This report analyzes and compares MIDAMERICAN ENERGY COMPANY's employee health insurance and employee benefits with its industry and in Iowa 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
MIDAMERICAN ENERGY COMPANY offers good career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. MIDAMERICAN ENERGY COMPANY 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: MIDAMERICAN ENERGY COMPANY believes that career planning of each employee is a key to a successful business and offers suitable opportunities so that the employees can reach their full potential. MIDAMERICAN ENERGY COMPANY has suitable resources at its disposal to achieve this goal.
- COACHING AND MENTORING: By using a suitable coaching and mentoring program, MIDAMERICAN ENERGY COMPANY can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: MIDAMERICAN ENERGY COMPANY encourages its team members to work on their existing skills and gain new ones continually. By providing valuable development resources, MIDAMERICAN ENERGY COMPANY supports their team members on their journey to perfection. Employees have a wide range of valuable resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: MIDAMERICAN ENERGY COMPANY has a suitable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: MIDAMERICAN ENERGY COMPANY offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by MIDAMERICAN ENERGY COMPANY to grow as leaders and learn how to make tough calls.
- ONBOARDING: MIDAMERICAN ENERGY COMPANY does not offer onboarding.
- RECOGNITION PROGRAMS: MIDAMERICAN ENERGY COMPANY knows that dedicated team members are hard to come by so it has an excellent Recognition program for those who stand out and continually contribute to MIDAMERICAN ENERGY COMPANY.
- TUITION REIMBURSEMENT: MIDAMERICAN ENERGY COMPANY has a remarkable Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at MIDAMERICAN ENERGY COMPANY.
Benefit | MIDAMERICAN ENERGY COMPANY | Industry | Iowa |
|---|---|---|---|
| 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
MIDAMERICAN ENERGY COMPANY offers superior 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 MIDAMERICAN ENERGY COMPANY's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: MIDAMERICAN ENERGY 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 MIDAMERICAN ENERGY COMPANY implemented a good 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 good counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at MIDAMERICAN ENERGY COMPANY have a superb dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. MIDAMERICAN ENERGY COMPANY partially pays for dentures and braces as well.
- HEALTH INSURANCE: MIDAMERICAN ENERGY COMPANY offers a first-class health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: MIDAMERICAN ENERGY COMPANY is aware of the fact that a healthy employee is a productive employee so it offers exceptional health plan incentives for its team members. Some of the perks are lowered premium rates, individual consultations with nutritionists and physicians, and regular checkups.
- HEALTHCARE SPENDING ACCOUNTS: MIDAMERICAN ENERGY COMPANY offers an impressive 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: MIDAMERICAN ENERGY COMPANY has a good maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: MIDAMERICAN ENERGY COMPANY has implemented a top-notch telehealth policy for its members to use any time of the day, every single day. MIDAMERICAN ENERGY COMPANY covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
- VISION PLAN: MIDAMERICAN ENERGY COMPANY has an outstanding 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 | MIDAMERICAN ENERGY COMPANY | Industry | Iowa |
|---|---|---|---|
| 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
Team members enjoy good financial benefits at MIDAMERICAN ENERGY COMPANY. They have a good variety of financial benefits at their disposal and can always count on financial help when it comes to disability or commuting. MIDAMERICAN ENERGY COMPANY offers good life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect MIDAMERICAN ENERGY COMPANY to partially cover the expenses.
- 401(K) PLAN: MIDAMERICAN ENERGY COMPANY knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and MIDAMERICAN ENERGY COMPANY will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, MIDAMERICAN ENERGY COMPANY provides resources which will help team members decide what to do with their 401(k) plan. MIDAMERICAN ENERGY COMPANY offers a good vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: MIDAMERICAN ENERGY COMPANY has a valuable Adoption Assistance Reimbursement program that pays certain fees associated with the adoption process. With this program, the employees can rest assure that at least some of the costs will be covered.
- BONUS PAY: MIDAMERICAN ENERGY COMPANY has an excellent bonus plan. It makes sure that hardworking team members are properly rewarded for their individual contribution to projects as well as their cooperation with other team members.
- CHILDCARE DISCOUNT: MIDAMERICAN ENERGY COMPANY does not offer childcare discount.
- COMMUTER BENEFIT: MIDAMERICAN ENERGY COMPANY 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: MIDAMERICAN ENERGY COMPANY has a great 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: MIDAMERICAN ENERGY COMPANY offers a first-class 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: MIDAMERICAN ENERGY COMPANY offers a valuable life insurance policy to its team members for an affordable price. MIDAMERICAN ENERGY COMPANY 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: MIDAMERICAN ENERGY COMPANY 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: MIDAMERICAN ENERGY COMPANY does not offer paid volunteer time off.
- PARENTAL LEAVE: MIDAMERICAN ENERGY COMPANY has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | MIDAMERICAN ENERGY COMPANY | Industry | Iowa |
|---|---|---|---|
| 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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