Jobs at Intel - China - Compensation and Benefits


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China

Components of Intel China's employee cash compensation include:

Base Pay
Year-end Bonus* (also called Thirteenth Month Pay)
Employee Cash Bonus Plan*
Employee Bonus* or Commission (based on job and function)
Shift and/or Overtime Premiums (based on job and function)

* See "Bonus" tab above

Base Pay
Base pay for each job is determined by

what our competitors generally pay for a comparable job, and
the employee's relevant education, skills, experience, and job performance compared to his or her Intel peers.

Commission
In addition to a base salary, a portion of commission-eligible employees' cash compensation is directly dependent on sales performance. In lieu of the Employee Bonus program, eligible sales and marketing employees participate in the commission plan, which provides a financial incentive linked to sales performance. The incentive target is based on job, grade, and performance; the payout is based on the target and performance to goals.

Shift Premiums
Intel's manufacturing sites operate with a number of shift patterns that facilitate 24 hour-a-day operations, seven days a week. Manufacturing employees work in day/night compressed workweek shifts, which help them balance the needs of their work and life. Various shift premiums are paid to non-exempt employees who work the compressed work week shift pattern. Most support and office employees work a Monday through Friday non-shift schedule.

Overtime Premiums
In addition to local market practices, overtime is paid according to the laws that govern the site in which the employee works.

Stock Purchase Plan

The Stock Purchase Plan allows employees to purchase Intel stock at a discount through payroll deductions, from two to five percent of eligible pay. Stock is purchased at 85 percent of Intel's stock price at the lower of the beginning or ending of a subscription period. Employees use the plan for short-term savings goals or long-term investment needs.