The Employee Stock Purchase Plan (ESPP) allows Micron employees to have a stake in our success. Introduced in 2018, the program allows participants to buy Micron stock based on the beginning or ending stock price in the period, whichever is lowest, with an additional 15% discount on that stock price. Employees can enroll in the ESPP twice a year and contribute up to 10% of their salary. When the program was introduced, roughly half of our workforce opted to participate.
Using a “learn and grow” approach, we create an environment where employees are inspired to grow, empowered to learn and connected to resources and opportunities that enable personal growth and performance. We encourage employees to choose their own development priorities and take initiative in using resources Micron provides to support their personal development.
Learning can take many forms. Employees have access to computer- and web-based training, distance education, and on-site university courses and training on cutting-edge technologies. Micron employees have direct access to technical and business skills training through our internal learning management system and through systems we access for cultural awareness, personal and professional skills building, and industry-relevant research. They can also access the Micron-TLP Technical Journal, an in-house, peer-reviewed archival journal with articles published by members of the Technical Leadership Program (TLP), as well as a variety of technical seminars. Micron’s learning management system allows employees to view items that have been assigned to them or search the catalog and self-assign items. Users can also request or register for instructor-led learning or access online learning. As employees expand their capabilities and become qualified for new roles, our internal job opportunities allow them to grow within the company.
Micron resources are also available to help our employees prepare their educational plans and select programs that best support their industry interests and career development. Micron offers a continuing education program, providing tuition for eligible employees pursuing higher education degrees, and an education assistance program for those seeking additional industry-related courses and certifications. By providing participating employees with ownership of their learning process, we foster a productive learning mindset that empowers them to identify development priorities, find resources to support their development, and intentionally engage in new experiences in a meaningful way.
Our employees also have much to learn from and teach one another. Across Micron, employees have a variety of opportunities to be mentored or serve as mentors themselves. For example, Micron’s TLP pairs experienced senior technical leaders with newer employees. The Micron Women’s Leadership Network offers a variety of mentoring approaches, such as group, one-on-one and skills-based mentoring with subject matter experts. We offer a common mentoring playbook that is used across these programs. That handbook, accessible by all employees, is available in English, Simplified and Traditional Chinese, Japanese and Malay.
We conducted a survey in 2018 to understand the value and impact of these various mentoring programs. Of those who responded, 79% said being involved in mentoring increased their job satisfaction and engagement, and 72% said it increased their desire to stay at Micron.
To support collaboration across teams, Micron uses the Emergenetics tool, which encourages employees to actively embrace diversity of thought and behaviors. After filling out a questionnaire, employees receive an Emergenetics profile that can be used to gain greater understanding of one’s actions at work and at home. Leaders can use their employees’ profile results to help maximize team effectiveness. Since this program was introduced, more than 11,000 leaders and employees have received their customized profiles. Teams may also participate in in-person or e-learning sessions to learn how to apply profile insights.
Micron connects high-potential employees with opportunities to develop leadership and technical skills. Leadership development programs are designed to go beyond the classroom to challenge current and future leaders to solve critical business cases using newly developed skills and behaviors.
Micron Leadership in Action (MLA)
Future Leaders Program
Technical Leadership Program
