SAP North America partners with leading pet specialty retailer Petco to provide full-time employees with comprehensive pet health and wellness benefits through its SAP & Mercer Voluntary Benefits program.
According to the Anxiety and Depression Association of America (ADAA), 98% of pet owners consider their pet to be a member of the family, and 74% of pet owners reported mental health improvements from pet ownership. Furthermore, a poll of 1,227 working adults shows that pet insurance is among the top 15 most coveted employee benefits, which has steadily gained ground on the voluntary benefits menu over the past few years. Indeed, data from the North American Pet Health Insurance Association (NAPHIA) reported that the total number of pets insured in North America reached 2.43 million.
SAP works continuously to provide an outstanding employee experience by providing employee benefits that extend beyond healthcare coverage and retirement plans, with a variety of global and local options. To address the growing need for more comprehensive pet health and wellness benefits and to support its employees’ mental wellbeing—especially now when employees are forced to stay at home due to the pandemic and with the crisis causing negative impacts on people’s mental health—SAP North America decided to partner with Petco to offer pet insurance and bereavement programs to its full-time employees.
“SAP is a high-performance organization. People work really hard and those kinds of hours can get pretty stressful. When [an employee] steps into their house and a pet is there, you know they’re there to help ground you and keep you sane. We’ve been hearing a lot of just how important pets are in [employees’] lives.”-Jason Russell, SAP Head of North America Total Rewards
The Petco wellness program is available through the SAP and Mercer Voluntary Benefits program, which is designed to manage health and other benefit programs for SAP employees in North America. Employees who sign up get access to a reduced rate of 10% in Preventive Care and up to 20% on Petco Insurance. It includes features such as preventive care plan for routine vet care, insurance coverage for accidents and illnesses, personalized content tailored to pet’s individual care needs, free Ask-a-Vet and Concierge Services, and 10% discounts on products and services.
Other employee benefits available in the SAP and Mercer Voluntary program include insurance programs from top-rated companies like MetLife Auto & Home®, Travelers, Liberty Mutual Insurance, Safeco Insurance®, and Progressive:
- auto insurance
- home and renter insurance
- group accident insurance
- group critical illness insurance
- identity protection with PrivacyArmor Plus
- legal insurance from ARAG
- long-term care insurance by Genworth Life Insurance Company
- group hospitality indemnity insurance
About SAP North America
SAP North America oversees SAP’s business operations in the U.S. and Canada, headquartered in Newtown Square, Pennsylvania. The company serves more than 187, 300 customers in 25 industries. It has consistently ranked among employer-of-choice awards such as Forbes U.S. “Best Large Employers,” People’s “Companies that Care,” and Fortune “100 Best Companies to Work For.” In 2015, it signed a partnership with Mercer, a global consulting leader in advancing health, wealth, and careers, and a wholly-owned subsidiary of Marsh & McLennan Companies, Inc., to provide advisory services to customers on cloud-based human capital management (HCM) solutions from SAP SuccessFactors.