This report analyzes and compares TEXAS INSTRUMENTS' employee health insurance and employee benefits with its industry and in Texas 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
TEXAS INSTRUMENTS has top-notch 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 TEXAS INSTRUMENTS. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TEXAS INSTRUMENTS continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that TEXAS INSTRUMENTS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: TEXAS INSTRUMENTS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: extraordinary development resources are what allows TEXAS INSTRUMENTS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in extraordinary workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: TEXAS INSTRUMENTS has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: TEXAS INSTRUMENTS does not offer leadership programs.
- ONBOARDING: TEXAS INSTRUMENTS offers a superior 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: TEXAS INSTRUMENTS has a superior 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: TEXAS INSTRUMENTS has a top-notch Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at TEXAS INSTRUMENTS.
Benefit | TEXAS INSTRUMENTS | Industry | Texas |
|---|---|---|---|
| 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
TEXAS INSTRUMENTS offers superior 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 TEXAS INSTRUMENTS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TEXAS INSTRUMENTS does not offer counseling.
- DENTAL PLAN: TEXAS INSTRUMENTS offers a great 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: TEXAS INSTRUMENTS offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: TEXAS INSTRUMENTS is aware of the fact that a healthy employee is a productive employee so it offers excellent 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: To financially help its team members with medical emergencies, TEXAS INSTRUMENTS offers a solid healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: TEXAS INSTRUMENTS offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: TEXAS INSTRUMENTS has a good telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. TEXAS INSTRUMENTS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: TEXAS INSTRUMENTS 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 | TEXAS INSTRUMENTS | Industry | Texas |
|---|---|---|---|
| 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 great financial benefits at TEXAS INSTRUMENTS. 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. TEXAS INSTRUMENTS offers great life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect TEXAS INSTRUMENTS to partially cover the expenses.
- 401(K) PLAN: TEXAS INSTRUMENTS knows how important it is to think about retirement and start saving on time. That's why it offers a solid 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 TEXAS INSTRUMENTS 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, TEXAS INSTRUMENTS provides resources which will help team members decide what to do with their 401(k) plan. TEXAS INSTRUMENTS offers a solid vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: TEXAS INSTRUMENTS does not offer adoption assistance reimbursement.
- BONUS PAY: TEXAS INSTRUMENTS offers superior bonuses to team members who excel in their field of work, provide extraordinary results for TEXAS INSTRUMENTS, and encourage others to do the same.
- CHILDCARE DISCOUNT: TEXAS INSTRUMENTS cooperates with partners and team members are eligible for first-class discounts for a primary childcare.
- COMMUTER BENEFIT: TEXAS INSTRUMENTS offers excellent commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TEXAS INSTRUMENTS has a suitable 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: TEXAS INSTRUMENTS has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: TEXAS INSTRUMENTS offers a great life insurance policy to its team members for an affordable price. TEXAS INSTRUMENTS participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: TEXAS INSTRUMENTS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TEXAS INSTRUMENTS has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TEXAS INSTRUMENTS does not offer paid volunteer time off.
- PARENTAL LEAVE: TEXAS INSTRUMENTS has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TEXAS INSTRUMENTS | Industry | Texas |
|---|---|---|---|
| 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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