Microchip Technology Benefits

3.5
101 Ratings

Which benefits does Microchip Technology provide?

Current and former employees report that Microchip Technology provides the following benefits. It may not be complete.

Insurance, Health & WellnessFinancial & RetirementFamily & ParentingVacation & Time OffPerks & DiscountsProfessional Support

Insurance, Health & Wellness

Health Insurance
3.9
24 Ratings
Employer Verified
3.8
4 Ratings
Employer Verified
3.7
3 Ratings
Employer Verified
3.5
2 Ratings
Employer Verified
2.0
1 Rating
Employer Verified
3.0
1 Rating
Employer Verified
3.0
1 Rating
Employer Verified
4.0
1 Rating
Employer Verified
1.0
1 Rating
Employer Verified
3.0
1 Rating
Employer Verified

Financial & Retirement

3.8
13 Ratings
Employer Verified
2.3
3 Ratings
Employer Verified
2.3
3 Ratings
Employer Verified
2.3
3 Ratings
2.0
2 Ratings
Employer Verified
Charitable Gift Matching
Employer Verified
Retirement Plan
Employer Verified

Family & Parenting

3.3
3 Ratings
Employer Verified
3.0
1 Rating
Employer Verified
2.0
1 Rating
Employer Verified

Vacation & Time Off

3.4
14 Ratings
Employer Verified
4.2
5 Ratings
Employer Verified
3.5
4 Ratings
Employer Verified
3.0
1 Rating
Employer Verified
Volunteer Time Off
Employer Verified

Perks & Discounts

2.5
2 Ratings
Employer Verified
2.5
2 Ratings
Employer Verified
2.0
1 Rating
Employer Verified
Commuter Checks & Assistance
Employer Verified
Company Social Events
Employer Verified
Mobile Phone Discount
Employer Verified
Travel Concierge
Employer Verified

Professional Support

3.3
3 Ratings
Employer Verified
1.0
1 Rating
Employer Verified
1.0
1 Rating
Employer Verified

Employee Benefit Reviews

Showing 1–10 of 101 comments

Most Commented

  • Health Insurance(27 comments)

    Health insurance will be covered for the employee and the dependents will have to pay 20% of the overall price of the coverage.

  • Vacation & Paid Time Off(15 comments)

    Standard bay area 10 paid holidays

  • 401K Plan(13 comments)

    Very good contribution rates by company

Jul 19, 2021
4.0
Current Employee

Health Insurance Options with employee premiums are more than reasonable. 401K is disappointing only matchincg 50% for the first 4%, but Employee Stock Purchase Plan up to 10% of salary at 15% discount is outstanding.

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Jun 25, 2021
4.0
Former Anonymous Employee in San Jose, CA, California

Salary is competitive in the bay area, perhaps a bit below average. Benefits on medical and dental are good. The only problem I have is with zero 401K contribution matching, which is disappointing.

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Jun 3, 2021
4.0
Former Employee

Good health insurance. No tuition fee reimbursement.

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May 14, 2021
5.0
Current Engineer in Phoenix, AZ, Arizona

Average vacation, good medical, below average 401k match.

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Jul 29, 2021
4.0
Former Employee

Good company to work for

Report
May 12, 2021
4.0
Current Employee

Private insurer using the Cigna network. Always a pain.

Report
Apr 27, 2021
5.0
Former Sr Process Engineer in Chandler, AZ, Arizona

Microchip created their own plan, not a plan administered by one of the big medical insurance plans. This resulted in lower employee costs and better quality service. Had the same surgery on both knees, one with Microchip's plan and the other thru my wife's big med ins plan, the big med plan cost much more and the procedure was done at an office complex, the first knee was done at a hospital complex.

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May 3, 2021
2.0
Current Employee

A bit 1980's-ish and completely unlike most high tech firms. Stingy bonuses, bonus claw-back if you take more than 2 weeks off in a quarter (total of vacation, sick, bereavement, etc), annual holiday allotment maxes out at 4 weeks and takes a long time to get there. Annual salary increases of less than 1% seem to be the norm.

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Apr 4, 2021
5.0
Current Sales in New York, NY, New York State

Great benefits. Flexible HR Dept

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Apr 4, 2021
4.0
Current Employee

The company has a wide array of benefits they offer. Offering 5 different medical plans, dental, vision, quarterly bonuses, discretionary 401k matching and restricted stock units. They have a free on-site health clinic that employees can use at no cost to them or their dependents.

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Viewing 1 - 10 of 101 Reviews

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