At Cadence, 91 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 1324 employee surveys, with a 90% confidence level and a margin of error of ± 1.66. It was published on Jul 7, 2017. 12073 Visitors

What Employees Say

Management is honest and ethical in its business practices.
94%
 
I'm proud to tell others I work here.
92%
 
I am able to take time off from work when I think it's necessary.
92%
 
People here are willing to give extra to get the job done.
92%
 
I feel good about the ways we contribute to the community.
92%
 

What They Do

We asked Cadence to explain what they do. Here is what they had to say.

Cadence provides design tools, IP, and services to enable our customers to design the newest, most innovative electronic products in industries across the world. Our products are used in the design cycle of semiconductors, board-level products, and complete electronic systems.

About this Company

Website: www.cadence.com Industry: Electronics
US Headquarters: San Jose, California, 95134 US Sites: 17
Major Locations: Chelmsford, Massachusetts; Austin, Texas; Cary, North Carolina; Columbia, Maryland US Employees: 2,881
Worldwide Revenues: $1,816.1 million Employees Worldwide: 7,126
Corporate Structure: Public Stock Symbol: CDNS
Founded: 1988

Chelmsford offsite

Perks and Programs

We asked Cadence to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • Executive Roundtables: The executive management team provides small group discussion opportunities on important topics for employees. This is open to everyone and provides a network outside the regular day-to-day unit. Approximately 1000 employees participate in these in-person executive sessions per year.
  • Cadence Recognition Program: The Cadence Achievement Awards recognize employees whose accomplishments have a substantial impact on the success of the company. Honorees receive equity grants in the $40,000 range, plus a spot bonus of approximately $5,000. Employees are recognized on stage at the Quarterly Communications meeting and during a special gathering with the CEO and executive management team. The company also encourages peer-to-peer thank you’s through a global program that spends over $1 million annually to recognize employees. The program lets any employee recognize any another employee, regardless of level, for a job well done. Accompanying the award is a gift card of $25 to $1,000. Over 90% percent of the employee population has been recognized through this program.
  • Intern and University Program: Cadence partners with top universities around the globe to donate our technology to the next-generation of EDA innovators. Cadence hires interns and recent college graduates in all areas of the business, and offers opportunities to grow in their careers while making a difference for customers and the company.
  • Parent Support: Cadence offers 8 weeks of paid parental leave for primary caregivers and 4 weeks for non-primary caregivers. Cadence also has a fertility preservation benefit and an adoption reimbursement benefit to help our employees in their family-planning efforts. Both benefits help to cover the cost of application, treatment, and support in their family planning efforts. These benefits help relieve some of the financial burden parents face when growing their family.
  • Employee Referral Program: Bonuses of up to $5,000 are awarded to employees who make appropriate referrals in the hiring process. Thirty-one percent of the company's hires are referred by current employees.
  • Cadence Cares: Cadence actively supports our employee's work-life balance through our Cadence Cares programs which enables employee giving in the communities where they live and work. Employees are given five paid days off of work each calendar year to volunteer for the nonprofit or school of their choice. We sponsor an annual volunteer campaign that gives employees at all of our sites an opportunity to engage in their community to make one global impact. In addition, Cadence also offers a Global Matching Gift program to increase contributions to the causes our employees are passionate about.
  • Growth and Development: Our High-Performance framework defines the practices and values demonstrated by leaders at each level of the company from individual contributors to executives. When employees access the High-Performance Culture Portal, they will see recommended learnings across the many development and training platforms that Cadence offers tied to each performance attribute, and targeted to their role level at Cadence. 

