Founded in 2002, Sprouts Farmers Market, Inc., is headquartered in Phoenix, U.S. Sprouts is a food and beverage retailer that believes in making healthy living affordable and accessible. The company aims at motivating its customers into adopting a healthier lifestyle. Sprouts’ employee benefits are quite comprehensive and affordable.
Sprouts is a growing industry and the company has multiple stores all across America. It has more than 20,000 employees. In addition to being a grocery store, Sprouts also has a sandwich bar, fish market, deli, butcher shop, and offers catering and pickup and delivery.
In 2018, Sprouts was featured on Fortune’s World’s Most Admired Companies list.
Sprouts Employee Benefits Team
Brandon Lombardi – Chief Human Resources and Legal Officer
Brandon Lombardi is the Chief Human Resources and Legal Officer at Sprouts Farmers Market. He is responsible for managing a group of professionals and he also oversees legal affairs.
Brandon went to Arizona State University where he earned his B.S. in Global Business. He also got a Juris from the Sandra Day O’Connor College of Law in Arizona State.
Find Brandon Lombardi on:
What are Sprouts’ Employee Benefits?
Sprouts’ employee benefits include the following:
|Medical Insurance||Employees can get health insurance after 6 months of service. The plan is affordable and comprehensive.|
|Dental and Vision Insurance||Health Insurance includes dental and vision coverage.|
|Health Savings Account (HSA)||Health Savings Account is offered with employer match up.|
|Flexible Spending Account (FSA)||Flexible Spending Account is offered for healthcare and dependent care costs.|
|401 (K) Plan||Sprouts offers a match up to 6%.|
|Paid Time Off||Employees can get 10 days of paid vacation and paid holidays.|
|Paid Parental Leave||The company provides the standard parental leave to new parents.|
|Disability Coverage||Sprouts offers short-term and long-term disability insurance.|
|Employee Assistance Program||This program provides support for everyday professional and personal challenges faced by employees.|
|Employee Discounts||Employees get a 15% discount on all store items. The company bumps up the discount to 20% on certain holidays.|
|Scholarship Program||Sprouts offers its employees and their families a college and vocational scholarship program.|
|Quarterly Bonus||You can get quarterly bonuses after spending a certain period of time with the company.|
What Employee Benefits is Sprouts Known for?
Sprouts’ employee benefits are one of the reasons why the company enjoys a good employee retention rate. These benefits provide employees with financial stability and help take care of their physical wellbeing while assisting them with their careers.
Here is a list of the company’s most well-known employee benefits:
- Health insurance, which includes Dental and Vision coverage.
- 401(k) plan with a match of up to 6%.
- Paid time off.
- Employee discounts.
- Quarterly bonuses.
- Health Savings Account (HSA).
- Flexible Spending Accounts (FSAs).
- Paid parental leave.
Healthcare is quite comprehensive and affordable. Dental and vision coverage is also included in the health plan. Employees can open an HSA for healthcare expenses. They can also opt for FSA accounts for dependent care and additional healthcare expenses. Sprouts also offers long-term and short-term disability insurance along with basic life and AD&D coverage.
Another popular benefit at Sprouts is employee discounts. You can get a 15% discount on all Sprouts products. On special occasions, the discounts can go up to 20%. The store discount is quite generous which makes grocery shopping for employees quite affordable.
The company also offers quarterly bonuses to all employees. The salary combined with quarterly bonuses and store discount makes the overall compensation competitive.
The savings plan is also good. The company offers a 401(k) match up to 6%. Employees have to wait for at least 6 months to become eligible for the 401(k) savings plan.
Sprouts also offers a college and vocational school scholarship program called the Henry Boney Memorial Scholarship program. The scholarship is given to the employees and their families based on their academic record, financial need, school track record and community activities.
How does Sprouts Help with Student Loans?
Sprouts does not help with student loan repayment at this time. According to Glassdoor.com, the company does offer tuition assistance through scholarship programs but does not offer tuition assistance.
Student loans are a huge concern for American college graduates who leave college burdened with a massive financial loan. The combined student debt of all Americans above the age of 18 has gone up to more than $1.5 trillion. To get some relief and pay back these loans faster, job seekers try to look for employers who provide student loan assistance.
Many corporations are now acknowledging the benefit of providing help with student loans and want to implement the benefits program. However, one challenge is to find a way to implement these benefits that is efficient. One of the best solutions is through FutureFuel. It is a one-stop student debt management system that allows its users to sign up for personalized accounts, oversee student loan benefits program, manage student loans, make loan payments and transfer contributions.
How do Sprouts Benefits Change for Different Jobs?
Although Sprouts offers comprehensive benefits, the benefits are not the same for everyone. The employee benefits can vary with the job title, the years of experience, state policies and other factors.
Here are some of the examples that can cause changes in the benefits policies:
- The insurance packages might be different for full-time and part-time employees.
- The number of paid vacations can vary for new employees.
- Not everyone will qualify for the scholarship program.
- New hires do not have immediate access to benefits such as savings plans and PTO.
How Has Sprouts Improved its Benefits Package Over Time?
Sprouts is around 17 years old. During this short period of time, the company has earned the reputation of being an excellent workplace. It has been able to achieve this through its compensation and benefits package. The company has a progressive strategy that focuses on improving employee benefits to allow employees to keep up with the changing times.
Sprouts has tried its best to keep its insurance packages as affordable as possible. Moreover, it also keeps introducing new benefits, such as the scholarship programs, to help its employees move forward and improve their personal and professional lives.
Benefits like employee discounts, bonuses, PTO and savings plan also get better as your years of services at the company accrue.
Are Sprouts Careers Worth It?
Sprouts may be only 17 years old but the company has become a reputable place of employment. Its policies focus on the betterment of employees’ careers and personal lives.
Here are some important factors that make Sprouts careers worth it:
- Insurance packages, such as health disability, provide you with medical assistance that offers financial relief from medical bills.
- The 401(k) plan sets you up well for a comfortable retirement.
- PTO gives you a good work-life balance.
- The Scholarship Program allows employees to continue their education. It even helps their dependents.
- Employee discounts and bonuses increase the monetary value of your overall compensation package.
Discover Sprouts Jobs and Careers
Here are some of the places you should check if you are looking for a job opportunity at Sprouts:
The official careers page of Sprouts has all the job opportunities listed categorically. Pick the category you are interested in and you can see all the available jobs and their details. You can also narrow down your search by typing specific search keywords in the search toolbar. The website allows you to submit your application online.
Glassdoor has about 3.5K job listings across all locations. In order to find the job you are interested in, you can use the search tool to narrow down your choices. Each job listing also contains the necessary details such as job description, responsibilities, qualifications, expected salary, and required skills. Glassdoor also has a reviews section that has reviews from current and former employees of the company. These reviews will help you make an informed decision.
Indeed has more than 1,500 jobs across all locations. Each listing has all the necessary information. The search bar can be used to filter your search and save time. Indeed has a detailed question and answer section that will give you almost all the information regarding the company’s work culture and the type of employee experience it offers.