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A maker of software that helps engineers design semi-conductors that are in such products as smartphones, thermostats and pacemakers. Cadence competes for talent with other Silicon Valley firms by offering over-the-top benefits. According to one staffer: “Employees, while working, can get their clothes cleaned, shoes fixed, get some cash for the weekend, have their car detailed and get the oil changed and have a week’s worth of ready to cook dinner delivered!” They also provide a “College Coach” to assist employees’ kids in the college selection and application process.

Company Info

CEO/Top Executive
Lip-Bu Tan
Rank last year-
# of years on list-
F500 Rank-
Industry
Electronics
Year founded1,988
Type of organization
Public
Revenue (2014 or most recent year)
$1.46 billion
Web addresshttp://www.cadence.com
Total US employees2,554
Full-Time jobs added in last year318
Number of work sites-

Perks

Offers compressed work weeks
no
Offers fully-paid sabbaticals
no
Offers paid time off for volunteering
yes
Onsite fitness center
yes
Discounted gym memberships
no
Onsite medical care facility
no
Offers college tuition reimbursement to employees
yes

Diversity

% Women19.93%
% Minorities48.12%
% African-American1.06%
% Asian43.77%
% Native Hawaiian Pacific Islander0.12%
% Caucasian or White49.80%
% Hispanic/Latino2.47%
% Native American/Alaska Native0.08%
% Two or more races0.63%
Same-Sex Benefits
yes
Non-discrimination policy
yes

Paid Time Off

Holidays
11
Vacation
15
Sick days
Unlimited
General PTO-

Compensation

Most common job (hourly)-
Avg. base pay (for hourly employee)-
Avg. extra comp. (for hourly employee)-
Most common job (salaried)-
Avg. base pay (for salaried employee)-
Avg. extra comp (for salaried employee)-

Hiring/Staffing

FT voluntary turnover6.00%
# of job applicants15,031
Avg. # of applicants per opening11
# of jobs filled1,004
Jobs filled internally371
% of jobs filled by referral40.00%
# new graduates hired37
# of job openings (as of Feb. 2015)424