Benefits of Working at Novanta
Novanta is committed to helping our employees live better lives. Live Well. Be Happy.
At Novanta, we believe that employees are our most important asset. We provide a variety of health benefits, financial plans, and other services designed to make life better – both for our employee and their families. Here is a summary of our benefits for U.S. employees.
Keeping Employees and their Family Healthy
Medical, Dental and Vision: Our competitive health benefits are offered from top rated companies: Blue Cross Blue Shield, Delta Dental and EyeMed. Each benefit plan provides you with options based on the needs of you and your family and a full range of coverage.
Health Savings Account: Novanta contributes an annual lump sum contribution to employee’s HSA account.
Flexible Spending Account: We offer both healthcare and dependent care FSA plans which provide tax advantages.
Telemedicine: 1800MD provides employees fast and convenient access to quality healthcare 24 hours a day, 7 days a week.
Employee Health Clinic: Novanta has an onsite Employee Health Clinic in its Bedford, MA facility that provides acute care and health coaching to all employees. There is also a Health Clinic in our Mukilteo, WA facility that provides health coaching. For all other U.S. locations, a health coach is available to offer health coaching services.
Plan for the Unexpected
Life and AD&D Insurance: Novanta pays for basic life and AD&D insurance at 2 times salary as well as an opportunity to purchase additional insurance at competitive prices.
Income Protection: Novanta understands the significance of having its employees take paid time off to care for his or her own serious health condition, to bond with a new family member, or to care for a sick or injured family member. The Novanta Paid Medical, Parental and Family Leave Policy (PMPFL) provides up to 16 weeks of paid leave (at full pay) for a qualified parental or family leave and up to 20 weeks of paid leave (at full pay) for a qualified medical leave. We also offer a Long Term Disability program to provide employee income protection in the event of an illness and injury and are unable to work.
Personal Insurance Programs: Novanta offers an opportunity to enroll in supplemental plans to enhance and complement the existing benefit plans.
Helping Plan for Tomorrow
Retirement: Our 401(k) plan offers a variety of investment options and provides up to 5% in company matching contributions. The company match is always 100% vested.
Time Off: We encourage our employees to take time to recharge and enjoy life outside of work. Novanta provides a flexible policy for exempt employees to take paid time off when they need it (includes vacation, bereavement, jury duty, sick, community service and all other personal business). Non-exempt employees are provided with paid time off based on length of service. We also provide all employees with 10 paid holidays each year.
EAP: There are times when everyone needs a little help or advice. Our confidential EAP program can help you and your family with stress, legal issues, parenting questions and much more. This benefit is free to all employees and their families.
Being Part of the Team
Young Professionals Group: Provides Novanta young professional employees the opportunity to develop professionally, socially and civically through mentoring and professional development programs, social events and charitable activities.
Seasonal Celebrations: Annual summer events and holiday parties allow employees to enjoy time with employees away from work.
Local Charities: Novanta believes in giving back. We support and participate in select local and national charities.
Tuition Reimbursement: Novanta helps employees continue their education by reimbursing tuition for approved courses and degree programs
Employee Discount Programs: Local and national employee discount programs offered.