Company performance improved significantly in 2010. TI increased salaries in the first quarter after a year-long salary freeze. In addition, we paid 17.3 percent of profit sharing based on 2010 performance to all employees globally except for France and Mexico, which have locally regulated plans.
As planned, TI also improved benefits for preferred provider organization (PPO) preventive care and physical therapy, and removed limitations on behavioral health care coverage.
Looking ahead
In 2011, TI plans to transition all U.S. new hires to a high-deductible, low-premium health plan. Employees also will have the opportunity to participate in the health risk assessment and, at most locations, an on-site health screening. The health screening and self-assessment will provide a more comprehensive health risk appraisal.