This report analyzes and compares SHERWIN-WILLIAMS' employee health insurance and employee benefits with its industry and in Ohio State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
SHERWIN-WILLIAMS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. SHERWIN-WILLIAMS believes that every employee has a valuable set of skills so it helps them plan their careers with solid developmental resources and mentorships.
- CAREER PLANNING: SHERWIN-WILLIAMS believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. SHERWIN-WILLIAMS has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SHERWIN-WILLIAMS does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: SHERWIN-WILLIAMS encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, SHERWIN-WILLIAMS supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: SHERWIN-WILLIAMS has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SHERWIN-WILLIAMS believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that SHERWIN-WILLIAMS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: SHERWIN-WILLIAMS offers a superb Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, SHERWIN-WILLIAMS implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: SHERWIN-WILLIAMS has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | SHERWIN-WILLIAMS | Industry | Ohio |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
SHERWIN-WILLIAMS offers remarkable health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy SHERWIN-WILLIAMS's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SHERWIN-WILLIAMS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SHERWIN-WILLIAMS implemented a suitable counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This suitable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: SHERWIN-WILLIAMS cares about its team members' dental health so it offers an exceptional dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: SHERWIN-WILLIAMS offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, SHERWIN-WILLIAMS offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: SHERWIN-WILLIAMS offers an extraordinary healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: SHERWIN-WILLIAMS has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SHERWIN-WILLIAMS has an extraordinary telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: SHERWIN-WILLIAMS offers a solid Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | SHERWIN-WILLIAMS | Industry | Ohio |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
SHERWIN-WILLIAMS offers first-class financial benefits for employees and their family members. A first-class 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: SHERWIN-WILLIAMS has a remarkable 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. SHERWIN-WILLIAMS provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a remarkable SHERWIN-WILLIAMS has Matching program that matches 75% of employees' contributions. Whatever SHERWIN-WILLIAMS contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SHERWIN-WILLIAMS. Recognizing that every team member is unique, with specific needs and goals, SHERWIN-WILLIAMS keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SHERWIN-WILLIAMS has an exceptional Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: SHERWIN-WILLIAMS offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for SHERWIN-WILLIAMS, and encourage others to do the same.
- CHILDCARE DISCOUNT: SHERWIN-WILLIAMS has an outstanding childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: SHERWIN-WILLIAMS has a good commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SHERWIN-WILLIAMS offers a top-notch daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: SHERWIN-WILLIAMS offers a superb short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: SHERWIN-WILLIAMS offers a good life insurance policy to its team members for an affordable price. SHERWIN-WILLIAMS participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: SHERWIN-WILLIAMS has an impressive vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: SHERWIN-WILLIAMS does not offer paid volunteer time off.
- PARENTAL LEAVE: SHERWIN-WILLIAMS has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SHERWIN-WILLIAMS | Industry | Ohio |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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