We are proud to provide comprehensive, balanced benefits to support our full-time employees and their dependents. Part-time employee benefits are modified and may vary by location. Programs outside of the U.S. vary depending on local customs and laws, but are as similar to what is offered in the U.S. as possible.
Delta Design believes in sharing company success with its employees by offering programs to assist employees in achieving their financial goals.
Our 401k Plan, administered through The Principal, offers a variety of investments choices. Employees have the choice to contribute a percentage of their pay through salary deferral. Delta Design matches 50% of the first 3% the employee contributes to the plan, and allows employees to enroll in this plan the first of the month following date of hire.
Employee Stock Purchase Plan (ESPP)
Employees can contribute from 1% to 10% of their pay with the Cohu, Inc. ESPP plan. Every six months, the plan allows employees to purchase Cohu, Inc. stock (NASDAQ:COHU) at a 15% discount from a determined fair market value.
Health & Wellness
Delta Design supports its employees with health and wellness benefits ranging from paid holidays, excellent health insurance coverage, and disability protection to counseling assistance programs.
Delta Design offers employees a comprehensive healthcare program including medical, dental and vision care plans through Aetna and VSP for employees, spouses (or same-sex domestic partner) and children (up to age 26). In addition, employees may also choose to participate in a Flexible Spending account which offers pre-tax contributions to help with healthcare and dependent care expense.
Time Off and Holidays
Newly hired, full-time salaried employees receive 15 days of vacation, and hourly employees receive 10 days vacation plus sick time accrual. Delta Design also provides 10 company-paid holidays each year.
Employee Assistance Program (EAP)
Delta Design is proud to offer its employees a cost-free counseling benefit through Horizon Health that covers the employee and anyone in the employee household. Counseling is confidential and offered in convenient locations with multi-lingual counselors. Employees may seek counseling for psychological issues, stress, substance abuse, marital/relationship, grief and loss, financial, and/or legal reasons.
Short Term Disability
Delta Design's Short Term Disability plan, through Reliance Standard, provides replacement income to employees outside the state of California (CA employees are covered through SDI) in the event an employee becomes sick, injured or is unable to work. This plan pays employees 55% of their weekly earnings in the event of a disability due to accident or illness beginning on the 8th consecutive day of the disability.
Long Term Disability
Our Long Term Disability coverage offers protection for employees that must be out of work for longer periods of time due to injury or illness. The plan, also through Reliance Standard, pays employees 50% of earnings after the 90th day of disability. A Long Term Disability buy-up plan is available, with an employee-paid premium, that provides 60% of earningsor 70% if integrated with SDI, Workers' Compensation or Social Securityafter 90th day of disability.
Delta Design offers Aetna group life insurance protection for employees and their dependents. Delta Design provides free basic coverage equal to the individual's annual salary, to a maximum of $100,000. AD&D coverage is also provided by Delta for coverage up to two times the individual's annual salary, to a maximum of $200,000. Additional coverage can be purchased at a low group rate.
Travel Accident Insurance
Delta Design's Business Travel Accident Insurance Plan provides coverage for accidental death while traveling on company business.
Continuous learning is vital to the growth and success of our employees. Delta Design offers employees many ways to improve skills and help create a stimulating work environment.
Delta Design reimburses costs of tuition, books, registration, and lab fees up to $3,000 per calendar year. Percentage of reimbursement depends upon the letter grade earned at conclusion of course.
Delta Design offers employees company orientations, refresher safety and health programs, web applications training, management and leadership classes, and more, based on business need.
Internal Job Postings
Our continued success depends on finding the best individuals available to fill our open positions. Current employees are given consideration for job openings.
Employee Referral Program
Delta Design offers an employee referral program. Employees that submit/recommend a candidate for certain positions will receive a one-time cash bonus if that person is hired.