SRAM, LLC
SRAM, LLC Compensation & Benefits
SRAM, LLC Employee Perspectives
How do you make sure that you evolve your perks and benefits package to meet what employees need in the moment?
Ensuring our perks and benefits remain responsive to the needs of our team members is a priority. We’ve designed our offerings to be flexible to enable team members to personalize their packages. We believe in empowering our team members with knowledge and are invested in developing educational resources that present benefits in a more holistic manner, emphasizing how benefits can support team members at different life stages. This approach goes beyond merely listing benefits; it helps team members understand how these offerings can be integrated into their overall well-being strategy.
What benefits have you pulled back on over the last year or so? What have you doubled up on?
We’ve increased our investments in several key areas.
Wellness: We created a month-long challenge designed to help team members rebuild healthy habits. This served as a launching point for our wellness program, which promotes a holistic and healthy lifestyle. Achieving “SRAM Fit” status comes with the perk of a lifestyle spending account, providing financial incentives for prioritizing wellness.
Mental health: We introduced a new employee assistance program that offers access to coaching and therapy resources. This program is available not only to our team members but also to eligible family members and includes free in-person therapy sessions.
Time off: We enhanced our vacation policies to provide more paid time off and added Juneteenth as a company holiday. We increased our support for parents by expanding parental leave policies and providing additional resources for parents.
We have not reduced or discontinued any benefits. Instead, we are focused on optimizing our existing offerings.
What role does employee feedback play in making sure you’re putting together a relevant perks and benefits package that meets employees’ needs?
Real-time feedback from our team members is invaluable. Whether it’s through engaging with their local HR partner, one-on-one discussions or our global engagement survey, we actively seek feedback and input. Our global feedback survey is designed to delve into the employee experience, capturing feedback from team members on leadership, their work team, job satisfaction and our workplaces. It provides a great overview of our organization’s health and helps us understand local needs and build relevant roadmaps to sustain our strengths and make improvements where needed.
SRAM, LLC Employee Reviews
SRAM, LLC's Benefits
Offers company equity
Offers performance bonuses
SRAM offers performance bonus opportunities that reward wins we make as a team.
Provides pay transparency
Provides relocation assistance
On a case basis, SRAM offers relocation assistance, including home finding, temporary housing, moving costs and travel expenses reimbursement.
Hosts company-sponsored family events
Family members are encouraged to join us at the annual summer picnic and holiday party!
Offers childcare benefits
SRAM offers a Dependent Care FSA for team members to pay for childcare expenses on a pre-tax basis up to a $5,000 annual maximum. SRAM offers Milk Stork, a breast-milk delivery service at no cost.
Offers generous parental leave
SRAM provides 8 weeks of Birth Parent Medical Leave after childbirth, as well as 4 weeks paid Parental Leave upon birth or adoption.
Provides a post-parental leave return-to-work program
Provides an onsite Mother's Room
Provides family medical leave
SRAM offers up to 12 weeks of unpaid, job-protected leave per year, as well as maintained health benefits, for any employee eligible under the Family and Medical Leave Act (FMLA).
Provides fertility benefits
SRAM medical and pharmacy plans provide coverage for infertility treatment.
Offers dental insurance
SRAM offers two dental plans to meet team members' needs, both include 100% coverage for preventive care, including x-rays, and orthodontia coverage is available.
Offers Flexible Spending Account (FSA)
SRAM's Health FSA and Dependent Care FSA cover out-of-pocket expenses related to medical care and childcare with pre-tax contribution up to $3,400 and $7,500 respectively.
Offers health insurance
SRAM's offers a variety of medical plans with Aetna to support team members medical needs. Team members may choose betweeen PPO or HSA eligible plans, and receive either $500 or $1,000 of HSA funding.
Offers mental health benefits
SRAM's medical plans include coverage for mental health visits. All team members receive 6 free therapy sessions through our EAP providers and acces to virtual care with a variety of digital offerings
Offers pet insurance
Offers transgender health care benefits
Offers vision insurance
SRAM's vision insurance provides coverage for preventive eye exams, glasses, and contact lenses with copayment. Frames and contact lenses are covered up to $130.
Offers 401(K)
SRAM'sn401(k) retirement plan offers a broad selection of stocks, bonds and international index funds to choose from.
Offers charitable contribution matching
SRAM matches contributions to World Bicycle Relief dollar for dollar.
Offers disability insurance
SRAM's disability insurance benefit is 60% of an employee's monthly salary up to a $15,000 maximum monthly benefit.
Offers life insurance
SRAM provides no-cost basic life and AD&D coverage to all team members equivalent to 1x annual salary. Team members may purchase additional coverage if desired.
Provides 401(K) matching
SRAM will match 100% of your individual contributions to your 401(k) on the first 3% and match 50% on the next 2% contributed for a total of 4%.
Provides hardship benefits
