This report analyzes and compares SILICON LABORATORIES' employee health insurance and employee benefits with its industry and in Alabama 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
SILICON LABORATORIES has first-class career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the SILICON LABORATORIES. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SILICON LABORATORIES continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that SILICON LABORATORIES uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a valuable coaching and mentoring program, SILICON LABORATORIES can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: SILICON LABORATORIES encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, SILICON LABORATORIES supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: SILICON LABORATORIES has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SILICON LABORATORIES believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that SILICON LABORATORIES provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why SILICON LABORATORIES offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: SILICON LABORATORIES knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to SILICON LABORATORIES.
- TUITION REIMBURSEMENT: SILICON LABORATORIES 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 | SILICON LABORATORIES | Industry | Alabama |
|---|---|---|---|
| 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
SILICON LABORATORIES 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 SILICON LABORATORIES's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SILICON LABORATORIES is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SILICON LABORATORIES implemented a valuable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: SILICON LABORATORIES offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
- HEALTH INSURANCE: SILICON LABORATORIES offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SILICON LABORATORIES is aware of the fact that a healthy employee is a productive employee so it offers outstanding health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: SILICON LABORATORIES offers an exceptional 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: SILICON LABORATORIES has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SILICON LABORATORIES has an exceptional telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: SILICON LABORATORIES 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 | SILICON LABORATORIES | Industry | Alabama |
|---|---|---|---|
| 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
Team members enjoy valuable financial benefits at SILICON LABORATORIES. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. SILICON LABORATORIES offers valuable life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect SILICON LABORATORIES to partially cover the expenses.
- 401(K) PLAN: SILICON LABORATORIES has a first-class 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. SILICON LABORATORIES provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a first-class SILICON LABORATORIES has Matching program that matches 75% of employees' contributions. Whatever SILICON LABORATORIES contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SILICON LABORATORIES. Recognizing that every team member is unique, with specific needs and goals, SILICON LABORATORIES keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SILICON LABORATORIES has a great 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: SILICON LABORATORIES has a suitable 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: SILICON LABORATORIES does not offer childcare discount.
- COMMUTER BENEFIT: SILICON LABORATORIES has a solid 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: SILICON LABORATORIES has a great daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: SILICON LABORATORIES has a valuable disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: SILICON LABORATORIES 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: SILICON LABORATORIES realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why SILICON LABORATORIES has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: SILICON LABORATORIES does not offer paid volunteer time off.
- PARENTAL LEAVE: SILICON LABORATORIES has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SILICON LABORATORIES | Industry | Alabama |
|---|---|---|---|
| 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 |
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