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Microchip Technology

Engaged Employer

Microchip Technology reviews

3.6

69% would recommend to a friend

(682 total reviews)

Steve Sanghi

80% approve of CEO

52% positive business outlook

Reviews by job title

682 reviews

Reviews about "Compensation"

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3.0
Jun 2, 2015

NCG review

Recommend
CEO approval
Business Outlook

Pros

MCHP tries it's best to keep it's employees through any hardships. For the most part the company is "relaxed" as a whole. One has almost zero worry about loosing his/her job at MCHP. Great place to start out of college, but not the best if you want decent money compared to your graduating peers.

Cons

MCHP is acquiring company after company, which is good for the company but has started to shift the core ideals this company was founded on. A new influx of work has flooded the current staff with the new acquisitions. The salaries for NCG are not competitive. The company touts it's compensation is based on the market to encourage better involvement and ownership of work. While this sounds nice and to a point is true, it's really just their excuse to pay you less if you'r e new to the industry.

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Microchip Technology Response
11y
Microchip is very proud of our stable workforce. At Microchip you won’t find that we layoff large numbers of employees in order to control expenses. We control expenses through diligent management practices. As a unique benefit to our New College Graduates, Microchip grants stock to all employees. Our employees really appreciate our total compensation philosophy, which includes granting stock, providing an outstanding Employee Stock Purchase Program and Quarterly bonus payouts. Go to www.microchip.com for more information on our benefits. An important value at Microchips is profits provide for everything we do. This is supported by our acquisition strategy which provides more products and more challenging work for our employees. Each opportunity provides those who seek them, to grow their knowledge and enhance their careers. Here is a link to a recent video of other New College Graduates enjoying their job at Microchip: https://youtu.be/gGSosRROTE4
4.0
Apr 10, 2015

Principal Engineer

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great place to work, will be able to maintain work & personal life balance. Decent pay scale.

Cons

On long term employment, you will feel lazy to switch job.

4.0
Nov 20, 2014
Recommend
CEO approval
Business Outlook

Pros

Upper management is super talented and 100% focused on achieving business goals. The company culture is based on empowerment - give people the tools and responsibility to get the job done, and stay out of the way. Help is available from lots of sources - if you ask for something that aligns with someone else's goals, the teamwork is great. Compensation includes stock-based payments that can be pretty good when the share price is rising.

Cons

Raises are a very small part of the total compensation plan. More emphasis is placed on a number of quarterly bonus plans and other temporary pay adjustments. Not a lot of upward mobility due to a very flat organization structure.

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