This report analyzes and compares FREESCALE SEMICONDUCTOR's 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
FREESCALE SEMICONDUCTOR 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 FREESCALE SEMICONDUCTOR. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: FREESCALE SEMICONDUCTOR offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, FREESCALE SEMICONDUCTOR makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: FREESCALE SEMICONDUCTOR offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: exceptional development resources are what allows FREESCALE SEMICONDUCTOR to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in exceptional workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: FREESCALE SEMICONDUCTOR has an excellent GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: FREESCALE SEMICONDUCTOR believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that FREESCALE SEMICONDUCTOR provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: FREESCALE 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: FREESCALE SEMICONDUCTOR has a superb 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: FREESCALE SEMICONDUCTOR has a valuable 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 | FREESCALE SEMICONDUCTOR | 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
FREESCALE 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 FREESCALE SEMICONDUCTOR's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: FREESCALE SEMICONDUCTOR has an exceptional counseling program for its employees and their family members. Team members are encouraged by FREESCALE SEMICONDUCTOR to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This exceptional counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: FREESCALE SEMICONDUCTOR cares about its team members' dental health so it offers an outstanding 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: FREESCALE SEMICONDUCTOR offers a valuable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, FREESCALE 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: FREESCALE SEMICONDUCTOR has a remarkable 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, FREESCALE SEMICONDUCTOR has created a top-notch maternity support program to support its expecting team members.
- TELEHEALTH: FREESCALE SEMICONDUCTOR has a solid 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. FREESCALE SEMICONDUCTOR can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: FREESCALE SEMICONDUCTOR has an outstanding Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | FREESCALE SEMICONDUCTOR | 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
FREESCALE SEMICONDUCTOR offers superior financial benefits for employees and their family members. A superior 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: FREESCALE SEMICONDUCTOR 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. FREESCALE SEMICONDUCTOR 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 FREESCALE SEMICONDUCTOR has Matching program that matches 75% of employees' contributions. Whatever FREESCALE SEMICONDUCTOR contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave FREESCALE SEMICONDUCTOR. Recognizing that every team member is unique, with specific needs and goals, FREESCALE SEMICONDUCTOR keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: FREESCALE SEMICONDUCTOR does not offer adoption assistance reimbursement.
- BONUS PAY: FREESCALE SEMICONDUCTOR 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: FREESCALE SEMICONDUCTOR cooperates with partners and team members are eligible for remarkable discounts for a primary childcare.
- COMMUTER BENEFIT: FREESCALE SEMICONDUCTOR acknowledges the fact that some team members have high commuting costs so it offers them remarkable commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: FREESCALE SEMICONDUCTOR offers a superb 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: FREESCALE SEMICONDUCTOR has an extraordinary 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: FREESCALE SEMICONDUCTOR offers a solid life insurance policy to its team members for an affordable price. FREESCALE SEMICONDUCTOR 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: FREESCALE SEMICONDUCTOR wants for its team members to lead a happy and fulfilled life so it has a solid vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: FREESCALE SEMICONDUCTOR believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why FREESCALE SEMICONDUCTOR offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: FREESCALE SEMICONDUCTOR has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | FREESCALE SEMICONDUCTOR | 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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