100 Best Companies 2020-Cadence
Courtesy of CadenceCourtesy of Cadence

    The software company uses what it calls the Bungee Program to build diverse teams to collaborate on major projects for fixed lengths of time. The goal is to maximize original ideas, challenge employees beyond what they already know, and strengthen internal networking among disciplines. Since 51 percent of all employees are minorities and 85 percent of all jobs are technical positions, Cadence has a university scholarship program and, for those further along in their career, a new “returnship” program to bolster opportunities for women in tech. “There are a lot of different people here in terms of culture, race, and gender,” says one employee. “If the world looked like this, it would be a better place.” Read the Great Place to Work review.

    Company Info

    Rank last year73
    Years on list6
    HQ locationSan Jose, Calif.
    Employees3,024
    Job openings (as of February 2020)255
    IndustryElectronics
    Revenue, 2019 or most recent year ($M)$2,336
    Year founded1988
    Type of organizationPublic
    Number of work sites9
    Websitewww.cadence.com

    Perks

    100% health coverageNo
    Unlimited sick daysYes
    TelecommutingYes
    Job sharingNo
    Subsidized childcareNo
    Compressed work weeksNo
    Fully-paid sabbaticalsNo
    On-site fitness/subsidized gymYes
    On-site medical care facilityYes
    Non-discrimination policy includes sexual orientationYes
    Health insurance for part-timersYes
    Sick days for part-timersYes
    College tuition reimbursementYes
    Student loan debt repaymentYes
    Medical facility at all locationsNo

    Diversity

    % Women20.4%
    % Minorities50.5%
    % African-American/Black0.9%
    % Asian46.7%
    % Caucasian/White36.4%
    % Hispanic/Latino2.2%
    % Native American/Alaska Native0.1%
    % Native Hawaiian/Pacific Islander0.1%
    % Two or more races0.6%
    % Unknown ethnicity13.1%
    Date info providedAug. 28, 2019

    Paid Time Off

    PTO limit (days)15
    # Sick daysUnlimited

    Compensation

    Most common job (for salaried employee)-
    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-
    # of job applicants21,729
    Avg. # of applicants per opening29
    # New graduates hired67