Santander US
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Santander US Benefits Overview
At Santander, it’s our mission to help people prosper. That goes for both our customers and our employees. We offer a comprehensive benefits package that’s market-competitive with our peers and designed to meet the diverse need of our employees.
Compensation + Benefits
Offers 401(K)
Santander offers a 401(k) plan with a 6% Santander company match. Employees can make pre-tax contributions, Roth contributions, after-tax contributions or a combination of all three to their 401(k).
Offers disability insurance
Santander automatically provides company paid short-term disability benefits of 100% of salary for 8 weeks and company paid long-term disability benefits at 60% of salary, up to a maximum monthly $20k
Offers charitable contribution matching
Through the Employee Giving Program, Santander matches personal employee contributions to eligible nonprofits up to $1,000 USD per employee, per program year – doubling the impact of their donations
Provides 401(K) matching
Santander matches 100% of the amount contributed, up to 6% of eligible pay, of pre-tax and Roth contributions. Amounts employees and Santander contribute are 100% vested.
Offers life insurance
Santander automatically provides Core Life Insurance coverage to eligible employees, equal to two times benefits pay, up to a $1 million maximum. Employees can elect to purchase Supplemental Life.
Provides adoption assistance
Santander provides financial assistance to regular full- and part-time employees up to $3,000 per adoption.
Provides family medical leave
Santander complies with the Family and Medical Leave Act and will be offering a new Paid Caregiver Leave in 2023 to provide full pay for two weeks of this leave.
Provides a post-parental leave return-to-work program
Offers childcare benefits
Santander offers a Back-up Dependent Care program, with access to onsite and in-home caregivers who can provide care for a child or adult family member when regular care arrangements aren't available.
Offers generous parental leave
In addition to 8 weeks of maternity leave, Santander’s Parental Leave program supports birth and non-birth parents by providing six weeks of fully paid leave.
Offers dental insurance
Santander offers the choice of two dental plans: the Basic Dental Plan and the Buy-up Dental Plan. Orthodontia for all ages is available through the Buy-up Plan.
Offers health insurance
Santander offers three national medical plan options that utilize the UnitedHealthcare and Optum national networks and offer low paycheck contributions, competitive deductibles, copays and coinsurance
Offers vision insurance
Santander offers the choice of two vision plans: the Basic Vision Plan and the Buy-up Vision Plan. The allowance for standard frames and contact lenses is $130 and $160 per year, respectively.
Offers Flexible Spending Account (FSA)
Santander provides a choice of tax-advantaged accounts: Health Savings Account (HSA) Healthcare Flexible Spending Account (FSA) Limited Purpose FSA (LP FSA) Dependent Care FSA
Offers pet insurance
Through MetLife Pet Insurance, employees can receive a group discount on premiums and obtain coverage for items such as illnesses, medications, exam fees and more.
Offers mental health benefits
Santander promotes mental health by offering no-cost counseling services through the Employee Assistance Program administered by Carebridge to all employees and programs through the medical plan.
Offers performance bonuses
Company Culture
Provides commuter benefits
Santander’s Commuter Benefits Program lets employees set aside pre-tax dollars to pay for eligible parking and transit expenses.
Has a dedicated diversity and inclusion staff
Has a highly diverse management team
More than 20% of the Santander US Leadership Team (USLT) is made up of women.
Offers diversity-based Employee Resource Groups
We offer seven BRGs: AAPI, Thrive (caregivers and abilities), Veteran, BOLD (Black Organization for Leadership & Development), Conexión (Hispanic/Latinx), Embrace (LGBT+ Allies), and EmpowHER (women)
Has a documented equal pay policy
Mandated unconscious bias training
All Santander leaders complete mandatory DE&I training.
Hiring practices promote diversity
Open office floor plan to encourage communication and collaboration
Offers a remote work program
Santander provides flexible work arrangements for the majority of corporate function roles, including in IT. The majority of our employees work hybrid schedules.
Work-Life Balance + Wellbeing
Offers company-sponsored outings
Offers fitness stipend
Santander offers access to discounts and other perks with two fitness programs: Equinox and GlobalFit.
Offers wellness programs
Santander promotes employee physical, mental and financial well-being including through Limeade, our program partner, available to all employees.
Provides opportunities to volunteer in the local community
Santander provides 16 hours of Volunteer Paid Time Off (VPTO) for full-time team members per year and 8 hours for part-time team members.
Partners with nonprofits
Santander’s Community Hub makes it easy for employees to give back to the communities where we live and work through our partnerships with 501(c)(3) charitable organizations.
Offers generous PTO
PTO can range from 18 to 30 days depending on the role, and is in addition to the holidays Santander observes. Santander additionally provides Volunteer, Diversity and Development PTO.
Provides paid holidays
Offers paid volunteer time
All regular employees are eligible to receive Volunteer PTO (VPTO) hours: 16 hours for full-time employees and eight hours for part-time employees.
Provides paid sick days
Paid sick time is included in Santander’s PTO program. Short-term disability benefits kick in after five days of illness.
Career Growth + Development
Job training & conferences
Allows employees to pursue continuing education during work hours
All regular employees who have completed at least six months of service are eligible to receive Development PTO hours: eight hours for full-time employees and four hours for part-time employees.
Offers mentorship program
Mentorship ARC is a US mentorship program that offers an inclusive, ad-hoc opportunity for all team members to work alongside a mentor for career development.
Provides tuition reimbursement
Santander’s Tuition Reimbursement program reimburses a portion of costs for undergraduate and graduate degree programs for eligible employees.
Promote from within
