ABOUT ACUSHNET COMPANY
Acushnet Company was founded in 1910 as a partnership named Peabody, Young & Weeks, but quickly changed its name to the Acushnet Process Company after the town of Acushnet, MA and the process of deresinating the Guayule shrub’s sap to make rubber. The company was originally in the business of processing rubber for sale to various businesses, including the tire industry . The company name was changed to the Acushnet Company in the 1960s.
Corporate headquarters was originally located in Acushnet, MA, but was moved subsequently to neighboring New Bedford, and in the early 1990s to Fairhaven, MA. In 1930, the golf division was launched in an attempt to make a better golf ball than those on the market at the time, which frequently had off center cores under the round exterior shell. In 1985, Acushnet acquired FootJoy, and in 1996, Cobra Golf. The rubber division, which was sold in 1994, continues today as Precix, based in New Bedford.
Today Acushnet, a wholly owned subsidary of Fortune Brands, is the largest manufacturer of golf equipment in the world. Revenues in 2005 were over $1.26 billion. The company has the #1 market share in balls, shoes and gloves on each of the worldwide professional golf tours, as well as in the on and off course golf shops. There are five product lines (balls; clubs; shoes; gloves and accessories) sold under four brand names (Titleist; FootJoy; Cobra; and Pinnacle). The company sells its products through five primary channels of distribution: on course pro shops (“green grass”); off course golf shops; sporting goods stores; mass merchants; and the corporate custom channel for logo golf balls.
ACUSHNET ON DIVERSITY
" Great achievements are not born from a single vision, but from the combination of many distinctive viewpoints. Diversity challenges assumptions, opens minds and unlocks our potential to solve any problems we may face." - Unknown Author-
In the game of golf, success is directly contigent on the ability to utilize every club to its fullest potential and make the most of every shot. We feel the same way about our business. To us, each person in the Acushnet Company family is important. We draw from diverse experiences and ideas from all of our associates. In doing so, we strengthen and improve our global perspective, and are able to provide an environment where distinct contributions and new thinking are supported and encouraged. It's a tradition we're extremely proud of. One where the myriad of voices and opinions we invite help to make us a better company, distinguished above and apart from the rest.
Acushnet Company is an equal opportunity employer dedicated to a policy of compliance with all federal, state, and local laws regarding non-discrimination in employment. M / F / D / V.
"We believe in the strength of a diverse workforce."
BENEFITS
HOLIDAYS
11 Paid Holidays
VACATION ELIGIBILITY
After 6 months - 1 week
After 1 year - 2 weeks (if hired before 7/1)
After 5 Years - 3 weeks
After 12 years - 4 weeks
After 20 years - 5 weeks
After 30 years - 6 weeks
EDUCATIONAL ASSISTANCE
Eligibility - All full-time associates, both regular and Acushnet temporary after one year of service.
Provides Reimbursement for Approved Courses as Follows:
Grade A, B 100% Reimbursement
Grade C, D 80% Reimbursement
If you take job related courses at an accredited school, Acushnet Company will reimburse you up to an annual max of $5250.00: Cost of Tuition, some lab and mandated fees.
EMPLOYEE STOCK PURCHASE PLAN (OPTIONAL)
Provides Opportunity to Purchase Fortune Brands, Inc. Common Stock via Payroll Deduction
Plan Offered through Fortune Brands, Inc.
Minimum $10 per Month. Maximum $200 per Month or 10% of Salary whichever is Greater.
Acushnet Company Pays Brokerage Commissions on Purchases Made with Payroll Deductions.
EMPLOYEE ASSISTANCE PROGRAM (EAP)
Free Confidential Counseling to Associates and Family Members (on-site/off-site)
HEALTHWISE WELLNESS CENTER
FREE Monthly Membership
ACUSHNET HEALTHCHOICE MEDICAL PLAN OPTIONS
OPTIONAL HEALTH INSURANCE PLANS
Acushnet Company currently offers five different medical plan options to choose from, each one providing different coverage levels. You will have the flexibility to make your own decisions about the coverage that best meets the needs of you and your family members.
