6 Salesforce Employee Benefits That Make It A Great Company To Work For

Salesforce is a well-known and highly respected company in the tech industry. Its innovative products and services made it a leader in cloud computing and customer relationship management. 

But beyond its impressive business achievements, Salesforce is also known for being an exceptional employer with a strong focus on employee well-being.

Let's explore the employee benefits that make Salesforce a great company to work for. You will better understand the perks and rewards that attract top talent to this company and keep employee turnover low.

6 Salesforce Employee Benefits And Perks

Below are some of the best Salesforce employee benefits and perks:

1. Comprehensive Health Coverage

One of Salesforce's most significant employee benefits is its comprehensive health coverage. The company understands the importance of taking care of its employees' physical and mental well-being. This is why it offers a variety of healthcare plans, including:

Medical Coverage

Salesforce provides its employees with an extensive choice of healthcare plans featuring varying premiums, deductibles, and coverage scopes. These plans are primarily facilitated through global insurance giants such as Aetna or UHC.

A noteworthy feature of Salesforce's health coverage is the provision of Health Savings Accounts (HSAs) under select Aetna plans. HSAs are financial tools that allow employees to reserve funds for tax-free future healthcare costs. Sometimes, Salesforce contributes directly to these HSAs, further enriching its employee benefits package.

Dental Coverage

Salesforce doesn't skimp on dental benefits. Employees can access various dental plans covering annual check-ups and essential dental procedures. The specifics of each plan, including cost and coverage, vary to accommodate diverse needs – whether it's regular dental procedures, orthodontic treatment, or major surgeries.

Vision Coverage

Salesforce offers two vision plans: standard and premium. Both plans cover annual eye exams subject to a minimal deductible, a portion of the cost of new eyewear, and other basic vision-related expenses. 

As implied, the premium plan provides more comprehensive coverage, albeit at a higher cost.

To ensure its employees select the most suitable health coverage, Salesforce uses a digital assistant called Alex. Alex is engineered to guide employees meticulously through their benefits choices.

The process begins with Alex requesting basic information, such as the employee's family status, geographical location, and salary scale. Based on these inputs, it then suggests the most fitting packages. 

This user-friendly platform offers detailed explanations of each plan, allows side-by-side comparisons for easier decision-making, and encourages user feedback throughout the selection process.

2. 401k Options

Regarding 401k savings, Salesforce offers an attractive match. They will double any contribution employees make up to 6% of their salary. This generous match rate is a standout perk but is capped at $5,000 annually. 

While this limit might seem modest compared to other tech giants, it does have a silver lining. Employees can reach their 401k savings maximum each year more easily.

Hitting that cap is a goal that most Salesforce employees proudly achieve. This approach effectively encourages them to prioritize their retirement savings. With Salesforce's support, employees can build a substantial nest egg for their future.

3. Life & Disability Insurance

Salesforce provides ample life and disability insurance options, mirroring the comprehensive benefits packages of other tech industry leaders.

Their life insurance, facilitated by MetLife, offers a payout double the employee’s eligible pay, capping at an impressive $1.5 million.

For short-term disability, an employee can anticipate coverage of 80% of their on-target earnings, reaching up to $5,000 per week. As for long-term disability, expect coverage of two-thirds of their on-target earnings.

Specifics of the plan duration and continued coverage after resuming work vary. Employee feedback suggests that these substantial benefits align with expectations for top-tier tech companies, exhibiting thorough planning and effective execution, thus upholding their security and peace of mind.

4. Employee Stock Purchase Plan

At Salesforce, the Employee Stock Purchase Plan (ESPP) is designed to incentivize employees by offering company stocks at a discounted price. Employees can buy Salesforce shares at 15% off the lower price from either the offering or purchase date, using up to 15% of their post-tax income.

This benefit not only makes stock acquisition more accessible but also fosters a shared sense of ownership and commitment to the company's success. Many tech giants, such as Amazon and Google, lean heavily on Restricted Stock Units (RSUs) in their compensation packages and don't offer ESPPs. 

While others, like LinkedIn and Apple, offer ESPPs, they typically cap income contribution at 10%. Salesforce's approach stands out, making it a more attractive place to work and invest in a career.

5. Comprehensive Parental Leave Policy

Generous and flexible, Salesforce's parental leave policy is one of the tech world's best. Primary caregivers get a full 26-week leave post-childbirth, while secondary caregivers receive 12 weeks.

This thoughtful policy offers options to work from home or progressively return to work over 4 weeks, working 4 days instead of the usual 5. It reflects Salesforce's commitment to work-life balance and employee well-being.

To sweeten the deal, Salesforce provides a $250 meal stipend during this period. This consideration that eliminates the stress of cooking signifies their understanding of the challenges of new parenthood. It's these tailored benefits that attract and retain top-tier talent.

For employees hoping to get children, Salesforce provides the following support:

• Fertility support: Under Aetna and UHC plans, Salesforce provides access to the premier fertility service, Progyny. Employees are covered for three "SMART cycles," from initial consultation to comprehensive treatment. Beyond that, Salesforce bears 90% of the costs once the deductible is met.

• Surrogacy assistance: With the assistance of the Progyny program, Salesforce also extends support for surrogacy-related expenses. Up to $10,000 is covered, encompassing a wide range of needs such as pregnancy and childbirth costs.

• Adoption aid: Understanding the financial burden of adoption, Salesforce contributes up to $10,000 towards adoption-related expenses. This support extends to various aspects of the adoption process, including agency fees, travel, medical expenses, and more.

• Parental support: Salesforce ensures new or expecting parents cannot navigate parenthood alone. Through Cleo, parents can access individualized support and coaching designed to make the journey into parenthood easier and more manageable.

6. Attractive Paid Time Off Policy

Salesforce's generous Paid Time Off (PTO) policy is another attractive benefit for prospective employees. Recognizing the importance of time off to recharge, Salesforce offers its employees 7 days of Volunteer Time Off (VTO) annually. 

It fosters a culture of giving back by actively encouraging its employees to take this time and contribute to the community. This boosts employee morale and builds a connected and compassionate workforce.

Remarkably, Salesforce goes a step further, rewarding its top volunteers with a $10,000 grant that they can donate to a nonprofit of their choice. This unique combination of PTO and philanthropy strongly attracts top talent who look for purpose alongside their paycheck.

Final Thoughts

Unsurprisingly, Salesforce consistently ranks as one of the best companies to work for. Its unwavering commitment to its employees' well-being and growth sets it apart from other big brands. 

With a comprehensive range of benefits, perks, and rewards, it's no wonder why top talent continues to flock toward Salesforce. To ensure your organization remains competitive in the ever-evolving job market, it's essential to continually review and update your employee benefits package. 

Consider incorporating some of Salesforce's offerings into your policy to attract and retain top talent. Employees are a company's greatest asset. By investing in their well-being, you're ensuring the long-term success and growth of your business.