This report analyzes and compares SOUTHERN CALIFORNIA EDISON'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
SOUTHERN CALIFORNIA EDISON 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 SOUTHERN CALIFORNIA EDISON. top-notch tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: SOUTHERN CALIFORNIA EDISON continually evaluates its team members to determine the potential and direction of employees' careers. The excellent tools that SOUTHERN CALIFORNIA EDISON uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: SOUTHERN CALIFORNIA EDISON believes that an exceptional coaching and mentoring program is necessary for the employees to thrive, expand their skill set, and become the best in their field.
- DEVELOPMENT RESOURCES: SOUTHERN CALIFORNIA EDISON offers remarkable development resources to enable its employees to grow on a personal and a professional plan. With access to remarkable intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: SOUTHERN CALIFORNIA EDISON has a valuable GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: SOUTHERN CALIFORNIA EDISON does not offer leadership programs.
- ONBOARDING: SOUTHERN CALIFORNIA EDISON offers a first-class 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: SOUTHERN CALIFORNIA EDISON has a superior 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: SOUTHERN CALIFORNIA EDISON realizes that continuous education is a key to success so it has an extraordinary Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | SOUTHERN CALIFORNIA EDISON | 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
SOUTHERN CALIFORNIA EDISON 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 SOUTHERN CALIFORNIA EDISON's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: SOUTHERN CALIFORNIA EDISON is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why SOUTHERN CALIFORNIA EDISON 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: SOUTHERN CALIFORNIA EDISON offers a suitable 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: SOUTHERN CALIFORNIA EDISON offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: SOUTHERN CALIFORNIA EDISON does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: SOUTHERN CALIFORNIA EDISON 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: SOUTHERN CALIFORNIA EDISON has a suitable maternity support program with helpful resources for its expecting team members in an effort to make their pregnancy go as smooth as possible.
- TELEHEALTH: SOUTHERN CALIFORNIA EDISON has an excellent telehealth policy that provides its employees and their family members with a great variety of fully covered telehealth services from health professionals all over the country. This way, employees can get medical help even in the middle of the night.
- VISION PLAN: SOUTHERN CALIFORNIA EDISON offers a valuable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | SOUTHERN CALIFORNIA EDISON | 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
SOUTHERN CALIFORNIA EDISON 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: SOUTHERN CALIFORNIA EDISON 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. SOUTHERN CALIFORNIA EDISON 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 SOUTHERN CALIFORNIA EDISON has Matching program that matches 75% of employees' contributions. Whatever SOUTHERN CALIFORNIA EDISON contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave SOUTHERN CALIFORNIA EDISON. Recognizing that every team member is unique, with specific needs and goals, SOUTHERN CALIFORNIA EDISON keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: SOUTHERN CALIFORNIA EDISON does not offer adoption assistance reimbursement.
- BONUS PAY: SOUTHERN CALIFORNIA EDISON offers superb bonuses to team members who excel in their field of work, provide extraordinary results for SOUTHERN CALIFORNIA EDISON, and encourage others to do the same.
- CHILDCARE DISCOUNT: SOUTHERN CALIFORNIA EDISON has an excellent childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: SOUTHERN CALIFORNIA EDISON has a solid 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: SOUTHERN CALIFORNIA EDISON 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: SOUTHERN CALIFORNIA EDISON has an excellent disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
- LIFE INSURANCE: SOUTHERN CALIFORNIA EDISON has a superb life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
- PAID TIME OFF: SOUTHERN CALIFORNIA EDISON wants for its team members to lead a happy and fulfilled life so it has a great 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: SOUTHERN CALIFORNIA EDISON recognizes the importance of giving back to the community so it offers a suitable volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by SOUTHERN CALIFORNIA EDISON, on volunteer work of their choice.
- PARENTAL LEAVE: SOUTHERN CALIFORNIA EDISON has a great parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | SOUTHERN CALIFORNIA EDISON | 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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