This report analyzes and compares SONIC HEALTHCARE's employee health insurance and employee benefits with its industry and in Texas 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
SONIC HEALTHCARE has superior 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 SONIC HEALTHCARE. superior tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SONIC HEALTHCARE 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. SONIC HEALTHCARE has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SONIC HEALTHCARE believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: SONIC HEALTHCARE encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, SONIC HEALTHCARE supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: SONIC HEALTHCARE has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: SONIC HEALTHCARE is always on the lookout for new leadership material and offers solid development programs for its team members. With access to solid resources, SONIC HEALTHCARE ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: SONIC HEALTHCARE is aware of the difficulties that new employees might experience when they join the team. That's why SONIC HEALTHCARE has a valuable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SONIC HEALTHCARE knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to SONIC HEALTHCARE.
- TUITION REIMBURSEMENT: SONIC HEALTHCARE 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 | SONIC HEALTHCARE | Industry | Texas |
|---|---|---|---|
| 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
SONIC HEALTHCARE 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 SONIC HEALTHCARE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SONIC HEALTHCARE does not offer counseling.
- DENTAL PLAN: SONIC HEALTHCARE offers a good 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: SONIC HEALTHCARE offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SONIC HEALTHCARE offers its team members remarkable health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. SONIC HEALTHCARE provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: SONIC HEALTHCARE has a remarkable healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: SONIC HEALTHCARE offers an outstanding maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: SONIC HEALTHCARE does not offer telehealth.
- VISION PLAN: SONIC HEALTHCARE provides a remarkable 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 | SONIC HEALTHCARE | Industry | Texas |
|---|---|---|---|
| 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
SONIC HEALTHCARE 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: SONIC HEALTHCARE 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, SONIC HEALTHCARE 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, SONIC HEALTHCARE offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: SONIC HEALTHCARE does not offer adoption assistance reimbursement.
- BONUS PAY: SONIC HEALTHCARE offers superb bonuses to team members who excel in their field of work, provide extraordinary results for SONIC HEALTHCARE, and encourage others to do the same.
- CHILDCARE DISCOUNT: SONIC HEALTHCARE does not offer childcare discount.
- COMMUTER BENEFIT: SONIC HEALTHCARE 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: SONIC HEALTHCARE offers an exceptional daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: SONIC HEALTHCARE has an impressive 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: SONIC HEALTHCARE offers a valuable life insurance policy to its team members for an affordable price. SONIC HEALTHCARE 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: SONIC HEALTHCARE realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why SONIC HEALTHCARE has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: SONIC HEALTHCARE has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, SONIC HEALTHCARE stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: SONIC HEALTHCARE has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SONIC HEALTHCARE | Industry | Texas |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared SONIC HEALTHCARE's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.