Thoratec Corporation

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Benefits and Compensation

Benefits

As a company committed to improving the health of our patients, Thoratec Corporation takes a similar approach with its employees by providing a market competitive benefits package that emphasizes wellness. In addition, Thoratec Corporation emphasizes work/life balance and encourages employees to maintain balance in their lives. Thoratec Corporation offers a comprehensive benefits package for our employees:

  • Competitive wages
  • Paid Time Off and Holiday Pay
  • Medical, dental and vision insurance
  • Short-and long-term disability
  • Basic life and AD&D insurance
  • 401K retirement savings plan with company matching
  • Tuition reimbursement program
  • Employee stock purchase plan
  • Employee financial education
  • Employee wellness education

Compensation through Pay for Performance

Our total rewards compensation program enables us to deliver the right amount of rewards, to the right people, at the right time, for the right reason. Thoratec Corporation's philosophy is to provide a comprehensive package, while driving pay-for-performance that is aligned with corporate objectives and individual achievement. This includes market competitive salaries, bonus programs, values-based recognition and equity for our top talent. At Thoratec Corporation, we believe our success is directly linked to our employees' talent, dedication and hard work. As a result, we continually design innovative programs that reward and recognize our employees' endeavors. Our performance management program serves as the foundation for achieving total rewards.

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