This report analyzes and compares SCOTTS MIRACLE-GRO's 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
SCOTTS MIRACLE-GRO has first-class 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 SCOTTS MIRACLE-GRO. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SCOTTS MIRACLE-GRO continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that SCOTTS MIRACLE-GRO uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: SCOTTS MIRACLE-GRO believes that an extraordinary coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: SCOTTS MIRACLE-GRO encourages its team members to work on their existing skills and gain new ones continually. By providing suitable development resources, SCOTTS MIRACLE-GRO supports their team members on their journey to perfection. Employees have a wide range of suitable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: SCOTTS MIRACLE-GRO has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: SCOTTS MIRACLE-GRO offers a wide variety of first-class courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by SCOTTS MIRACLE-GRO to grow as leaders and learn how to make tough calls.
- ONBOARDING: SCOTTS MIRACLE-GRO does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, SCOTTS MIRACLE-GRO implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: SCOTTS MIRACLE-GRO 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.
Benefit | SCOTTS MIRACLE-GRO | 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
SCOTTS MIRACLE-GRO offers superior 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 SCOTTS MIRACLE-GRO's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SCOTTS MIRACLE-GRO wants to make sure that its team members are physically and psychologically healthy, and emotionally balanced. In order to make that happen, Its first-class counseling program enables the team members to talk with experts 24/7. Employees can receive practical fitness and nutritional tips, talk about their problems, and learn effective techniques for dealing with stress and anxiety. Team members can count on confidentiality at all times.
- DENTAL PLAN: SCOTTS MIRACLE-GRO offers a valuable 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: SCOTTS MIRACLE-GRO offers a remarkable 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, SCOTTS MIRACLE-GRO offers suitable 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: To financially help its team members with medical emergencies, SCOTTS MIRACLE-GRO offers a valuable 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, SCOTTS MIRACLE-GRO has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: SCOTTS MIRACLE-GRO 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. SCOTTS MIRACLE-GRO can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: SCOTTS MIRACLE-GRO has an impressive 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.
Benefit | SCOTTS MIRACLE-GRO | 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
SCOTTS MIRACLE-GRO offers superior financial benefits for employees and their family members. A superior 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: SCOTTS MIRACLE-GRO knows how important it is to think about retirement and start saving on time. That's why it offers a valuable 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and SCOTTS MIRACLE-GRO will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, SCOTTS MIRACLE-GRO provides resources which will help team members decide what to do with their 401(k) plan. SCOTTS MIRACLE-GRO offers a valuable vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: SCOTTS MIRACLE-GRO has an extraordinary 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: SCOTTS MIRACLE-GRO has a solid bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: SCOTTS MIRACLE-GRO cooperates with partners and team members are eligible for superb discounts for a primary childcare.
- COMMUTER BENEFIT: SCOTTS MIRACLE-GRO has a suitable 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: SCOTTS MIRACLE-GRO has a great 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: SCOTTS MIRACLE-GRO has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: SCOTTS MIRACLE-GRO offers a good life insurance policy to its team members for an affordable price. SCOTTS MIRACLE-GRO 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: SCOTTS MIRACLE-GRO has an extraordinary 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: SCOTTS MIRACLE-GRO does not offer paid volunteer time off.
- PARENTAL LEAVE: SCOTTS MIRACLE-GRO has a first-class parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SCOTTS MIRACLE-GRO | 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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