Pros
Pros 1. There are plenty of opportunities for advancement and growth for entry level employees. Paccar is very focused on getting the job done with as little expense as possible, therefore, they will often hire internally because they can save 5-$10,000 annually hiring someone who has less experience internally rather than hiring someone externally. This provides a great way for people on the floor to get promoted from within. 2. Paccar has decent health care benefits and a great 401k company stock match. Your 401k is matched annually with company stock up to 5%. You are fully vested and you can contribute 30 days after you hire in (company match begins 1 year after hire date). 3. PACCAR provides tuition reimbursement @ 50% with no annual limit. This applies to any level (Associates, Bachelors, Masters or Doctorate). They also provide an additional cash bonus for completing an advanced degree, (Masters or Doctorate) although; you can only take advantage of it once. 4. Paccar also has a GREAT relocation package if you can get approved for one. They pretty much take care of everything and provide you with some cash to make the transition easier. 5. There are alot of other little benefits such as cell phone plan discounts, computer purchase programs, software discounts, etc.)
Cons
Cons 1. There is an over emphasis on degreed employees. There is an obvious glass ceiling for employees without Bachelors or Master’s degrees. 2. Paccar often does not pay salaries that are commensurate with responsibilities. For example, Paccar may pay 40,000 a year for what many other companies are paying 50-55,000. 3. There is an obvious lack of employee development for the non-managerial/executive level. 4. Paccar often does not reward high performing employees. Often the differences in raises for performance evaluations for those that meet expectation and exceed expectations are minimal or non-existent at best.