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Employees appreciate CEO Lip-Bu Tan, whose “decisive, yet caring and humble” leadership brought the software company’s stock to new heights after its recession doldrums. Plus, academic seminars “encourage innovation,” and a Bungee Program for temporary cross-department work builds a sense of “community and teamwork.” Read Great Place to Work review here.

Company Info

Rank last year81
Years on list
4
HQ location
San Jose, Calif.
Employees
2,881
Job openings (as of February 2018)400
Industry
Electronics
Revenue, 2017 or most recent year ($M)$1,943
Year founded
1988
Type of organization
Public
Number of work sites17
Websitehttp://www.cadence.com

Perks

100% health coverage
no
Unlimited sick days
yes
Telecommuting
yes
Job sharing
no
Subsidized childcare
no
Compressed work weeks
no
Fully-paid sabbaticals
no
On-site fitness/subsidized gym
yes
On-site medical care facility
no
Non-discrimination policy includes sexual orientation
yes
Health insurance for part-timers
yes
Sick days for part-timers
yes
College tuition reimbursement
yes
Student loan debt repayment
yes
Medical facility at all locations
no

Diversity

% Minorities-
% African-American/Black-
% Asian-
% Caucasian/White-
% Hispanic/Latino-
% Native American/Alaska Native-
% Native Hawaiian/Pacific Islander-
% Two or more races-
% Unknown ethnicity-

Paid Time Off

General PTO26
# Sick days
Unlimited
General PTO for part-timers
22
# Sick days for part-timers
Unlimited

Compensation

Most common job (for salaried employee)
R&D Engineer Level 5
Avg. base pay (salaried)-
Avg. extra compensation (salaried)-
Total pay for most common job (salaried)-

Hiring/Staffing (Past 12 Months)

Full-time and part-time job growth3%
# of job applicants23,000
Avg. # of applicants per opening40
FT voluntary turnover5%
Jobs filled internally23%
Jobs filled by referral35%
# New graduates hired114