Working Here

In return for your expertise, Cree offers a challenging work environment, along with a competitive compensation package. We offer a combination of group health and welfare plans and options to our employees to meet their personal needs.

Health Benefits

Extensive health benefits are part of Cree's total compensation package. You can choose the benefit program that adds the most value to meet your personal needs. The cost of these plans depends on your choices.


  • Choice of two levels of PPO plans and a Consumer Driven Health Plan.
  • Dependent coverage available for you, your spouse and/or your dependents. 
  • Eligibility - first of the month following your first day of employment. 


  • Preventative care is covered at 100% with no deductible. 
  • After deductible is met, basic restorative care is covered at 80% and major restorative care is covered at 50%.
  • Orthodontic coverage for children and adults available for $2,000 maximum lifetime benefit. 
  • Eligibility - first of the month following first day of employment. 


  • Cree's Health Care Plans also provide vision coverage as part of the medical plan. 

Financial Plans

401K Plan through Fidelity Investments:

  • Cree match is 100% for the first 1% contributed and 50% for the next 5% contributed. 
  • Multiple investment options available through Fidelity with on-line review of accounts. 
  • Eligibility - within one to two pay periods of starting.

Quarterly Incentive Cash Compensation Plan: 

  • Plan is designed to provide cash incentives to eligible employees when the company achieves quarterly net-income goals. 
  • Eligibility - first day of employment. 

Disability Insurance:

  • Short-term disability pays a percentage of your base pay for up to 180 days, and this is entirely paid for by Cree. 
  • Long-term disability pays 60% of base pay with a maximum of $8,000 per month, and it is entirely paid for by Cree. 
  • Eligibility - first day of employment. 

Life Insurance: 

  • Basic benefit is two times annual salary (min $50,000/max $350,000). 
  • Dependent coverage is $5,000 for spouse and eligible child. 
  • Supplemental life insurance is available for employees and their dependents. 
  • Eligibility - first day of employment. 

Employee Resources

Employee Assistance Program:

  • Offering confidential counseling, education and referral 24 hours per day administered through Bensinger, DuPont & Associates, including financial and legal assistance. 

Educational Assistance:

  • Reimbursement for degrees/courses that are job or company related up to $5,250 per year. 
  • Sliding scale of reimbursement based on grades achieved and level of coursework. 

Auto/Homeowners Insurance:

  • Convenient payroll deductions for homeowners/auto/boat insurance through MetLife. 
Health Savings Account:
  • A savings product that you can use to pay medical expenses with pretax dollars when you are enrolled in the Consumer Driven Health Plan.

Flexible Spending Accounts:

  • Medical - save up to $2,550 yearly on a pre-tax basis to pay for medical expenses not reimbursed by insurance. 
  • Dependent Care - save up to $5,000 yearly on a pre-tax basis to pay for child care expenses resulting from your working. 

On-Site Fitness Center:

  • Open to all employees, their spouses, and/or their dependent children between the ages of 16-22 at Durham, NC location, free of charge. 
  • Various fitness and wellness programs available.