This report analyzes and compares WEC ENERGY GROUP's employee health insurance and employee benefits with its industry and in Wisconsin 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
WEC ENERGY GROUP 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 WEC ENERGY GROUP. remarkable tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: WEC ENERGY GROUP continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that WEC ENERGY GROUP uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: WEC ENERGY GROUP does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: WEC ENERGY GROUP offers superior development resources to enable its employees to grow on a personal and a professional plan. With access to superior intern programs and seminars, employees can learn new skills and stay at the top of their fields.
- GED REIMBURSEMENT: WEC ENERGY GROUP does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: WEC ENERGY GROUP is always on the lookout for new leadership material and offers great development programs for its team members. With access to great resources, WEC ENERGY GROUP ensures that team members with a potential for becoming leaders can achieve their goals.
- ONBOARDING: WEC ENERGY GROUP offers a superb 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: Aware of the fact that its team members work hard, WEC ENERGY GROUP implemented a great Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WEC ENERGY GROUP realizes that continuous education is a key to success so it has an outstanding Tuition Reimbursement Program and pays full costs for college degrees or job-related certificates.
Benefit | WEC ENERGY GROUP | Industry | Wisconsin |
|---|---|---|---|
| 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
WEC ENERGY GROUP has good health benefits that enable its team members to have various basic and complex procedures covered. Besides, it offers good dental and vision plans where team members can rest count on covered preventive exams as well as some procedures. For bigger expenses. Employees have a good healthcare spending account at their disposal.
- COUNSELING: WEC ENERGY GROUP is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why WEC ENERGY GROUP implemented a valuable 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 valuable counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: Team members at WEC ENERGY GROUP have a remarkable dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. WEC ENERGY GROUP partially pays for dentures and braces as well.
- HEALTH INSURANCE: WEC ENERGY GROUP offers a solid health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: WEC ENERGY GROUP 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. WEC ENERGY GROUP provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: WEC ENERGY GROUP has a remarkable 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: WEC ENERGY GROUP 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: WEC ENERGY GROUP does not offer telehealth.
- VISION PLAN: WEC ENERGY GROUP 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 | WEC ENERGY GROUP | Industry | Wisconsin |
|---|---|---|---|
| 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 solid financial benefits at WEC ENERGY GROUP. 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. WEC ENERGY GROUP offers solid life insurance with affordable rates, as well as parental leave for expecting mothers. Employees who decide to adopt a child can expect WEC ENERGY GROUP to partially cover the expenses.
- 401(K) PLAN: WEC ENERGY GROUP does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: WEC ENERGY GROUP does not offer adoption assistance reimbursement.
- BONUS PAY: WEC ENERGY GROUP 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: WEC ENERGY GROUP offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: WEC ENERGY GROUP has a suitable 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: WEC ENERGY GROUP offers a superior 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: WEC ENERGY GROUP has a valuable 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 valuable coverage for a short-term disability that replaces a certain percentage of salary for a certain period of time.
- LIFE INSURANCE: WEC ENERGY GROUP offers a great life insurance policy to its team members for an affordable price. WEC ENERGY GROUP 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: WEC ENERGY GROUP has an excellent 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: WEC ENERGY GROUP recognizes the importance of giving back to the community so it offers a good volunteer time off program for its team members. Employees are encouraged to spend up to 20 working hours per year, paid by WEC ENERGY GROUP, on volunteer work of their choice.
- PARENTAL LEAVE: WEC ENERGY GROUP has an extraordinary parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WEC ENERGY GROUP | Industry | Wisconsin |
|---|---|---|---|
| 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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