This report analyzes and compares MICRON TECHNOLOGY's employee health insurance and employee benefits with its industry and in Idaho 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
MICRON TECHNOLOGY offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. MICRON TECHNOLOGY 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: MICRON TECHNOLOGY believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. MICRON TECHNOLOGY has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: MICRON TECHNOLOGY believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: MICRON TECHNOLOGY offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: MICRON TECHNOLOGY has a great GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: MICRON TECHNOLOGY does not offer leadership programs.
- ONBOARDING: MICRON TECHNOLOGY is aware of the difficulties that new employees might experience when they join the team. That's why MICRON TECHNOLOGY has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: MICRON TECHNOLOGY knows that dedicated team members are hard to come by so it has an impressive Recognition program for those who stand out and continually contribute to MICRON TECHNOLOGY.
- TUITION REIMBURSEMENT: MICRON TECHNOLOGY does not offer tuition reimbursement.
Benefit | MICRON TECHNOLOGY | Industry | Idaho |
|---|---|---|---|
| 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
MICRON TECHNOLOGY 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 MICRON TECHNOLOGY's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MICRON TECHNOLOGY has an excellent counseling program for its employees and their family members. Team members are encouraged by MICRON TECHNOLOGY 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 excellent counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: MICRON TECHNOLOGY cares about its team members' dental health so it offers an excellent 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: MICRON TECHNOLOGY offers a good health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: MICRON TECHNOLOGY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, MICRON TECHNOLOGY offers a valuable 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: Aware of the challenges that come with pregnancy, MICRON TECHNOLOGY has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: MICRON TECHNOLOGY has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. MICRON TECHNOLOGY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MICRON TECHNOLOGY provides a remarkable 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 | MICRON TECHNOLOGY | Industry | Idaho |
|---|---|---|---|
| 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
MICRON TECHNOLOGY 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: MICRON TECHNOLOGY knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 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 MICRON TECHNOLOGY 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, MICRON TECHNOLOGY provides resources which will help team members decide what to do with their 401(k) plan. MICRON TECHNOLOGY offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: MICRON TECHNOLOGY has a first-class Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by MICRON TECHNOLOGY.
- BONUS PAY: MICRON TECHNOLOGY offers superior bonuses to team members who excel in their field of work, provide extraordinary results for MICRON TECHNOLOGY, and encourage others to do the same.
- CHILDCARE DISCOUNT: MICRON TECHNOLOGY has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: MICRON TECHNOLOGY acknowledges the fact that some team members have high commuting costs so it offers them top-notch commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: MICRON TECHNOLOGY offers a first-class 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: MICRON TECHNOLOGY 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: MICRON TECHNOLOGY has a remarkable 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: MICRON TECHNOLOGY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why MICRON TECHNOLOGY has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: MICRON TECHNOLOGY has a superior volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, MICRON TECHNOLOGY stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: MICRON TECHNOLOGY has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MICRON TECHNOLOGY | Industry | Idaho |
|---|---|---|---|
| 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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