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 year | 81 |
| 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 sites | 17 |
| Website | 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 PTO | 26 |
| # 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 growth | 3% |
| # of job applicants | 23,000 |
| Avg. # of applicants per opening | 40 |
| FT voluntary turnover | 5% |
| Jobs filled internally | 23% |
| Jobs filled by referral | 35% |
| # New graduates hired | 114 |
