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

EMPLOYEE RATINGS

     

This review is based on 1001 employee surveys, with a 90% confidence level and a margin of error of ± 2.08. It was published on Jul 19, 2016. 7862 Visitors

What Employees Say

Management is honest and ethical in its business practices.
93%
 
I feel good about the ways we contribute to the community.
93%
 
I'm proud to tell others I work here.
93%
 
I am able to take time off from work when I think it's necessary.
92%
 
When I look at what we accomplish, I feel a sense of pride.
92%
 

What They Do

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

We are an electronic design automation company providing software, hardware, and intellectual property to design advanced semiconductor chips. Our industry-leading technology is essential for the development of next-generation smartphones, bio-medical devices, cloud infrastructure, and many other products that transform lives. 

About this Company

Website: www.cadence.com Industry: Electronics
US Headquarters: San Jose, California US Sites: 17
Major Locations: Chelmsford, Massachusetts; Austin, Texas; Cary, North Carolina; Columbia, Maryland US Employees: 2,790
US Revenues: $782.4 million Worldwide Revenues: $1,702 million
Employees Worldwide: 6,811 Corporate Structure: Public
Stock Symbol: CDNS Founded: 1988

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.
  • Buddy System: New hires are assigned a "buddy" at Cadence who will show them the ropes, make introductions, show them around and answer any questions they may have. This support better allows them to more easily and swiftly make the transition into working at the company.
  • 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. In addition, Cadence also offers a Global Matching Gift program to increase contributions to the causes our employees are passionate about.
  • Cadence 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.

COMPENSATION BY THE NUMBERS

50% 401(k) match of employee's contribution, up to 6% of an employee's 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 College Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k)
  • Stock options to employees
  • Restricted stock units to employees
  • Pre-tax savings account
  • Employee stock purchase plan
  • Long-term care insurance to employees

PERKS TO MAKE LIFE EASIER

  • Free snacks during the day
  • Subsidized lunch on a regular, daily basis
  • Massage therapy
  • Fitness classes
  • Vehicle maintenance
  • Banking
  • Free beverages during the day
  • On-site package/mailing service
  • Discount ticket sales
  • Car wash
  • Dry cleaning
  • Personal travel service
Cadence employees

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

WORK-LIFE BALANCE PROGRAMS

  • Telecommute option

    FAMILY CARE BY THE NUMBERS

    140 days Job-protected maternity leave55 days Fully-paid maternity leave (does not include personal vacation or paid time off)
    58 days Average length of maternity leave new mothers take5 days Job-protected paternity leave
    5 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 benefit5 days Job-protected parental leave for adoptive parents
    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

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

    HEALTH INSURANCE COVERS

    • Medical care
    • Vision care
    • Mental health care
    • Fertility treatments
    • Dental care
    • Prescription drug subsidy
    • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)

    ONSITE HEALTH BENEFITS

    • Blood pressure screening
    • Fitness center (at some locations)
    • Flu shots

    Community Involvement & Philanthropy

    40 hours Paid time off to volunteer $150,000 Total company-matched employee donations in last year

    Diversity

    • Annamarie Dunn, Sr. Group Director of Talent and Culture is accountable to formal diversity goals for employee recruitment and retention
    • Formal programs support professional development for: Women
    • 10 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities
    • Married employees in same-sex or heterosexual relationships receive the same benefits
    • Non-birth parents in same-sex relationships can take parental leave

    Executive Diversity

     
    Cadence employees

    Demographics

     
    Cadence employees

    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

    600 Job openings forecast for coming year 7% Job Growth
    39 Average applicants per opening 32,962 Applications received
    539 Positions filled in past year 33% New hires by employee referrals
    350 New positions created 68 Jobs filled by current employees
    Yes Recruits on college campuses 224 New graduates hired
    5% Voluntary turnover for full-time employees 5% Voluntary turnover for part-time employees
    * All figures refer to 12-month period prior to reporting, unless otherwise noted.

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