Benefits

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Compensation and Benefits in India

Micron team members worldwide enjoy the advantages of our total compensation program.

In India, eligible team members receive these specific benefits:
  • Variable Pay Program which awards monetary incentives based on individual and company performance
  • Referral Bonus Program which awards monetary incentives when team members refer friends and family to join Micron
  • Patent Bonus Program which awards monetary incentives for team member innovation.
  • Employee Stock Purchase Program which enables team members to purchase Micron stock at discounted rates
  • Equity grant programs which allows team members to share in the future value of the company through employee stock grants at management discretion
  • Service anniversary awards which recognizes employee loyalty and contribution to Micron
  • Recognition programs where the management and peers can formally recognize your demonstration of Micron values
  • Micron foundation program where Micron will match your donation to your charity of choice up to US$2,000 per year
  • Wellness programs that promotes and rewards physical and emotional wellness
  • Government Employee Provident Fund contributions
  • Gratuity payments
  • Insurance coverage including life, personal accident, medical, and business travel accident
  • Medical insurance coverage for their spouse, 2 dependent children and parents
  • Medical insurance coverage for team member and their spouse and dependent children when they travel overseas for leisure.
  • Vacation leave, Casual leave, Sick leave, holidays and other approved leaves of absence
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