This report analyzes and compares CONSUMERS ENERGY's employee health insurance and employee benefits with its industry and in Michigan State.
Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.
Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.
This report contains the following sections
Career benefits
CONSUMERS ENERGY offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. CONSUMERS ENERGY believes that every employee has a valuable set of skills so it helps them plan their careers with good developmental resources and mentorships.
- CAREER PLANNING: CONSUMERS ENERGY believes that career planning of each employee is a key to a successful business and offers great opportunities so that the employees can reach their full potential. CONSUMERS ENERGY has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: CONSUMERS ENERGY offers superb coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
- DEVELOPMENT RESOURCES: CONSUMERS ENERGY offers superb development resources to enable its employees to grow on a personal and a professional plan. With access to superb intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: CONSUMERS ENERGY has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: CONSUMERS ENERGY is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, CONSUMERS ENERGY ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: CONSUMERS ENERGY is aware of the difficulties that new employees might experience when they join the team. That's why CONSUMERS ENERGY has a good Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: CONSUMERS ENERGY knows that dedicated team members are hard to come by so it has an outstanding Recognition program for those who stand out and continually contribute to CONSUMERS ENERGY.
- TUITION REIMBURSEMENT: CONSUMERS ENERGY does not offer tuition reimbursement.
Benefit | CONSUMERS ENERGY | Industry | Michigan |
|---|---|---|---|
| Career planning Benefits | |||
| Coaching and mentoring Benefits | |||
| Development resources Benefits | |||
| GED reimbursement Benefits | |||
| Leadership programs Benefits | |||
| Onboarding Benefits | |||
| Recognition programs Benefits | |||
| Tuition reimbursement Benefits |
Healthcare benefits
CONSUMERS ENERGY offers top-notch health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy CONSUMERS ENERGY's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: CONSUMERS ENERGY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why CONSUMERS ENERGY implemented a solid counseling program that helps team members during office hours. Employees can receive a psychological and emotional support during difficult periods of their time and learn how to effectively cope with stress. This solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: CONSUMERS ENERGY cares about its team members' dental health so it offers an exceptional dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: CONSUMERS ENERGY provides an impressive health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, CONSUMERS ENERGY offers valuable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: CONSUMERS ENERGY has a superb healthcare spending account available for their team members. Funds that are placed there are tax-free and can be used for medical necessities. Whatever money is left in the account at the end of the year is automatically carried over to the next year.
- MATERNITY SUPPORT PROGRAM: CONSUMERS ENERGY has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: CONSUMERS ENERGY has implemented a superior telehealth policy for its members to use any time of the day, every single day. CONSUMERS ENERGY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: CONSUMERS ENERGY provides a first-class Vision Plan covers all sorts of eye-related medical assistance for its team members, with an additional option for covering the costs of glasses and contact lenses.
Benefit | CONSUMERS ENERGY | Industry | Michigan |
|---|---|---|---|
| Counseling Benefits | |||
| Dental Plan Benefits | |||
| Health Insurance Benefits | |||
| Health Plan Incentives Benefits | |||
| Healthcare Spending Accounts Benefits | |||
| Maternity support program Benefits | |||
| Telehealth Benefits | |||
| Vision Plan Benefits |
Financial benefits
CONSUMERS ENERGY offers top-notch financial benefits for employees and their family members. A top-notch 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.
- 401(K) PLAN: CONSUMERS ENERGY has a superior 401(k) plan as it realizes that many of its team members are concerned with the future and want to retire with a sizable retirement fund. CONSUMERS ENERGY provides a 401(k) plan where employees can rest assured that the money they put aside will allow them to live comfortably in retirement. Employees are encouraged to invest up to 5% in 401(k) by a superior CONSUMERS ENERGY has Matching program that matches 75% of employees' contributions. Whatever CONSUMERS ENERGY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave CONSUMERS ENERGY. Recognizing that every team member is unique, with specific needs and goals, CONSUMERS ENERGY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: CONSUMERS ENERGY does not offer adoption assistance reimbursement.
- BONUS PAY: CONSUMERS ENERGY offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for CONSUMERS ENERGY, and encourage others to do the same.
- CHILDCARE DISCOUNT: CONSUMERS ENERGY offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: CONSUMERS ENERGY offers outstanding commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: CONSUMERS ENERGY has a good daycare spending account that fills from each paycheck before taxes. This allows team members to partially cover costs of daycare while they are at work.
- DISABILITY: CONSUMERS ENERGY has an impressive disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: CONSUMERS ENERGY offers an exceptional life insurance program. It is one of the best in the country and offers free life insurance for team members. The policy pays up to three years worth of salary to beneficiaries. This exceptional life insurance package contains dependent policies as well.
- PAID TIME OFF: CONSUMERS ENERGY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why CONSUMERS ENERGY has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: CONSUMERS ENERGY recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by CONSUMERS ENERGY, on volunteer work of their choice.
- PARENTAL LEAVE: CONSUMERS ENERGY has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | CONSUMERS ENERGY | Industry | Michigan |
|---|---|---|---|
| 401(k) plan Benefits | |||
| Adoption assistance reimbursement Benefits | |||
| Bonus pay Benefits | |||
| Childcare discount Benefits | |||
| Commuter benefit Benefits | |||
| Daycare flexible spending account Benefits | |||
| Disability Benefits | |||
| Life insurance Benefits | |||
| Paid time off Benefits | |||
| Paid volunteer time off Benefits | |||
| Parental leave Benefits |
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