This report analyzes and compares SPARROW HEALTH SYSTEMS' 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
SPARROW HEALTH SYSTEMS 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 SPARROW HEALTH SYSTEMS. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SPARROW HEALTH SYSTEMS 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. SPARROW HEALTH SYSTEMS has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: SPARROW HEALTH SYSTEMS believes that an excellent coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: SPARROW HEALTH SYSTEMS offers top-notch development resources to enable its employees to grow on a personal and a professional plan. With access to top-notch intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SPARROW HEALTH SYSTEMS has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SPARROW HEALTH SYSTEMS believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that SPARROW HEALTH SYSTEMS provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: SPARROW HEALTH SYSTEMS offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, SPARROW HEALTH SYSTEMS implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: SPARROW HEALTH SYSTEMS has a great 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 | SPARROW HEALTH SYSTEMS | 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
SPARROW HEALTH SYSTEMS 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 SPARROW HEALTH SYSTEMS's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SPARROW HEALTH SYSTEMS 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: Team members at SPARROW HEALTH SYSTEMS have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. SPARROW HEALTH SYSTEMS partially pays for dentures and braces as well.
- HEALTH INSURANCE: SPARROW HEALTH SYSTEMS offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SPARROW HEALTH SYSTEMS offers its team members superior 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. SPARROW HEALTH SYSTEMS provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: SPARROW HEALTH SYSTEMS offers an exceptional 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, SPARROW HEALTH SYSTEMS has created a superior maternity support program to support its expecting team members.
- TELEHEALTH: SPARROW HEALTH SYSTEMS does not offer telehealth.
- VISION PLAN: SPARROW HEALTH SYSTEMS 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 | SPARROW HEALTH SYSTEMS | 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
SPARROW HEALTH SYSTEMS offers top-notch financial benefits for employees and their family members. A top-notch 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: SPARROW HEALTH SYSTEMS knows how important it is to think about retirement and start saving on time. That's why it offers a great 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 SPARROW HEALTH SYSTEMS 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, SPARROW HEALTH SYSTEMS provides resources which will help team members decide what to do with their 401(k) plan. SPARROW HEALTH SYSTEMS offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: SPARROW HEALTH SYSTEMS has a superb 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 SPARROW HEALTH SYSTEMS.
- BONUS PAY: SPARROW HEALTH SYSTEMS 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: SPARROW HEALTH SYSTEMS cooperates with partners and team members are eligible for top-notch discounts for a primary childcare.
- COMMUTER BENEFIT: SPARROW HEALTH SYSTEMS offers exceptional commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: SPARROW HEALTH SYSTEMS has a valuable 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: SPARROW HEALTH SYSTEMS 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: SPARROW HEALTH SYSTEMS has a remarkable life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: SPARROW HEALTH SYSTEMS realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why SPARROW HEALTH SYSTEMS has a first-class vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: SPARROW HEALTH SYSTEMS believes that outstanding volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why SPARROW HEALTH SYSTEMS offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: SPARROW HEALTH SYSTEMS has a solid parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SPARROW HEALTH SYSTEMS | 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 |
Improve this report:
We have prepared SPARROW HEALTH SYSTEMS' 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.