This report analyzes and compares SHERWOOD FOOD DISTRIBUTORS' employee health insurance and employee benefits with its industry and in Michigan 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
SHERWOOD FOOD DISTRIBUTORS has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the SHERWOOD FOOD DISTRIBUTORS. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SHERWOOD FOOD DISTRIBUTORS continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that SHERWOOD FOOD DISTRIBUTORS uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: SHERWOOD FOOD DISTRIBUTORS believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: SHERWOOD FOOD DISTRIBUTORS encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, SHERWOOD FOOD DISTRIBUTORS 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: SHERWOOD FOOD DISTRIBUTORS has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SHERWOOD FOOD DISTRIBUTORS believes that providing its team members with extraordinary leadership programs is a crucial step in creating new leaders. By using extraordinary tools that SHERWOOD FOOD DISTRIBUTORS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: SHERWOOD FOOD DISTRIBUTORS does not offer onboarding.
- RECOGNITION PROGRAMS: SHERWOOD FOOD DISTRIBUTORS knows that dedicated team members are hard to come by so it has an exceptional Recognition program for those who stand out and continually contribute to SHERWOOD FOOD DISTRIBUTORS.
- TUITION REIMBURSEMENT: SHERWOOD FOOD DISTRIBUTORS realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | SHERWOOD FOOD DISTRIBUTORS | Industry | Michigan |
|---|---|---|---|
| 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
SHERWOOD FOOD DISTRIBUTORS offers top-notch 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 SHERWOOD FOOD DISTRIBUTORS's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SHERWOOD FOOD DISTRIBUTORS is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SHERWOOD FOOD DISTRIBUTORS implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: SHERWOOD FOOD DISTRIBUTORS 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: SHERWOOD FOOD DISTRIBUTORS offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: SHERWOOD FOOD DISTRIBUTORS is aware of the fact that a healthy employee is a productive employee so it offers impressive health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: SHERWOOD FOOD DISTRIBUTORS 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: Aware of the challenges that come with pregnancy, SHERWOOD FOOD DISTRIBUTORS has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: SHERWOOD FOOD DISTRIBUTORS has an outstanding 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: SHERWOOD FOOD DISTRIBUTORS provides a top-notch Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | SHERWOOD FOOD DISTRIBUTORS | Industry | Michigan |
|---|---|---|---|
| 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
SHERWOOD FOOD DISTRIBUTORS offers superb financial benefits for employees and their family members. A superb 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: SHERWOOD FOOD DISTRIBUTORS has an impressive 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, SHERWOOD FOOD DISTRIBUTORS offers an impressive program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, SHERWOOD FOOD DISTRIBUTORS offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: SHERWOOD FOOD DISTRIBUTORS does not offer adoption assistance reimbursement.
- BONUS PAY: SHERWOOD FOOD DISTRIBUTORS offers remarkable bonuses to team members who excel in their field of work, provide extraordinary results for SHERWOOD FOOD DISTRIBUTORS, and encourage others to do the same.
- CHILDCARE DISCOUNT: SHERWOOD FOOD DISTRIBUTORS offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: SHERWOOD FOOD DISTRIBUTORS acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SHERWOOD FOOD DISTRIBUTORS offers a superb 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: SHERWOOD FOOD DISTRIBUTORS has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: SHERWOOD FOOD DISTRIBUTORS offers a suitable life insurance policy to its team members for an affordable price. SHERWOOD FOOD DISTRIBUTORS 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: SHERWOOD FOOD DISTRIBUTORS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why SHERWOOD FOOD DISTRIBUTORS has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: SHERWOOD FOOD DISTRIBUTORS believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why SHERWOOD FOOD DISTRIBUTORS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: SHERWOOD FOOD DISTRIBUTORS has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SHERWOOD FOOD DISTRIBUTORS | Industry | Michigan |
|---|---|---|---|
| 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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