This report analyzes and compares INDIANA MICHIGAN POWER COMPANY's employee health insurance and employee benefits with its industry and in Ohio 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
INDIANA MICHIGAN POWER COMPANY has remarkable 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 INDIANA MICHIGAN POWER COMPANY. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: INDIANA MICHIGAN POWER COMPANY offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, INDIANA MICHIGAN POWER COMPANY makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: INDIANA MICHIGAN POWER COMPANY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: INDIANA MICHIGAN POWER COMPANY 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: INDIANA MICHIGAN POWER COMPANY has a top-notch policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: INDIANA MICHIGAN POWER COMPANY offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by INDIANA MICHIGAN POWER COMPANY to grow as leaders and learn how to make tough calls.
- 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 INDIANA MICHIGAN POWER COMPANY offers an impressive Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: INDIANA MICHIGAN POWER COMPANY 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 INDIANA MICHIGAN POWER COMPANY.
- TUITION REIMBURSEMENT: INDIANA MICHIGAN POWER COMPANY realizes that continuous education is a key to success so it has an impressive Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | INDIANA MICHIGAN POWER COMPANY | Industry | Ohio |
|---|---|---|---|
| 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
INDIANA MICHIGAN POWER COMPANY offers remarkable 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 INDIANA MICHIGAN POWER COMPANY's remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: INDIANA MICHIGAN POWER COMPANY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why INDIANA MICHIGAN POWER COMPANY 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: INDIANA MICHIGAN POWER COMPANY cares about its team members' dental health so it offers an outstanding 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: INDIANA MICHIGAN POWER COMPANY offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: INDIANA MICHIGAN POWER COMPANY offers its team members remarkable 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. INDIANA MICHIGAN POWER COMPANY provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: INDIANA MICHIGAN POWER COMPANY has a first-class 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: INDIANA MICHIGAN POWER COMPANY has a solid maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: INDIANA MICHIGAN POWER COMPANY does not offer telehealth.
- VISION PLAN: INDIANA MICHIGAN POWER COMPANY has an excellent 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 | INDIANA MICHIGAN POWER COMPANY | Industry | Ohio |
|---|---|---|---|
| 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
INDIANA MICHIGAN POWER COMPANY offers superior financial benefits for employees and their family members. A superior 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: INDIANA MICHIGAN POWER COMPANY 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. INDIANA MICHIGAN POWER COMPANY 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 INDIANA MICHIGAN POWER COMPANY has Matching program that matches 75% of employees' contributions. Whatever INDIANA MICHIGAN POWER COMPANY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave INDIANA MICHIGAN POWER COMPANY. Recognizing that every team member is unique, with specific needs and goals, INDIANA MICHIGAN POWER COMPANY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: INDIANA MICHIGAN POWER COMPANY does not offer adoption assistance reimbursement.
- BONUS PAY: INDIANA MICHIGAN POWER COMPANY has a great bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
- CHILDCARE DISCOUNT: INDIANA MICHIGAN POWER COMPANY does not offer childcare discount.
- COMMUTER BENEFIT: INDIANA MICHIGAN POWER COMPANY has a good 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: INDIANA MICHIGAN POWER COMPANY offers an excellent daycare program for its employees. Team members can withdraw funds from a flexible spending account to cover all sorts of expenses related to daycare or eldercare.
- DISABILITY: INDIANA MICHIGAN POWER COMPANY has a good 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 good coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: INDIANA MICHIGAN POWER COMPANY offers an excellent 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 excellent life insurance package contains dependent policies as well.
- PAID TIME OFF: INDIANA MICHIGAN POWER COMPANY wants for its team members to lead a happy and fulfilled life so it has a valuable 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: INDIANA MICHIGAN POWER COMPANY has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, INDIANA MICHIGAN POWER COMPANY stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: INDIANA MICHIGAN POWER COMPANY has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | INDIANA MICHIGAN POWER COMPANY | Industry | Ohio |
|---|---|---|---|
| 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 |
Improve this report:
We have prepared INDIANA MICHIGAN POWER COMPANY's benefits report with the best of our knowledge. If you believe some information here is incorrect, please click the link below and send as a note.
We will contact you and/or update the information in 2-5 business days.