Cardinal Health is a U.S multinational services company for healthcare. Its headquarters are in Dublin, Ohio. The company has more than 50,000 employees and Cardinal Health employee benefits are among the best in the industry.
Cardinal Health is a medical product and pharmaceutical distributor. It also manufactures surgical and medical products and covers over 100,000 locations. Around 75% of the total hospitals in the United States get medical products from Cardinal.
The pharmaceutical giant is the 14th largest company in the U.S by revenue.
Cardinal Health Employee Benefits Team
Ola Snow – Chief Human Resources officer
Ola Snow joined Cardinal Health in 2001 and since then has overseen over 25 acquisitions and mergers. She is responsible for all aspects of HR including Talent Acquisition, Talent Management, Total Rewards, HR Strategy, Executive Compensation, Diversity & Inclusion, HR Technology, and Real Estate, etc.
Before joining Cardinal Health, Snow worked at TeleSpectrum Worldwide. She received her Human Resources Management degree from the University of Alabama.
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What are Cardinal Health’s Employee Benefits?
Some of the major Cardinal employee benefits include the following:
|Healthcare Plan||A comprehensive medical coverage plan. The company offers multiple plan options.|
|Dental Coverage||Dental coverage is administered through MetLife. You can choose between Basic and Plus PPO. Reduced prices when employees choose in-network dentists.|
|Vision Coverage||It is available through EyeMed. You get coverage for vision exams, frames, lenses, elective lenses, and laser vision correction.|
|Health Savings Account (HSA)||You can set aside pre-tax money for healthcare expenses.|
|Flexible Spending Accounts (FSA)||Pretax money account. You can set aside funds for healthcare and dependent care expenses.|
|401 (k) Plan||Employees get a match of up to 5% or more.|
|Disability Coverage||Cardinal Health offers short-term (coverage up to 26 weeks) and long-term (after 26 weeks of STD) disability coverage.|
|Paid Time Off||PTO includes vacation and sick days. You start off with about 4 weeks and go up to 6-7 weeks. PTO is available from the start.|
|Maternity and Parental Leave||2 weeks of paid parental leave is available for both parents, adoptive parents and parents through surrogacy. Birthing mothers can get up to 10 weeks by using their short-term disability coverage.|
|Adoption Assistance||The company covers a portion of your adoption expenses.|
|Employee Assistance Program||This program helps employees with day-to-day personal and professional challenges.|
|Basic Life Insurance||The coverage is given at no cost to beneficiaries in case of an employee’s death. It is equivalent to 1x an employee’s benefits pay.|
|Child Life Insurance||Coverage up to $10,000 for your children up to 26 years of age.|
|Tuition Assistance||Tuition assistance for job-related degrees and programs.|
|Business Travel Insurance||This covers healthcare expenses for unexpected incidents and healthcare issues while traveling for work.|
What Benefits is Cardinal Health Known for?
Cardinal Health offers competitive benefits that promise to provide a good employee experience. All the available benefits focus on employees’ mental, physical and financial wellbeing. Some of the most known benefits of the company include the following:
- Health insurance plan.
- Dental and Vision coverage.
- PTO starting from 4 weeks.
- Maternity leave with full pay up to 10 weeks. Two weeks of paternal leave for fathers.
- 401(k) match up to 5% or more of your salary.
- Adoption assistance.
- Flexible Spending Accounts (FSA).
Cardinal Health’s medical plan is provided through BlueCross and BlueShield’s Anthem and Kaiser. Employees get to choose from four different Anthem Consumer-Driven Health Plans (CDHPs). The healthcare plan also includes dental coverage that offers two plan options, Basic PPO and Plus PPO. Vision is available through EyeMed and employees also get prescription drug coverage.
The company’s 401(k) plan is also quite good. For every 1% of an employee’s contribution, the company’s match is 2%. For an employee’s 2% contribution the company match is 3%, for the employee’s 3% company’s match is 3.5%, for 4% the company’s match is 4% and for 5% or more company’s match is 4.5%. Cardinal Health also offers up to 4% of the discretionary contributions. Employees are always 100% vested in their own and company’s contributions.
As for Cardinal Health’s PTO, it includes vacation and sick days. You get up to 4 weeks of time off right from the start. According to Cardinal Health’s employee reviews on Glassdoor, you can accumulate up to 6-7 weeks.
Besides company-covered perks, employees can also sign up for many voluntary benefits. This complete benefits package plays a major role in keeping employees motivated and improving the company’s employee retention rate.
