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    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.

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    Company Info

    Rank last year71
    # of years on list
    2
    Industry
    Electronics
    Year founded1,988
    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 addresshttp://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
    no
    Offers health insurance to part-timers
    yes
    Offers telecommuting
    yes
    Offers job sharing
    no
    Offers onsite childcare
    no
    Offers compressed work weeks
    no
    Offers fully-paid sabbaticals
    no
    Onsite fitness center
    yes
    Discounted gym memberships
    no
    Onsite medical care facility
    yes
    Location of medical facility
    Only at Headquarters
    Offers college tuition reimbursement
    yes
    Max tuition
    $5,000
    Offers paid time off for volunteering
    yes
    Max PTO for volunteering
    40

    Diversity

    % Women20
    % Minorities51
    % 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
    yes
    Non-discrimination policy
    yes

    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 hired252

    Training

    Avg. hours of training per year (for salaried employee)60
    Avg. hours of training per year (for hourly employee)60