Medical plan options are Preferred Provider Organizations (PPO’s) & Health Maintanence Organizations (HMO's) , which provide comprehensive medical benefits in-and out-of-network. The plans are administered by United Healthcare & Blue Cross Blue Shield (CA only) and offer access to a broad network of physicians and hospitals.
As an added benefit Acushnet associates have the opportunity to lower their annual medical premium by up to $1,000 through participation in Acushnet HealthWise, Personal HealthCheck Scorecard. Personal HealthCheck for new associates includes proof of Annual Physical and Tobacco Free Certification. Additional information is available on the Acushnet Company Website.
PRESCRIPTION DRUG PROGRAM – CATALYST RX
Participating Pharmacy Prescription Drugs (up to 34-day supply) costs are:
$10-generic, $25-Brand Name/Formulary, and $40 for Brand Name/Non-Formulary.
Mail Order Program for Maintenance Prescription Drugs (up to 90-day supply)
$20-generic, $50-Brand/Formulary, and $80 for Brand/Non-Formulary.
EYECARE PROGRAM
Eye-Med Vision Care Plan
Advance Eye Care Center partnership
15% discount on all eyewear
DENTAL PLAN
100 % Coverage for Preventative Services
(e.g. Cleaning X-rays)
80% Coverage for Restorative Services
(e.g. Fillings, Simple Extractions)
50% Coverage for Major Restorative Services
(e.g. Dentures, Crowns, Periodontal Scaling)
$50 deductible applies to major restorative services.
$1,500 Maximum per Member Annually
LIFE INSURANCE
$10,000 Basic/Accidental Death Company Paid Life Insurance is provided to all Associates.
Optional Supplemental Coverage of Life Only or Life Plus Accidental Death and Dismemberment are Available in the Amount of 1-5 Xs Annual Base Salary. (Rates determined by Age)
SPOUSE/DEPENDENT Life Insurance
- Spouse $5,000, Dependent Children $2,000 Each or,
- Spouse $10,000, Dependent Children $5,000 Each
FLEXIBLE SPENDING ACCOUNTS
Pre-Tax Contributions
HealthCare Account
Minimum $100 - Maximum $3,000 per Year
Use for Payment of Healthcare Expenses not otherwise covered (e.g. Co-payment on Medical and Dental Services, Contact Lenses, Deductibles etc.)
Dependent Care Account
Minimum $100 - Maximum $5,000 per Year
Use for Child and/or Elder Care
Forfeiture
Contributions to Flexible Spending Accounts are forfeited if not used by End of Year.
SALARY CONTINUATION (Exempt Salaried Associates Only)
Protection Against Loss of Earnings for Extended Absence due to Personal Illness or Non-work Related Injury.
Maximum 90 days per Calendar Year.
LONG TERM DISABILITY
Provides 60% of Base Salary (up to $100,000) after salary continuation and/or short term disability ends.
Coverage is Subject to Reduction by Social Security, Workers' Compensation, State Disability, Etc.
Supplemental LTD available at employee's cost if earnings exceed $100,000.
TRAVEL ACCIDENT INSURANCE
Acushnet Company provides Travel Accident Insurance to all associates when a death is a result of an accident while traveling on authorized Company business off Company premises. A benefit rate of 4x your annual base salary, max benefit is $750,000.
401 (K) RETIREMENT SAVINGS PLAN
Immediate Eligibility
Contribution
Subject to Annual Maximum Set by Federal Regulations
Associate and Employer Contributions are Made Pre-Tax
Vesting
Company Contributions are vested after one year of service.
INVESTMENTS IN RETIREMENT SAVINGS PLAN FUNDS ARE SUBJECT TO MARKET RISK.
DISCLAIMER: This is a brief outline of the benefit plans provided by Acushnet Company. For a complete description of the benefits, exclusions, conditions, etc., please refer to the appropriate Summary Plan Description Document. Should any question arise concerning your benefits, the applicable Summary Plan Description Document will govern.
To learn more about career opportunities with Acushnet Company, please visit their website career section.