This report analyzes and compares NISOURCE's employee health insurance and employee benefits with its industry and in Indiana State.

COMPARE NISOURCE'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

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

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

NISOURCE has first-class 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 NISOURCE. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: NISOURCE continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that NISOURCE uses for career planning allow employees to develop their skills and gain new insights about the industry.
  • COACHING AND MENTORING: NISOURCE offers superior coaching and mentoring programs through which every employee gets the support and resources to become a valuable member of the team.
  • DEVELOPMENT RESOURCES: outstanding development resources are what allows NISOURCE 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: NISOURCE does not offer ged reimbursement.
  • LEADERSHIP PROGRAMS: NISOURCE offers a wide variety of superb courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by NISOURCE 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 NISOURCE offers an outstanding Onboarding program to help new employees understand their role and cooperate with the rest of the team.
  • RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, NISOURCE implemented a suitable Recognition program with informal rewards to make sure the team members know they are appreciated.
  • TUITION REIMBURSEMENT: NISOURCE realizes that continuous education is a key to success so it has an excellent Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
NISOURCE's career benefits comparison table

Benefit

NISOURCE

Industry

Indiana

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

NISOURCE 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 NISOURCE's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: NISOURCE has an impressive counseling program for its employees and their family members. Team members are encouraged by NISOURCE to talk freely with experts about everything that bothers them. Whether it's something at the workplace or something at home, experienced counselors are there to help. This impressive counseling program offers help any time of the day, seven days a week. Even a certain number of family sessions is included.
  • DENTAL PLAN: NISOURCE offers a valuable dental plan for its team members to take care of their basic dental needs. The plan covers preventive dental exams in full. Team members have an option to pay for a more inclusive dental plan with better coverage.
  • HEALTH INSURANCE: NISOURCE offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
  • HEALTH PLAN INCENTIVES: NISOURCE does not offer health plan incentives.
  • HEALTHCARE SPENDING ACCOUNTS: NISOURCE offers an excellent 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: NISOURCE offers an impressive maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: NISOURCE does not offer telehealth.
  • VISION PLAN: NISOURCE has an extraordinary 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.
NISOURCE's healthcare benefits comparison table

Benefit

NISOURCE

Industry

Indiana

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

NISOURCE offers first-class financial benefits for employees and their family members. A first-class 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: NISOURCE has a first-class 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. NISOURCE 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 first-class NISOURCE has Matching program that matches 75% of employees' contributions. Whatever NISOURCE contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave NISOURCE. Recognizing that every team member is unique, with specific needs and goals, NISOURCE keeps their members informed about their 401(k) options.
  • ADOPTION ASSISTANCE REIMBURSEMENT: NISOURCE has a first-class 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 NISOURCE.
  • BONUS PAY: NISOURCE offers first-class bonuses to team members who excel in their field of work, provide extraordinary results for NISOURCE, and encourage others to do the same.
  • CHILDCARE DISCOUNT: NISOURCE does not offer childcare discount.
  • COMMUTER BENEFIT: NISOURCE acknowledges the fact that some team members have high commuting costs so it offers them superior commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: NISOURCE offers a top-notch 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: NISOURCE offers a remarkable 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: NISOURCE offers an extraordinary 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 extraordinary life insurance package contains dependent policies as well.
  • PAID TIME OFF: NISOURCE has an outstanding 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: NISOURCE does not offer paid volunteer time off.
  • PARENTAL LEAVE: NISOURCE has a superb parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
NISOURCE's financial benefits comparison table

Benefit

NISOURCE

Industry

Indiana

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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