People – Our Engine of Innovation

People – Our Engine of Innovation

Innovation is the lifeblood of our company, and we depend on our people to sustain our competitive advantage. That’s why we offer attractive compensation with generous benefits for employees and dependents (including domestic partners), with the company paying an above-average share of the cost of health insurance. The company also holds an annual health fair and offers free flu shots.

These benefits, combined with our culture of innovation and sustainable growth, contribute to low employee turnover and an average tenure well above that of other companies.

Headcount by Region201620172018
North America353361360
Europe1039086
Asia171195217
Total627646663
 

 

Employee Tenure and Benefits

2018 Employee Tenure
vs.
Industry Benchmark¹
Company Share of Employee Heath
Insurance Cost
vs.
Industry Benchmark
401k Plan Participation Rate
vs.
Industry Benchmark²

1. Source: U.S. Bureau of Labor Statistics, average of computer and electronic products industry as of January 2018
2. Source: PLANSPONSOR Defined Contribution Survey, 2017, valid until December 2018; Compared to Technology/Computers/Software with similar asset size

 

 

Full list of benefits

CategoryBenefit
BenefitsDental
Vision
Paid time off
Basic life insurance
AD&D insurance
Short-term and long-term disability
Flexible Spending Accounts (FSA)
Employee Assistance Program (EAP)
401k and after-tax contributions with
Roth in-plan conversions
Other BenefitsEmployee stock purchase plan
Employee referral program
US wellness program
Transit commuter account
Long-term care
Legal services
Pet insurance
Credit union
Educational assistance
Non-profit gift matching program
Optional life benefits and supplemental AD&D benefits
Discounted AMC movie tickets
Discounts for many theme parks and attractions
Fresh fruit, bagels, and pastries every Friday
Benefit opt-out
Worksite AmenitiesCharging stations for electric vehicles
Sand volleyball courts
Access to walking/jogging trail
Onsite showers
 

 

Training

PI encourages employee skill growth by offering tuition reimbursement of up to $5,250 each year for job-related education; we also offer catered lunches with information on financial planning, elder care, stress management, and other personal-development topics.

Power Integrations, Inc. also offers employees access to nearly 600 online classes via Skillsoft e-learning, covering such topics as Communication, Leadership and Management, Software, and Time Management. Examples of available courses include:

Live Courses- Improving Communications and Team Building- Managers
- Workplace Conflict Tools for Managers
- Overcoming Overwhelm for Managers
- Conflict Resolution Skills for the Workplace- Employees
- Overcoming Overwhelm: Handling Stress Well- Employees
Online Courses
(Examples of 500+ courses available)
- Advanced Human Resources Management: People and Organization
- Cash Flow Management Essentials for Non-financial Professionals
- Choosing to Lead as a Woman
- Effective Critical Analysis of Business Reports
- Facing Challenges as a First-time Manager
- Laboratory Safety
- SAP Administration
- Supply Chain Management Basics: Cutting Costs and Optimizing Delivery
- Voice of the Customer in Six Sigma
- Workplace Management: Risk Management
 

 

Health and Safety

Occupational Health and Safety Metrics201620172018
Fatalities000
High Consequence Injuries021
High Consequence Injuries Rate*00.530.27
All Recordable Injuries642
All Recordable Injuries Rate*1.631.070.53

*Rates are calculated as per GRI requirement (number of incidents per 200,000 hours worked)

 

 

Business Ethics

PI employees are encouraged to engage with company leadership and raise concerns and questions in-person, via e-mail (anonymously if desired), or at our quarterly employee communications meeting with the CEO and senior management team.

 

 

Diversity

PI Gender DiversityPI North American Racial and Ethnic Diversity

Non-discrimination policy:

It is the policy of Power Integrations to provide equal employment opportunity for all employment applicants and employees without regard to prohibited considerations of race, color religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, disability or genetic information, marital status, or any other classification protected by applicable local, state or federal laws.