This report analyzes and compares SPROUTS FARMERS MARKETS' employee health insurance and employee benefits with its industry and in Arizona State.

COMPARE SPROUTS FARMERS MARKETS' EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

SPROUTS FARMERS MARKETS offers solid career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. SPROUTS FARMERS MARKETS 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: SPROUTS FARMERS MARKETS 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. SPROUTS FARMERS MARKETS has great resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: SPROUTS FARMERS MARKETS believes that an impressive coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
  • DEVELOPMENT RESOURCES: SPROUTS FARMERS MARKETS offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
  • GED REIMBURSEMENT: SPROUTS FARMERS MARKETS does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: SPROUTS FARMERS MARKETS does not offer leadership programs.
  • ONBOARDING: SPROUTS FARMERS MARKETS is aware of the difficulties that new employees might experience when they join the team. That's why SPROUTS FARMERS MARKETS has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
  • RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, SPROUTS FARMERS MARKETS implemented a valuable Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: SPROUTS FARMERS MARKETS has a solid Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
SPROUTS FARMERS MARKETS's career benefits comparison table

Benefit

SPROUTS FARMERS MARKETS

Industry

Arizona

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

SPROUTS FARMERS MARKETS offers first-class 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 SPROUTS FARMERS MARKETS's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: SPROUTS FARMERS MARKETS does not offer counseling.
  • DENTAL PLAN: SPROUTS FARMERS MARKETS offers a suitable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
  • HEALTH INSURANCE: SPROUTS FARMERS MARKETS provides an extraordinary health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
  • HEALTH PLAN INCENTIVES: SPROUTS FARMERS MARKETS is aware of the fact that a healthy employee is a productive employee so it offers excellent 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: To financially help its team members with medical emergencies, SPROUTS FARMERS MARKETS offers a suitable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
  • MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, SPROUTS FARMERS MARKETS has created a first-class maternity support program to support its expecting team members.
  • TELEHEALTH: SPROUTS FARMERS MARKETS has a solid telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. SPROUTS FARMERS MARKETS can recommend a certain doctor or institution and covers up to 50% of the costs.
  • VISION PLAN: SPROUTS FARMERS MARKETS has an extraordinary Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
SPROUTS FARMERS MARKETS's healthcare benefits comparison table

Benefit

SPROUTS FARMERS MARKETS

Industry

Arizona

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

SPROUTS FARMERS MARKETS 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: SPROUTS FARMERS MARKETS has an outstanding 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, SPROUTS FARMERS MARKETS offers an outstanding 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, SPROUTS FARMERS MARKETS offers individual financial consultations so that each employee can create a personalized investment plan.
  • ADOPTION ASSISTANCE REIMBURSEMENT: SPROUTS FARMERS MARKETS has an excellent 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: SPROUTS FARMERS MARKETS has an outstanding bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
  • CHILDCARE DISCOUNT: SPROUTS FARMERS MARKETS does not offer childcare discount.
  • COMMUTER BENEFIT: SPROUTS FARMERS MARKETS has a valuable 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: SPROUTS FARMERS MARKETS has a solid daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
  • DISABILITY: SPROUTS FARMERS MARKETS offers a top-notch 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: SPROUTS FARMERS MARKETS offers a suitable life insurance policy to its team members for an affordable price. SPROUTS FARMERS MARKETS 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: SPROUTS FARMERS MARKETS wants for its team members to lead a happy and fulfilled life so it has a suitable vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
  • PAID VOLUNTEER TIME OFF: SPROUTS FARMERS MARKETS has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, SPROUTS FARMERS MARKETS stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: SPROUTS FARMERS MARKETS has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
SPROUTS FARMERS MARKETS's financial benefits comparison table

Benefit

SPROUTS FARMERS MARKETS

Industry

Arizona

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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