This report analyzes and compares EDISON INTERNATIONAL's employee health insurance and employee benefits with its industry and in California 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
EDISON INTERNATIONAL has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the EDISON INTERNATIONAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: EDISON INTERNATIONAL 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. EDISON INTERNATIONAL has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: EDISON INTERNATIONAL believes that an outstanding coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows EDISON INTERNATIONAL to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in outstanding workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: EDISON INTERNATIONAL has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: EDISON INTERNATIONAL believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that EDISON INTERNATIONAL provides for them, employees are able to learn what makes or breaks a leader.
- ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why EDISON INTERNATIONAL offers an excellent Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: EDISON INTERNATIONAL knows that dedicated team members are hard to come by so it has an extraordinary Recognition program for those who stand out and continually contribute to EDISON INTERNATIONAL.
- TUITION REIMBURSEMENT: EDISON INTERNATIONAL has a superior Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at EDISON INTERNATIONAL.
Benefit | EDISON INTERNATIONAL | Industry | California |
|---|---|---|---|
| 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
EDISON INTERNATIONAL 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 EDISON INTERNATIONAL's top-notch maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: EDISON INTERNATIONAL does not offer counseling.
- DENTAL PLAN: EDISON INTERNATIONAL 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: EDISON INTERNATIONAL provides an excellent 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, EDISON INTERNATIONAL offers solid 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: To financially help its team members with medical emergencies, EDISON INTERNATIONAL offers a suitable healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, EDISON INTERNATIONAL has created a remarkable maternity support program to support its expecting team members.
- TELEHEALTH: EDISON INTERNATIONAL has a great telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. EDISON INTERNATIONAL can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: EDISON INTERNATIONAL has an impressive Vision Plan for its team members who can count on coverage of a wide variety eye exams and procedures, as well as vision-related medical devices.
Benefit | EDISON INTERNATIONAL | Industry | California |
|---|---|---|---|
| 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
EDISON INTERNATIONAL 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: EDISON INTERNATIONAL has a remarkable 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. EDISON INTERNATIONAL 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 remarkable EDISON INTERNATIONAL has Matching program that matches 75% of employees' contributions. Whatever EDISON INTERNATIONAL contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave EDISON INTERNATIONAL. Recognizing that every team member is unique, with specific needs and goals, EDISON INTERNATIONAL keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: EDISON INTERNATIONAL has a top-notch Adoption Assistance Reimbursement program in place for employees who are planning to adopt a child. Most of the adoption fees are eligible to be reimbursed by EDISON INTERNATIONAL.
- BONUS PAY: EDISON INTERNATIONAL offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for EDISON INTERNATIONAL, and encourage others to do the same.
- CHILDCARE DISCOUNT: EDISON INTERNATIONAL offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: EDISON INTERNATIONAL offers exceptional 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: EDISON INTERNATIONAL offers a first-class daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
- DISABILITY: EDISON INTERNATIONAL has a solid disability program in place that takes care of team members who sustained an injury or suffer from an illness that causes them disability. Eligible team members are offered a solid coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: EDISON INTERNATIONAL offers a suitable life insurance policy to its team members for an affordable price. EDISON INTERNATIONAL participates with 50% of the costs of the policy which makes it enticing for employees to buy it. Beneficiaries of team members can expect to get up to 1 year worth of employee's salary.
- PAID TIME OFF: EDISON INTERNATIONAL has an impressive vacation program for its team members with a great deal of paid vacation days. Team members can spend those days at their own pace, any time of the year. Various national and personal holidays are taken into account as well.
- PAID VOLUNTEER TIME OFF: EDISON INTERNATIONAL does not offer paid volunteer time off.
- PARENTAL LEAVE: EDISON INTERNATIONAL has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | EDISON INTERNATIONAL | Industry | California |
|---|---|---|---|
| 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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