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100 Best Companies to Work For

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Methodology

To identify the 100 Best Companies to Work For, each year Fortune partners with Great Place to Work to conduct the most extensive employee survey in corporate America.

Two-thirds of a company’s survey score is based on the results of the Trust Index Employee Survey, which is sent to a random sample of employees from each company. This survey asks questions related to employees’ attitudes about management’s credibility, overall job satisfaction, and camaraderie. The other third is based on responses to the Culture Audit, which includes detailed questions about pay and benefit programs and a series of open-ended questions about hiring practices, methods of internal communication, training, recognition programs, and diversity efforts.

To register for the 100 Best Companies to Work For list, which allows participation in all our Best Workplaces lists, including Millennials, Women, Diversity, and over a dozen additional lists, go to greatplacetowork.com/100Best.

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Google/Alphabet is the No. 1 place to work for the seventh time in 10 years. Six newcomers include Veterans United at No. 30, Hilton Hotels at No. 56, and Slalom Consulting at No. 100. IKEA’s U.S. division returns to the list, along with GoDaddy and Sheetz.

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  1. Rank
  2. % Women
  3. % Minorities
  4. # New Graduates Hired
  5. # Job Openings
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Perks
100% Health Coverage
Telecommuting
Job sharing
Onsite childcare
Compressed work weeks
Paid sabbaticals
Onsite fitness center
Discounted gym memberships
Same-sex benefits
Tuition reimbursed
Volunteer PTO
Onsite medical
Insurance for part-timers
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52.

Cadence

Last year's Rank: 71
Cadence employees chatting.
Courtesy of Cadence

Maker of products for designing semiconductors that are used in PCs, smartphones, cars, and countless other electronic devices, Cadence has a remarkably low turnover rate of about 6.5% a year. What’s more, some 45% of this firm’s U.S. workforce has been here for more than ten years. That’s remarkable considering that more than half of their U.S.-based employees are based in the heart of Silicon Valley. They attribute their ability to retain folks largely on a culture devoted to innovation. The company also pays well and has the usual litany of Silicon Valley perks like dry cleaning, massage, and a gift wrapping service during the holidays. Last Cadence introduced new benefits programs to support adoption and fertility preservation. Read the Great Place to Work review here.

Company Info

Rank last year 71
# of years on list 2
Industry Electronics
Year founded 1988
CEO/Top executive Lip-bu Tan
HQ location San Jose, California
Type of organization Public
Revenue (2015 or most recent year) $1.6 billion
Web address http://www.cadence.com
Total U.S. employees 2,643
Total employees outside the U.S. 3,524
Full-time jobs added in last year 960
FT job growth in the past year 38%
Number of work sites 17

Perks

Company pays for 100% of healthcare costs
Offers health insurance to part-timers
Offers telecommuting
Offers job sharing
Offers onsite childcare
Offers compressed work weeks
Offers fully-paid sabbaticals
Onsite fitness center
Discounted gym memberships
Onsite medical care facility
Location of medical facility Only at Headquarters
Offers college tuition reimbursement
Max tuition $5,000
Offers paid time off for volunteering
Max PTO for volunteering 40

Diversity

%
% Women 20
% Minorities 51
% African-American/Black 0.9
% Asian 47
% Caucasian/White 48.7
% Hispanic/Latino 2.2
% Native American/Alaska Native 0.1
% Native Hawaiian/Pacific Islander 0.2
% Two or more races 0.7
Same-sex benefits
Non-discrimination policy

Paid Time Off (FT employees)

Holidays 11
Vacation 15
Sick days Unlimited
General PTO -
Total PTO after 5 years 33

Compensation

Most common job (for salaried employee) -
Avg. base pay (salaried) -
Avg. extra compensation (salaried) -
Total pay (salaried position) -
Most common job (for hourly employee) -
Avg. base pay (hourly) -
Avg. extra compensation (hourly) -
Total pay (hourly position) -

Hiring/Staffing

# of job openings (as of Feb. 2016) 418
# of job applicants 14,878
Avg. # of applicants per opening 18
FT voluntary turnover 7%
# of jobs filled 1,448
Jobs filled internally 124
% of jobs filled by referral 31%
# new graduates hired 252

Training

Avg. hours of training per year (for salaried employee) 60
Avg. hours of training per year (for hourly employee) 60
Fortune's Take On Cadence
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