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Silicon Motion believes that a company's most important asset is their employees. That is why we make sure that we offer an excellent array of benefits to eligible employees and encourage them to find balance between work and life.
Benefits and Rewards at SMI
We offer competitive compensation and reward superior performance. Employees are eligible to be recognized in the following ways:
We offer comprehensive health insurance plans for eligible employees and dependents. There are plans to meet the needs of you and your family:
Pre-Tax Premiums: If your health care coverage decisions require you to make a premium contribution, those contributions would be deducted from your pay on a pre-tax basis. That means the actual cost is less than the scheduled contribution amount.
Flexible Spending Accounts (FSAs): SMI's FSA's allow you to pay for certain eligible health care and/or dependent day care expenses with tax-free money. You can set aside up to $2,750 to the Health Care FSA and a maximum of $5,000 to the Dependent Care FSA, each year, depending on your marital and tax-filing status. Plan is administered by FlexToday.
401(k) Retirement Plan through Fidelity Investments: Through this Plan, you may set aside up to 90% of your salary (to the annual IRS limits) on a pre-tax basis. You may then invest your money in one or more of the available investment options. Your contributions and investments accumulate on a tax-deferred basis. The company provides an employer match of 50% of salary deferral not to exceed 5% of annual earnings.
Paid Time Off: Vacation increases the longer you are with the company. SMI provides competitive vacation and other time off programs that give you time away to rest and relax or for illness. SMI also offers paid holidays.
Celebration and Events: Employees and their families are very important to SMI. We reward them with various celebrations throughout the year:
Annual Company Picnic and Holiday Celebration with the family;
Birthday cake celebrations with gifts and greeting cards;
Sports events/competitions like volleyball, bowling and hiking; and
As part of SMI's Corporate Social Responsibility (CSR)
We partner with Loaves and Fishes in helping the needy people of Santa Clara County through Bag Brown Program.
We sponsor the Silicon Valley Making Strides Against Breast Cancer in October
Employees volunteer at Ulistac Natural Area in preserving an ecological gem in Santa Clara by removing invasive species and planting California native trees, shrubs, grasses and wildflowers or by way of the company providing financial assistance in replacing old hoses for watering the plants.
In November, we do a Food Drive Campaign for the needy and Toys' Drive for the kids during the holiday season.