This report analyzes and compares SKYWORKS SOLUTIONS' employee health insurance and employee benefits with its industry and in Massachusetts 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
SKYWORKS SOLUTIONS offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. SKYWORKS SOLUTIONS 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: SKYWORKS SOLUTIONS believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. SKYWORKS SOLUTIONS has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SKYWORKS SOLUTIONS offers top-notch coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: SKYWORKS SOLUTIONS offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SKYWORKS SOLUTIONS has a good GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SKYWORKS SOLUTIONS does not offer leadership programs.
- ONBOARDING: SKYWORKS SOLUTIONS 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: SKYWORKS SOLUTIONS has a top-notch Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: SKYWORKS SOLUTIONS has a suitable 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 | SKYWORKS SOLUTIONS | Industry | Massachusetts |
|---|---|---|---|
| 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
SKYWORKS SOLUTIONS 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 SKYWORKS SOLUTIONS's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SKYWORKS SOLUTIONS wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: Team members at SKYWORKS SOLUTIONS have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. SKYWORKS SOLUTIONS partially pays for dentures and braces as well.
- HEALTH INSURANCE: SKYWORKS SOLUTIONS offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SKYWORKS SOLUTIONS does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SKYWORKS SOLUTIONS has a first-class healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, SKYWORKS SOLUTIONS has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: SKYWORKS SOLUTIONS has implemented a superior telehealth policy for its members to use any time of the day, every single day. SKYWORKS SOLUTIONS covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: SKYWORKS SOLUTIONS provides a superior Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | SKYWORKS SOLUTIONS | Industry | Massachusetts |
|---|---|---|---|
| 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
SKYWORKS SOLUTIONS offers first-class financial benefits for employees and their family members. A first-class 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: SKYWORKS SOLUTIONS has a top-notch 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. SKYWORKS SOLUTIONS 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 top-notch SKYWORKS SOLUTIONS has Matching program that matches 75% of employees' contributions. Whatever SKYWORKS SOLUTIONS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SKYWORKS SOLUTIONS. Recognizing that every team member is unique, with specific needs and goals, SKYWORKS SOLUTIONS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SKYWORKS SOLUTIONS does not offer adoption assistance reimbursement.
- BONUS PAY: SKYWORKS SOLUTIONS offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for SKYWORKS SOLUTIONS, and encourage others to do the same.
- CHILDCARE DISCOUNT: SKYWORKS SOLUTIONS has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: SKYWORKS SOLUTIONS acknowledges the fact that some team members have high commuting costs so it offers them superb commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SKYWORKS SOLUTIONS offers a superior daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: SKYWORKS SOLUTIONS has an excellent 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: SKYWORKS SOLUTIONS has a superior life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: SKYWORKS SOLUTIONS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why SKYWORKS SOLUTIONS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: SKYWORKS SOLUTIONS recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by SKYWORKS SOLUTIONS, on volunteer work of their choice.
- PARENTAL LEAVE: SKYWORKS SOLUTIONS has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SKYWORKS SOLUTIONS | Industry | Massachusetts |
|---|---|---|---|
| 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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