Benefits & perks

At Cyberonics, we consider our employees to be our biggest asset. We take great pride in offering a competitive and comprehensive total rewards package. To us, it's about saying "thank you" for the great work you do every day.

Health

The health of our employees is top priority at Cyberonics. We are committed to creating an environment that addresses the real-world concerns of our workforce. We’ve been selected again as one Houston’s Healthiest Employers.

Medical insurance

Employees have a choice of two medical plans with a large network of doctors and hospitals to choose from. All plans allow members to seek care without referrals, giving you the flexibility to coordinate your own care.

  • Basic Plan—Health Savings Account (HSA)
  • Core Plan—Preferred Provider Organization (PPO)

Dental insurance

Employees have a choice of two dental plans:

Effective July 1, 2014

  • Dental Preferred Provider Organization (PPO) - all employees
  • Dental Health Maintenance Organization (DHMO) - Texas employees only
  • Dental In-Network Only (INO) - Non-Texas employees only

Vision insurance

Employees may choose from two vision plans within Vision Service Provider (VSP), the nation's largest provider of eye health services.

  • Exam only
  • Full service

Flexible Spending Accounts

Cyberonics’ Flexible Spending Accounts (FSA) allow employees to set aside a portion of tax-free income to help pay for certain healthcare and dependent-care expenses. Options for FSAs include:

  • Healthcare FSA—Funds can be used to pay for qualified medical expenses
  • Dependent-care FSA—Funds can be used to pay for child care expenses

Healthcare services

  • A professional healthcare service is available to assist, either by phone or email, with unbiased doctor recommendations, prescription assistance, bill reconciliation, hospital cost and quality information, along with other general healthcare inquiries
  • Telemedicine service makes it possible for employees and their dependents (from 6 years of age or older) to see a licensed medical professional for most primary care needs—without having to leave the workplace or home if the home computer has a web cam and the medical equipment necessary for the medical visit

Wellness initiatives

To demonstrate our commitment to the well-being of our most valuable assets, our employees, Cyberonics has implemented a dynamic wellness initiative. Our culture, from our CEO and executive officers to our managers and our individual contributors, embraces a healthy lifestyle. We strive to provide a wide range of tools and opportunities to enable our team to reach its wellness goals, and it works!

Wellness initiatives include:

  • A comprehensive wellness program
  • Biometric screening
  • On-site 24/7 fitness center, including:
    • State-of-the-art equipment
    • Locker room amenities
    • Personal one-on-one training with a certified professional
    • Group exercise classes (circuit training, boot camp, walk-a-thon)
  • On-site preventative care (physicals, mammograms, flu shots)
  • Health fair
  • Health-e events (night club cardio dancing, Zumba®, kick boxing, lunch-and-learn)
  • Health challenges (weight loss and healthy eating challenges)
  • Houston Corporate Games (community challenges)

Compensation: Exceptional pay for exceptional performance

At Cyberonics, our most valuable resource is our people. Our employees bring passion and commitment to a challenging environment where they are rewarded with the ability to realize their potential. When it comes to compensation, Cyberonics believes in the “keep it simple” philosophy: we reward exceptional performance with exceptional pay.

Base salary

Your base salary, or regular rate of pay, is reviewed on an annual basis. Base pay reflects your position’s responsibilities, competencies, skills, qualifications, and performance over time.

Incentive compensation

Cyberonics pays an annual cash bonus based on a number of elements, including, but not limited to, achievement of individual and corporate objectives. For the sales team, an alternative sales incentive plan is in place.

Financial future

You probably think a lot about your future and your family’s future. We do, too. Take a closer look at how Cyberonics helps invest in your financial future.

401(k) retirement savings plan

We offer a 401(k) retirement savings plan with the following benefits:

  • Employees may contribute 1% to 100% of pre-tax compensation to the 401(k) plan (up to IRS limits)
  • 50% match of employee contributions, up to the first 6% of employee contribution
  • Multiple and varied investment options
  • Employees may elect to roll over funds at any time

Life/Work balance

At Cyberonics, we want to be sure you find the balance between your work life and your responsibilities at home. To help support this balance, we have implemented programs designed to do just that.

Simplify life

Cyberonics is committed to finding ways to make life simpler for you. In addition to a flexible work week, we offer a variety of convenient services, including an onsite ATM and healthy mini-market, as well as the ability to purchase stamps and ship personal items.

Employee assistance program

Our employee assistance program helps employees resolve personal problems that may adversely impact their work performance, conduct, health, or well-being.

Adoption assistance and fertility treatment

After 1 year of employment, financial assistance is available for full-time employees who are building families through adoption or fertility treatment.

Parental leave

Eligible full-time employees may receive 40 hours of parental leave as a planned absence in connection with the birth or adoption of a child.

Personal protection

Peace of mind is important to everyone. That’s why Cyberonics offers life insurance and comprehensive disability benefits at no cost to employees.

Basic life and accidental death and dismemberment (AD&D) insurance

Cyberonics provides basic life and accidental death and dismemberment insurance at no cost, up to one and a half times the employee’s annual salary, but not to exceed $300,000.

Supplemental life insurance

Employees may purchase optional supplemental life insurance in increments of $25,000, up to $300,000. Life insurance is also available for employees’ dependents.

Short-term disability

Cyberonics offers short-term disability insurance at no cost. In the event of a non-job-related disability, employees receive 60% of weekly earnings, up to $2,000 per week.

Long-term disability

Cyberonics offers long-term disability insurance at no cost to employees as protection in cases of disabilities lasting more than 13 weeks.The employee receives 60% of monthly earnings to a maximum of $15,000 per month.

Optional supplemental income protection

Employees have the option of electing supplemental income protection. Critical illness insurance is designed to help offset the financial effects of a catastrophic illness (including cancer), offering a lump-sum benefit if you are diagnosed with a covered critical illness, as well as group accident insurance to help you meet additional out-of-pocket expenses that may follow an accidental injury.

Education assistance

Cyberonics employees are driven by a strong desire for learning and self-improvement, and we enthusiastically support their ambitions. Our education assistance program helps cover some of the expenses that you may incur when continuing your development through education.

Time off

Having ample time for family and friends is essential to a high quality of life and can also reenergize and reinvigorate you.

Paid time off

In your first year of employment at Cyberonics, you will be granted 20 days of paid time off. Regular full-time employees are awarded paid time off, based on years of service.

Holidays

Cyberonics recognizes 8 designated holidays per year.

Parking

Employees may park free of charge in a covered garage that is easily accessible from the corporate office.

Career opportunities

Search open positions in U.S. and Costa Rica

Career opportunities

Search open positions in Europe, Middle East,
and Africa

© Cyberonics, Inc. 2014 | All rights reserved.