Cadence ranks No. 9 on the 2024 World’s 25 Best Workplaces list.
A provider of hardware, software, and IP for electronic design, the U.S.-founded company offers a range of global benefits, an employee stock purchase plan and a peer-to-peer recognition program that allows any employee to reward another employee with a monetary gift for going above and beyond. Serving the community is also encouraged, with staff empowered to create their own opportunities through grants and volunteered time off. Inclusion group communities aim to support those who identify as LGBTQ+, Veterans, Latinx, Black, Women, Asian and Pacific Islander, neurodivergent and living with disabilities.
Employees say:
"This place allows one of the best work-life balances I have seen. The Global recharge day perk especially is one of the best initiatives done. This allows us to get extra-long weekends and detach ourselves from work without being pressured to work long hours. This allows us to increase productivity while maintaining healthy personal life."
Employees say:
"Cadence honors veterans. As a former service member, the team makes our sacrifice to the nation recognized at all time. To myself, working at Cadence is not just a job, but also a commitment."
Cadence, an electronic design firm, has earned a spot on the Best Companies to Work For list for 10 consecutive years. The company provides a wide range of technology products such as software, hardware, and chips, creating systems for the automotive, mobile, aerospace, and health care industries. Cadence offers up to eight weeks of paid time off for employees who need to manage care for themselves or a loved one. The company provides cancer support, as well as fertility support through Progyny Smart Cycle, a program offering fertility treatment plans, including IVF, artificial insemination, and egg freezing, along with surrogacy and adoption counseling. Cadence has invested $50 million to address racial wealth inequality in affordable housing, homeownership, and small businesses, areas where minority communities have historically faced disadvantages.
Cadence is an electronic design company with a slate of innovative clients. With clear markers for employee success, Cadence has earned a spot on the Best Companies to Work for List for nine years.
- In 2021 the company made DEI a top priority, launching employee-led inclusion groups for Black, Latinx, veteran, LGBTQ+, and women employees.
- Cadence utilizes a High-Performance Culture model, implementing clear guidelines for success at every level. As a result, nine in 10 employees feel as if they are making meaningful contributions to the company.
- Cadence also has a peer-to-peer recognition program called SHINE, enabling employees to recognize colleagues for their work.
- The company recently expanded its parental leave policy to 12 weeks for both primary and secondary caregivers. Cadence has added caregiver leave for up to eight weeks, as well as coverage for perimenopause and menopause treatment; cancer support; and mental health challenges.
- Cadence recently renovated three buildings at its San Jose headquarters to create more flexible and collaborative arrangements for workers. The gym has reopened to employees, and subsidized lunch is available.
Employees say:
"Cadence gives employees all the tools necessary to succeed. Everyone is very helpful, friendly, and there is a great sense of community within the company. Freedom and trust is given to do your job and excel at it. The company is also very accommodating, aligning to your life goals and experiences outside of work, which makes for a great work-life balance. I love working here and look forward to many years at Cadence!"
Employees say:
"The Global Recharge Days are very unique to Cadence, and I greatly appreciate the extra time we get off to recharge our mental health."
Celebrating its eighth year on the list, software and electronic design company Cadence is prioritizing diversity with the introduction of five new inclusion groups for Black, Latinx, and LGBTQ+ employees, as well as veterans and women. The company has also helped its employees thrive in a virtual environment by creating manager training and toolkits to help leaders navigate remote work. Cadence offers additional health coverage for transgender employees, as well as resources for staff who have a child in their family with a developmental disability. Beyond these extra forms of support, the company has also prioritized compensation: In the past three years, Cadence has reached pay parity based on race and ethnicity in the U.S. and gender globally. On top of that, the company has doled out more than $10 million in peer-to-peer recognition awards since 2016.
Employees say:
“I feel valued and trusted by my direct manager (and her direct manager) both through their words and actions. Through their communications, I have the utmost confidence that our executive management team genuinely cares for employees. Given the climate of social justice in the world, hearing directly from our CEO that we celebrate diversity and inclusion and must take a stand against racism gives me great pride. The extra global recharge days are much needed and much appreciated. I recharge not only through the time off, but by the mental boost that comes from knowing that our mental wellbeing is of value.”
Employees say:
“The culture is customer centric and always focused on innovative ideas and products that can make a potentially transformative difference in customers' lives. I am very grateful to be part of this amazing company and culture. They even offer 5 voluntary days off for employees to contribute their time towards a personal charity of choice and give back to the community. They also prioritize employees' health during the transition to remote work and offer global recharge days due to the pandemic.”
