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