Sustainability Goals
Since 2022, we have linked a portion of our executive and team member compensation to our sustainability goals.
Learn moreCompensation and Benefits
NXP’s competitive compensation and benefits programs are designed to attract and retain the best talent as well as drive and reward high performance and meaningful contribution across all areas of our diverse workforce.
Compensation
Designed to attract and retain
NXP provides team members with a merit-based total rewards package, including base salary, short-term incentives and equity-based long-term incentives.
Rewarding Performance
Rewarding performance is a critical element of our overall program. NXP is committed to managing all reward-based compensation programs, including annual salary reviews, Annual Incentive Program (AIP) payouts, Sales Incentive Program (SIP) payments and long-term incentive awards, to deliver on our pay-for-performance philosophy.
Promote Pay Equity
NXP has policies and procedures in place to promote pay equity. We perform pay equity reviews twice a year, alongside NXP's rewards processes, to ensure we deliver pay decisions with an appropriate focus on fairness. We developed this proactive process to evaluate each compensation program in real time, to provide leaders with feedback to create more visibility into fair and equitable compensation while decisions are being made.
Compensation Recommendations
We also analyze potential compensation recommendations or changes within functional areas and departments in order make appropriate adjustments and promote pay equity. The summarized results of this analysis are presented to our CEO and Chief People Officer, reflecting our commitment to making compensation-related decisions based only on performance, tenure and skill-related factors.
We believe that pay decisions should be made based on four factors: 1) external considerations (i.e., market conditions), 2) team-member performance/contributions 3) specific knowledge and skills 4) internal equity.
External Considerations
NXP utilizes third-party data to formulate compensation and benefits programs that are fair, equitable and competitive.
Team-Member Performance/Contributions
We empower leaders to recognize both individual and team accomplishments through a variety of compensation programs.
Specific Knowledge and Skills, Internal Equity
Each year, we conduct a formal assessment of the individual's specific achievements and the demonstrated behaviors – consistent with our values – to deliver those achievements through our Enabling Performance process.
Benefits
Wellbeing@NXP
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Wellbeing@NXP is our voluntary well-being program designed to fit the needs and goals of our entire population in helping them find balance through physical, mental and financial well-being initiatives.
Wellbeing@NXP helps team members make small, everyday changes to their well-being to ensure they are focused on the areas they want to improve most. Through this program, we build healthy habits, have fun with coworkers and experience lifelong rewards of better health and well-being.
Intellectual
Financial
Community
Emotional
Employee Experience
As part of our commitment to employee well-being, the Wellbeing@NXP program organized the annual "Celebrations Around the World" steps challenge, which encourages team members to form small teams and participate in a global steps challenge. In 2024, we saw an impressive participation of over 6,200 team members globally.
Together, our team members took steps that equate to walking around the Earth more than 2,500 times. This challenge not only promoted physical activity and teamwork, but also fostered a sense of global community and shared achievement among our internal community. We are proud of the dedication and enthusiasm shown by our team members and look forward to continuing this tradition in the years to come.
Regional Benefits Overview
NXP is committed to providing a comprehensive benefits package that includes various offerings that support the overall health and well-being of our team members.
The offerings by region are:
Americas
Benefits include medical, dental and vision insurance, competitive retirement contributions, car allowances and lease programs. In the US, benefits also cover back-up care, tutoring, onsite gyms, health checks, flu shots and time off for community service and voting.
APAC
Benefits include annual health checks, medical insurance, hospital coverage, retirement benefits, allowances for rice, onsite health centers and support for cultural events like Diwali and Chinese New Year.
EMEA
Benefits include life insurance, personal-accident insurance, retirement plans, supplemental medical, dental, and vision coverage, commuting and meal allowances, and support for health and sports-related activities.
Looking Ahead
Rewarding our Talent
NXP compensation and benefits programs will continue to focus on attracting, motivating, retaining and rewarding our talented team members and reinforcing our pay-for-performance philosophy.
Pay Decisions
We are committed to examining our compensation programs and pay decisions through the lens of pay equity.
Improve Processes
We will continuously explore ways to improve our processes and systems to ensure the best investment in our people.
Health and Well-Being
Further integration of programs with a focus on team-member health and well-being will be a priority area.