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Headquarters:
1000 Stanley Drive
New Britain, CT 06053
Employees: 17,600
CEO: John Lundgren
Stock Symbol: SWK
Website:
http://www.stanleyworks.com
Career Site
Stanley Works is a worldwide supplier of
tools, hardware and security solutions for professional, industrial
and consumer use.
The company is best known by Americans
for its tape measures, hand tools, locks and garage door openers.
Products for industrial use include: Industrial hand tools and
tool boxes, professional and industrial mechanics tools, electronic
diagnostic tools, pneumatic fastening tools and fasteners, hydraulic
tools, shearers, breakers and crushers.
In 2006, Stanley Works reported revenues
of $4.0 billion and net income of $289.5 million.
The company is a member of the S&P
500.
History
In 1843, an enterprising businessman named
Frederick Trent Stanley established a little shop in New Britain,
CT to manufacture door bolts and other hardware from wrought
iron. Stanley's Bolt Manufactory was only one of dozens of small
foundries and other backyard industries in town struggling to
make a go of it by turning out metal products.
But Stanley possessed a special innovative
spirit and an uncommon passion for doing things right and his
modest enterprise prospered and grew as The Stanley Works.
The company stills bears not only Frederick
Stanley's name but also the spirit and passion that drove him
to succeed where others failed. The essence of that drive was
summed up in 1877 by a widely read trade publication, Asher &
Adam's Pictorial Album of American Industry:
"The secret of this company's success
is an open one -- all who will may avail themselves of it, and
all who do so will succeed -- one word tells it all and that
one word is -- Excellence."
Benefits
FINANCIAL SECURITY
The Stanley Account Value Plan offers the
tools you need to help you create a retirement investment strategy
that's right for your unique retirement goals.
Choice Account - 401(k)
With this account, you choose how much to contribute to your
retirement savings and how to invest your contributions. There
are several investment options/funds available, including Stanley
Stock. You contribute through convenient pre-tax or post-tax
payroll deductions, 1% to 15% of your pay. Stanley matches 50
cents for every pre-tax dollar you contribute, up to 7% of your
annual earnings.
HEALTH CARE PLAN
The Stanley Health Care Plan benefits are
designed to give associates the best quality care possible, at
a reasonable cost.
Medical
Our medical plan gives you comprehensive coverage through a network
of preferred physicians.
Dental
Choose from a comprehensive plan or a dental HMO plan (available
in certain states). Our plans pay 100% (no deductible) for preventive
treatments like exams.
Eyewear Program
Our associates and their dependent are eligible for a preferred
pricing eyewear program, which provides you substantial savings
on frames, lenses, contacts and accessories. Eye exams are covered
at preferred providers.
Pretax Health Care Reimbursement
You may elect to participate in Stanley's Health Care Reimbursement
Account to help pay for certain IRS-approved medical, dental,
and/or vision expenses that are not reimbursed by your medical
or dental plan. You are able to set aside a specific dollar amount
to be deducted from each paycheck on a pre-tax basis.
FAMILY SECURITY
Standard benefits:
Group Life Insurance
Stanley pays the full cost equal to your benefits compensation
amount. Your benefits compensation is equal to 1 times your annual
earnings which is updated each September 1st for the next calendar
year.
Accidental Death & Dismemberment
(AD&D)
Pays up to twice the basic life amount.
Business Travel Assistance
Associates who travel on company business are covered for the
following: business travel accident, accidental dismemberment,
medical assistance & evacuation, legal assistance and lost
luggage.
Short-term Disability (STD)
Stanley pays the full cost of this benefit, which is based on
an associate's length of service for disabilities unrelated to
work.
You may augment your standard benefits
with any of the following:
Long Term Disability (LTD)
You can receive LTD coverage, which pays 60% of your benefits
compensation amount.
Voluntary Life Insurance
You can purchase additional life insurance equal to 1-3 times
your benefits compensation amount.
Dependent Life Insurance
Plans are available for your spouse and eligible children.
In addition to the benefits described above,
Stanley also offers the following valuable programs:
Paid Time-Off
Vacation, holidays, diversity days
Educational Assistance
Tuition assistance available for approved graduate and undergraduate
courses.
Student Scholarships
The Stanley Sons and Daughters Program is available to children
of Stanley associates. Applies to two- and four-year colleges,
as well as vocational/technical institutions.
Employee Store
Our associates store offers Stanley's complete line of consumer
products and apparel at discount prices.
Employee Assistance Program (EAP)
The EAP helps you deal with a wide range of important life issues.
The confidential, 24-hour, counseling and referral service assists
you with family, marital, financial or legal issues. Child and
elder care assistance is also offered.
Adoption Allowance
Adoption allowance of $2,000 per child; additional reimbursement
for children with special needs; foster parent assistance.
Pre-tax Dependent Care Reimbursement Account
You may elect to participate in Stanley's Dependent Care Reimbursement
Account to help pay for certain IRS-approved child care services
or adult dependent day care services.
Matching Gifts
Stanley matches cash contributions given by Stanley associates
to a variety of charities, organizations and schools.
Updated July 5, 2007
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