This report analyzes and compares ON SEMICONDUCTOR's employee health insurance and employee benefits with its industry and in Arizona State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
ON SEMICONDUCTOR offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. ON SEMICONDUCTOR believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: ON SEMICONDUCTOR continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that ON SEMICONDUCTOR uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: ON SEMICONDUCTOR does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: ON SEMICONDUCTOR offers first-class development resources to enable its employees to grow on a personal and a professional plan. With access to first-class intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: ON SEMICONDUCTOR does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: ON SEMICONDUCTOR does not offer leadership programs.
- ONBOARDING: ON SEMICONDUCTOR offers a superb Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: ON SEMICONDUCTOR knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to ON SEMICONDUCTOR.
- TUITION REIMBURSEMENT: ON SEMICONDUCTOR has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | ON SEMICONDUCTOR | Industry | Arizona |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
ON SEMICONDUCTOR offers top-notch health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy ON SEMICONDUCTOR's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: ON SEMICONDUCTOR does not offer counseling.
- DENTAL PLAN: ON SEMICONDUCTOR cares about its team members' dental health so it offers an impressive dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: ON SEMICONDUCTOR provides an excellent health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, ON SEMICONDUCTOR offers good health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: ON SEMICONDUCTOR offers an outstanding healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, ON SEMICONDUCTOR has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: ON SEMICONDUCTOR has implemented a remarkable telehealth policy for its members to use any time of the day, every single day. ON SEMICONDUCTOR covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: ON SEMICONDUCTOR offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | ON SEMICONDUCTOR | Industry | Arizona |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
ON SEMICONDUCTOR offers remarkable financial benefits for employees and their family members. A remarkable 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: ON SEMICONDUCTOR knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and ON SEMICONDUCTOR will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, ON SEMICONDUCTOR provides resources which will help team members decide what to do with their 401(k) plan. ON SEMICONDUCTOR offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: ON SEMICONDUCTOR has a solid Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: ON SEMICONDUCTOR has a good bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: ON SEMICONDUCTOR does not offer childcare discount.
- COMMUTER BENEFIT: ON SEMICONDUCTOR has a good commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: ON SEMICONDUCTOR offers an outstanding daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: ON SEMICONDUCTOR has an exceptional disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: ON SEMICONDUCTOR offers an excellent life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: ON SEMICONDUCTOR has an impressive vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: ON SEMICONDUCTOR believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why ON SEMICONDUCTOR offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: ON SEMICONDUCTOR has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | ON SEMICONDUCTOR | Industry | Arizona |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
Improve this report:
We have prepared ON SEMICONDUCTOR's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.