COMPENSATION BY THE NUMBERS

50% Match of employee’s 401(k)/403b contribution up to 6% of salary80% Company-paid health coverage for employees
80% Company-paid health coverage for dependents 80% Company-paid health coverage for part-timers
20 hours Weekly hours required for part-timers to receive health insurance $5,000 Average Tuition Reimbursement
$5,000 Maximum Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k) or 403b Program
  • Stock options
  • Employee stock purchase plan (ESPP)
  • Restricted stock units
Volunteer event with Random Acts of Flowers

WORK-LIFE BALANCE BY THE NUMBERS

26 days Paid time off after one year of full-time employment 22 days Paid time off after one year of part-time employment
Unlimited Paid sick days after one year of full-time employment 10 days Paid sick days after one year of part-time employment
26 Days Paid time off as of first day of full-time employment 22 days Paid time off as of first day of part-time employment

WORK-LIFE BALANCE PROGRAMS

  • Telecommute option
  • Subsidized On- or Off-site Fitness (67% have access)
  • Onsite Amenities (Free snacks during the day; Free beverages during the day; Subsidized lunch on a daily basis; Onsite package/mailing service; Massage therapy; Discount ticket sales; Fitness classes; Car wash and vehicle maintenance; Onsite dental; Dry cleaning; Banking/onsite ATM; Personal travel service; Basketball and volleyball courts)

FAMILY CARE BY THE NUMBERS

140 days Job-protected maternity leave (including FMLA/STD) 55 days Fully-paid maternity leave (does not include personal vacation or paid time off)*
58 days Average length of maternity leave new mothers take40 days Job-protected paternity leave (including FMLA)
40 days Fully-paid paternity leave (does not include personal vacation or paid time off)*5 days Average length of paternity leave new fathers take
$5,000 Adoption benefit40 days Job-protected parental leave for adoptive parents (including FMLA)*
5 days Fully-paid parental leave for adoptive parents (does not include personal vacation or paid time off)
*Employees are not required to use all their personal paid time off before taking parental leave. All employees are eligible for parental leave benefits.

FAMILY CARE PROGRAMS

  • On-site or near-site backup childcare center
  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)
  • Fertility treatments

Community and Environmental Impact

40 hours Paid time off to volunteer $150,000 Total company-matched employee donations in last year
Yes Sustainable commuting program Yes Recycling program
Yes Locally-sourced food program

Diversity

  • Annamarie Dunn, Sr. Group Director of Talent and Culture is responsible for the success of formal recruiting and retention diversity goals
  • Formal programs (such as resource groups, mentorship, networking, or other affinity groups) support professional development for: Women
  • 10 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities
  • Non-birth parents in same-sex relationships can take parental leave
  • Medical care covers gender confirmation surgery

Leadership Diversity

 

Workforce Diversity

 
R&D team celebration

DEMOGRAPHICS

 
University tour at Cadence

How to Get Hired

We asked Cadence for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

Cadence employees are the heart of our innovation, culture and success. We hire employees inspired by our mission and purpose; to drive the future of innovation and build great products that transform lives. We look at potential employees’ experience and skills, and also key cultural and values-based attributes identified as being critical to success. What do Cadence employees have that others don’t? The spark of passion, the desire to make an impact, a strong focus on results. They are tenacious self-starters who team effectively through trust, open debate, and dialogue. They are risk takers, innovators who know the business and act like owners. We want all employees to come to Cadence and be themselves, authentic individuals with a desire to make a difference as part of One Cadence – One Team. 

What can prospective employees do to get your attention?

Contact our recruiters through our social media channels to get your name out there. When applying or talking to recruiters, point out specific groups, functions, or projects that you are especially interested in. It shows us that you’ve done your research on what we do and gives us a better idea of where you could best fit into the Cadence team. 

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

We look for individuals who are inquisitive problem-solvers. Our employees are drivers of results who have a deep desire to solve technology's greatest challenges. We currently have open positions for software developers, design automation software developers, applications engineers, integrated circuit designers, and many non-technical roles. Please visit our website for a full list of openings. 

What should interested candidates do to find out more and get started?

Follow us on our social media accounts to find out more about Cadence Design Systems, stay up to date on our latest job postings, and learn about company news announcements on our Cadence.com website.  Network with recruiters, employees, and managers to help us get to know you. 

hiring Outlook

575 Forecasted positions to fill in coming year 3% Job Growth
40 Average applicants per opening 23,000 Total job applicants
35% New hires by employee referrals 23% Openings filled by current employees
114 Recent graduates hired 5% Voluntary turnover for full-time employees
23% Voluntary turnover for part-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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