How does Cardinal Health Help with Student Loans?
Cardinal Health does not help its employees with their student loans at this time. The company, however, does offer tuition reimbursement for job-related degrees and programs.
Even though tuition reimbursement helps the employee continue their education, it does not help them pay back their student debt. Employees have to figure out their repayments on their own, which can lead to financial instability.
Student loans are one of the biggest financial issues for Americans. The collective student loan debt of American college graduates has gone up to a record-high of $1.5 trillion. Due to the massive financial burden these loans cause, job seekers mostly look for employers that provide student loan benefits to their employees. Consequently, companies that offer this benefit get the best talent.
In order to get the most talented workforce, many corporations are planning to add student loan repayment programs to their existing benefits package. But the major question is how to implement it flawlessly?
One of the best solutions is through FutureFuel. This unique platform allows both employers and employees to set up their accounts. Employers can use their accounts to not only manage the program but also transfer company contributions to employees’ student loan funds. Employees, on the other hand, can manage their student loans efficiently through their accounts.
How do Cardinal Health Benefits Change for Different Jobs?
Cardinal Health employee benefits are quite comprehensive and available for both full-time and part-time employees. However, the nature of these benefits changes for different jobs. Here is how some of the benefits are likely to change:
- Healthcare insurance is available through Anthem and Kaiser, the latter is available only in a few U.S regions.
- The number of PTO days depends on your years of service.
- Female employees eligible for short-term disability coverage get 10 weeks of fully paid maternity leave. Mothers that do not qualify for short-term disability get only 2 weeks off.
- Part-time employees do not get the same coverage as full-time employees.
- Benefits vary with state policies.
How Has Cardinal Health Improved its Benefits Package Over Time?
Cardinal Health has been around since 1971. Today, it is considered one of the best places to work because of its work culture and the benefits it offers to its employees. The company makes a conscious effort to keep its employees happy and motivated by introducing excellent incentives and frequently upgrading its benefits package.
Here are a few things that the company has done for its employees over the years:
- Cardinal Health has improved its health insurance plan over the years. The company tries to keep the coverage affordable yet comprehensive.
- PTO gets better as you spend more years with the company. This can help you maintain a good work-life balance.
- The savings plan and investment options have grown in size and number.
- The company not only takes care of its full-time employees but also keeps offering good benefits to its part-time employees.
- Employees can get regular salary increases.
Are Cardinal Health Careers Worth It?
Cardinal Health has won many best workplace awards. The main reasons for the company’s success and popularity among employees are the benefits and career growth opportunities it offers its employees. Here are a few major factors why Cardinal Health is an excellent career option:
- The company lets its employees rotate through its different departments. This allows employees to learn and develop extensive skills and knowledge. It also enables them to explore different career options.
- Cardinal’s 401(k) plan has 21 investment options and a good company match. It allows employees to save up to 50% of their eligible salary. The plan sets you up well for your retirement.
- The company’s medical plan is very comprehensive, which means you can save tons of money on medical expenses.
- Cardinal Health offers excellent internship programs that will help you gain valuable knowledge of the industry.
- Employees get competitive salary packages that help them attain financial stability.
- The tuition reimbursement program allows you to continue your education, which can open up new career avenues for you.
Moreover, Cardinal Health is an excellent workplace and a career opportunity for military veterans.
Discover Cardinal Health Jobs and Careers
If you want to build a career at Cardinal Health, you need to know where to look for available vacancies at the company. Here are a few places where you can find all the job listings.
Cardinal Health Careers
The official Careers page of Cardinal Health lists all the jobs by their categories. You can select each category and find related jobs. Each listing all the necessary information. You can also apply search filters and look for vacancies based on your preferences. The website allows you to submit your application online.
Cardinal Health Glassdoor
Glassdoor features about 4.4k vacancies. Each job listing contains all the necessary information such as job descriptions, expected salary, requirements, and experience needed, etc. To save time and narrow down your search, you can use the website’s search feature. Glassdoor also has hundreds of employee reviews that will give you a good idea about the company’s work culture.
Cardinal Health Indeed
Indeed has more than a thousand job openings and all the necessary information about each listing. You can make your search easier through the website’s search feature. Besides employee reviews, Indeed has a Q&A section where you can find answers to all the frequently asked questions.
Cardinal Health LinkedIn
LinkedIn is another good place for your job search. Since there are more than a thousand jobs available, you can use the search feature to narrow down your search. You need to click on a job listing to get more information about the job you want to apply to. The website lets you apply directly on the company’s website.