This report analyzes and compares IDAHO POWER's employee health insurance and employee benefits with its industry and in Idaho 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
IDAHO POWER has top-notch 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 IDAHO POWER. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: IDAHO POWER 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. IDAHO POWER has great resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a solid coaching and mentoring program, IDAHO POWER can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: IDAHO POWER encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, IDAHO POWER supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: IDAHO POWER has a first-class policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: IDAHO POWER offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by IDAHO POWER to grow as leaders and learn how to make tough calls.
- ONBOARDING: IDAHO POWER offers a remarkable Onboarding program for its new team members. Employees receive a personalized support in an effort to bring them up to date and successfully integrate them into existing teams and projects.
- RECOGNITION PROGRAMS: IDAHO POWER has a first-class Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
- TUITION REIMBURSEMENT: IDAHO POWER has a suitable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | IDAHO POWER | Industry | Idaho |
|---|---|---|---|
| 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
IDAHO POWER offers first-class 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 IDAHO POWER's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: IDAHO POWER does not offer counseling.
- DENTAL PLAN: Team members at IDAHO POWER have a superior dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. IDAHO POWER partially pays for dentures and braces as well.
- HEALTH INSURANCE: IDAHO POWER provides an outstanding health insurance plan that covers all sorts of medical expenses for employees and their families, including hospital stays and surgical procedures.
- HEALTH PLAN INCENTIVES: IDAHO POWER offers its team members superb health plan incentives. Team members are encouraged to take a proactive approach to their health and take care of their BMI, sugar and fat in their blood, and other biometrics. IDAHO POWER provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: IDAHO POWER offers an extraordinary healthcare spending account to its employees. Employees have an option to deposit a part of their salary into the account and use it for any medical or dental expenses not covered by their health plan. Employee's family members can use this funds as well.
- MATERNITY SUPPORT PROGRAM: IDAHO POWER has a great maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: IDAHO POWER has a valuable 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. IDAHO POWER can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: IDAHO POWER 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 | IDAHO POWER | Industry | Idaho |
|---|---|---|---|
| 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
IDAHO POWER 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: IDAHO POWER has an outstanding 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, IDAHO POWER offers an outstanding program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, IDAHO POWER offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: IDAHO POWER 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 IDAHO POWER.
- BONUS PAY: IDAHO POWER offers superior bonuses to team members who excel in their field of work, provide extraordinary results for IDAHO POWER, and encourage others to do the same.
- CHILDCARE DISCOUNT: IDAHO POWER has an impressive childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: IDAHO POWER has a great commuting policy and offers commuter benefits that allow eligible team members to cover their transportation or parking costs up to a certain distance from the place of work.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: IDAHO POWER has a suitable 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: IDAHO POWER offers a superior short-term disability coverage for its team members. Through disability program, part of the employee's salary is replaced by the coverage for a limited time. This enables team members to have a financial stability during the difficult period of their lives and helps them to get back on track.
- LIFE INSURANCE: IDAHO POWER offers a solid life insurance policy to its team members for an affordable price. IDAHO POWER 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: IDAHO POWER wants for its team members to lead a happy and fulfilled life so it has a suitable vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
- PAID VOLUNTEER TIME OFF: IDAHO POWER has a remarkable volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, IDAHO POWER stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: IDAHO POWER has a remarkable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | IDAHO POWER | Industry | Idaho |
|---|---|---|---|
| 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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