Great package that's competitive with the industry!
FTO (flexible time off) seems good but you do not accrue PTO so there is no cash out or balance. Medical and dental are good and employee portion of premiums are low.
Being in management, I got to see how we compared to the industry and Illumina definitely is below industry standard.
Benefits are awesome, including Flexible Time Off (unlimited time off, with encouragement to actually use it), full health care, on-site gym, 401K/Roth IRA options, stock options, organized sports/competitions, etc. The company cares a lot about it's reputation in a good way, and is constantly looking for ways to improve employee programs, offerings, and services. There is a huge push for giving back to the local community and promoting STEM education, and employees are given 16 hours of volunteer time off a year. Plenty of food options, including a healthy and locally-sourced on-site cafe, daily food trucks, multiple coffee/snack bars, and daily shuttles to the nearby mall/food court. Weekly/monthly on-site dry-cleaner, barber, and farmers market. Company meetings are usually prefaced with a networking happy hour (with free drinks/snacks). Plenty of commuting options, including a commuter program that encourages alternative transportation (vanpools, carpooling, walk/biking to work, shuttles from the nearby train stations).Tons of on-site Level 1 and Level 2 electric vehicle charging stations. Tons of parking spaces on campus.
Company offers a lot of health plans, 401k matching, and now offers FTO for salary employees
Best: Employee stock purchase program with 15% discount on purchase. Maternity and Paternity leave Worse: 401k match is low at where you must contribute 6% to get a 3% match to your salary.
Just transitioned to Flexible Time Off (FTO) which means employees don’t accrue vacation but can take it when they need it
Illumina is striving to develop a progressive benefits package that is competitive in a tech market.
Paid paternity, maternity, and medical leave. Low cost PPO medical care. VSP and employee stock grants.
PTO is high off-the-bat, two shut down weeks in addition to 20 days per year.