This report analyzes and compares SOVRAN SELF STORAGE's employee health insurance and employee benefits with its industry and in New York 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
SOVRAN SELF STORAGE offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. SOVRAN SELF STORAGE believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: SOVRAN SELF STORAGE believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. SOVRAN SELF STORAGE has valuable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, SOVRAN SELF STORAGE can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows SOVRAN SELF STORAGE to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: SOVRAN SELF STORAGE has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SOVRAN SELF STORAGE does not offer leadership programs.
- ONBOARDING: SOVRAN SELF STORAGE is aware of the difficulties that new employees might experience when they join the team. That's why SOVRAN SELF STORAGE has a great Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: SOVRAN SELF STORAGE has a remarkable Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: SOVRAN SELF STORAGE does not offer tuition reimbursement.
Benefit | SOVRAN SELF STORAGE | Industry | New York |
|---|---|---|---|
| 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
SOVRAN SELF STORAGE 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 SOVRAN SELF STORAGE's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SOVRAN SELF STORAGE has an extraordinary counseling program for its employees and their family members. Team members are encouraged by SOVRAN SELF STORAGE to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This extraordinary counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
- DENTAL PLAN: SOVRAN SELF STORAGE cares about its team members' dental health so it offers an excellent 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: SOVRAN SELF STORAGE offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SOVRAN SELF STORAGE does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SOVRAN SELF STORAGE has a superior 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: SOVRAN SELF STORAGE 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: SOVRAN SELF STORAGE 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: SOVRAN SELF STORAGE has an exceptional 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 | SOVRAN SELF STORAGE | Industry | New York |
|---|---|---|---|
| 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
SOVRAN SELF STORAGE offers remarkable financial benefits for employees and their family members. A remarkable 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: SOVRAN SELF STORAGE 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. SOVRAN SELF STORAGE 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 SOVRAN SELF STORAGE has Matching program that matches 75% of employees' contributions. Whatever SOVRAN SELF STORAGE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SOVRAN SELF STORAGE. Recognizing that every team member is unique, with specific needs and goals, SOVRAN SELF STORAGE keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SOVRAN SELF STORAGE has a remarkable Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by SOVRAN SELF STORAGE.
- BONUS PAY: SOVRAN SELF STORAGE offers superior bonuses to team members who excel in their field of work, provide extraordinary results for SOVRAN SELF STORAGE, and encourage others to do the same.
- CHILDCARE DISCOUNT: SOVRAN SELF STORAGE does not offer childcare discount.
- COMMUTER BENEFIT: SOVRAN SELF STORAGE acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SOVRAN SELF STORAGE offers an excellent 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: SOVRAN SELF STORAGE offers a superior 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: SOVRAN SELF STORAGE offers an extraordinary life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This extraordinary life insurance package contains dependent policies as well.
- PAID TIME OFF: SOVRAN SELF STORAGE wants for its team members to lead a happy and fulfilled life so it has a valuable 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: SOVRAN SELF STORAGE recognizes the importance of giving back to the community so it offers a great volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by SOVRAN SELF STORAGE, on volunteer work of their choice.
- PARENTAL LEAVE: SOVRAN SELF STORAGE has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SOVRAN SELF STORAGE | Industry | New York |
|---|---|---|---|
| 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 SOVRAN SELF STORAGE'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.