vacation days, supplemental individual life insurance, family life insurance, and health care or dependent care spending accounts. If the associate share of the purchase price of the benefits selections doesn't exceed the amount of flex dollars, the associate receives the difference as cash, which is taxable income. If the price exceeds the flex dollars, salary dollars are transferred from associate's paychecks.
All associates are eligible for a comprehensive dental plan.
While associates receive vacation based on service, they may also purchase time off in the form of personal vacation days. Up to five personal vacation days may be bought in each calendar year. To ensure that everyone is paid fairly, we ask associates to rank their team members twice a year in order of contribution to the enterprise. In addition to the numerical ranking, we invite comment on the rationale behind the ranking, as well as on particular strengths or potential areas of improvement for the associates on the list. Of equal importance, we ensure that our pay is competitive by taking part in extensive benchmarking.