This report analyzes and compares MAXIM INTEGRATED PRODUCTS' employee health insurance and employee benefits with its industry and in California 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
MAXIM INTEGRATED PRODUCTS offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. MAXIM INTEGRATED PRODUCTS believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: MAXIM INTEGRATED PRODUCTS offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, MAXIM INTEGRATED PRODUCTS makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: MAXIM INTEGRATED PRODUCTS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows MAXIM INTEGRATED PRODUCTS to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: MAXIM INTEGRATED PRODUCTS has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: MAXIM INTEGRATED PRODUCTS does not offer leadership programs.
- ONBOARDING: MAXIM INTEGRATED PRODUCTS 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: MAXIM INTEGRATED PRODUCTS has a remarkable 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: MAXIM INTEGRATED PRODUCTS does not offer tuition reimbursement.
Benefit | MAXIM INTEGRATED PRODUCTS | Industry | California |
|---|---|---|---|
| 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
MAXIM INTEGRATED PRODUCTS offers first-class 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 MAXIM INTEGRATED PRODUCTS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MAXIM INTEGRATED PRODUCTS has an impressive counseling program for its employees and their family members. Team members are encouraged by MAXIM INTEGRATED PRODUCTS 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 impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: MAXIM INTEGRATED PRODUCTS offers a good 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: MAXIM INTEGRATED PRODUCTS provides an extraordinary 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, MAXIM INTEGRATED PRODUCTS offers great 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: MAXIM INTEGRATED PRODUCTS has a superb 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: MAXIM INTEGRATED PRODUCTS offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: MAXIM INTEGRATED PRODUCTS 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. MAXIM INTEGRATED PRODUCTS can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: MAXIM INTEGRATED PRODUCTS has an exceptional 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 | MAXIM INTEGRATED PRODUCTS | Industry | California |
|---|---|---|---|
| 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
MAXIM INTEGRATED PRODUCTS offers superb financial benefits for employees and their family members. A superb 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: MAXIM INTEGRATED PRODUCTS 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. MAXIM INTEGRATED PRODUCTS 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 MAXIM INTEGRATED PRODUCTS has Matching program that matches 75% of employees' contributions. Whatever MAXIM INTEGRATED PRODUCTS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave MAXIM INTEGRATED PRODUCTS. Recognizing that every team member is unique, with specific needs and goals, MAXIM INTEGRATED PRODUCTS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: MAXIM INTEGRATED PRODUCTS does not offer adoption assistance reimbursement.
- BONUS PAY: MAXIM INTEGRATED PRODUCTS offers superb bonuses to team members who excel in their field of work, provide extraordinary results for MAXIM INTEGRATED PRODUCTS, and encourage others to do the same.
- CHILDCARE DISCOUNT: MAXIM INTEGRATED PRODUCTS does not offer childcare discount.
- COMMUTER BENEFIT: MAXIM INTEGRATED PRODUCTS offers extraordinary 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: MAXIM INTEGRATED PRODUCTS offers a top-notch 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: MAXIM INTEGRATED PRODUCTS 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: MAXIM INTEGRATED PRODUCTS has a first-class 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: MAXIM INTEGRATED PRODUCTS wants for its team members to lead a happy and fulfilled life so it has a good 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: MAXIM INTEGRATED PRODUCTS recognizes the importance of giving back to the community so it offers a valuable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by MAXIM INTEGRATED PRODUCTS, on volunteer work of their choice.
- PARENTAL LEAVE: MAXIM INTEGRATED PRODUCTS has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MAXIM INTEGRATED PRODUCTS | Industry | California |
|---|---|---|---|
| 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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