Intel’s Compensation & Miscellaneous Benefits

Understanding Job Grades at Intel

How Employees at Intel are Paid

Intel’s Restricted Stock Units (RSUs) and Grant Schedule

All full-time and part-time Intel employees are eligible for restricted stock units (stock grants), but they are not automatic. When deemed appropriate, Intel grants RSUs after an employee’s annual performance review. Typically these vest incrementally over a three-year period, creating a cascade of multiple stock awards over a time frame. In such circumstances, we encourage employees to live as much as possible from those vesting RSUs and and defer as of their salary as possible.

Below is an example grant delivery chart for new hires:

Intel’s Family Coverage

Intel updated its family leave benefits at the start of 2020. This plan has a number of components:

• New parents can now take up to 12 weeks to bond with a new child.
• New parents can work a part-time schedule for up to 4 weeks with full-time pay.
• Pregnant employees who can’t work can apply for short-term disability coverage for up to 12 months.
• Employees can take paid leave for up to eight weeks to care for a seriously ill family member.
• Employees who have lost a family member can take up to two weeks of bereavement leave. 

Intel’s Health Benefits

To meet employee healthcare needs, Intel has created the Intel Corporation Health and Welfare Plan, which provides employees a range of medical coverage options from high-deductible plans to copay plans with Providence and Kaiser with high premiums.

For employees with a high-deductible plan, a Health Savings Account (HSA) provides an attractive strategy to save for future healthcare needs and reduce taxes. HSA funds can accumulate over the years and grow well past their original contributions and be tapped in retirement when medical costs are often higher. Similar to pre-tax contributions to a 401(k), HSA contributions are tax deductible and grow tax deferred. Unlike a traditional 401(k), however, deductions from the account are not taxable if used for healthcare expenses.

Intel’s Educational Benefits

Intel priorities professional development with the Intel Tuition Assistance Program (TAP), which provides financial assistance to eligible employees completed job-related programs and coursework. This is predicated on satisfactory job performance and good economic/business circumstances. If the employee has a job performance of “successful” or better, he or she is eligible for up to 100% of tuition assistance for eligible schools and programs. For graduate-level business programs, Intel covers up to $50,000 of tuition.

Source: https://www.intel.com/content/dam/www/public/us/en/documents/guides/benefits-overview-guide-us.pdf