This report analyzes and compares WISCONSIN ENERGY'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
WISCONSIN ENERGY offers suitable career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. WISCONSIN ENERGY believes that every employee has a valuable set of skills so it helps them plan their careers with suitable developmental resources and mentorships.
- CAREER PLANNING: WISCONSIN ENERGY offers superb possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, WISCONSIN ENERGY makes sure that every single team member takes the full advantage of superb career planning programs.
- COACHING AND MENTORING: WISCONSIN ENERGY 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: WISCONSIN ENERGY encourages its team members to work on their existing skills and gain new ones continually. By providing great development resources, WISCONSIN ENERGY supports their team members on their journey to perfection. Employees have a wide range of great resources at their disposal for professional and personal growth.
- GED REIMBURSEMENT: WISCONSIN ENERGY has a solid GED reimbursement policy for its team members and participates with 1/4 of the costs for obtaining a GED.
- LEADERSHIP PROGRAMS: WISCONSIN ENERGY does not offer leadership programs.
- ONBOARDING: WISCONSIN ENERGY does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, WISCONSIN ENERGY implemented a solid Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: WISCONSIN ENERGY has a great Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
Benefit | WISCONSIN ENERGY | 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
WISCONSIN ENERGY 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 WISCONSIN ENERGY's superior maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: WISCONSIN ENERGY does not offer counseling.
- DENTAL PLAN: Team members at WISCONSIN ENERGY have a first-class dental plan at their disposal and can count on 100% coverage for preventative dental care, as well as some more complex dental procedures. WISCONSIN ENERGY partially pays for dentures and braces as well.
- HEALTH INSURANCE: WISCONSIN ENERGY offers a top-notch health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: WISCONSIN ENERGY offers its team members first-class 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. WISCONSIN ENERGY provides educational material and seminars.
- HEALTHCARE SPENDING ACCOUNTS: WISCONSIN ENERGY 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: WISCONSIN ENERGY offers an exceptional maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
- TELEHEALTH: WISCONSIN ENERGY has a great telehealth policy available for its team members. Employees have access to exams and opinions over the phone which saves them a lot of time and stress. WISCONSIN ENERGY can recommend a certain doctor or institution and covers up to 50% of the costs.
- VISION PLAN: WISCONSIN ENERGY offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | WISCONSIN ENERGY | 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
WISCONSIN ENERGY offers remarkable financial benefits for employees and their family members. A remarkable 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: WISCONSIN ENERGY has a superb 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. WISCONSIN ENERGY 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 superb WISCONSIN ENERGY has Matching program that matches 75% of employees' contributions. Whatever WISCONSIN ENERGY contributes, it becomes 100% vested after a 2-year period after which the employees can keep even if they leave WISCONSIN ENERGY. Recognizing that every team member is unique, with specific needs and goals, WISCONSIN ENERGY keeps their members informed about their 401(k) options.
- ADOPTION ASSISTANCE REIMBURSEMENT: WISCONSIN ENERGY 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 WISCONSIN ENERGY.
- BONUS PAY: WISCONSIN ENERGY has an extraordinary 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: WISCONSIN ENERGY does not offer childcare discount.
- COMMUTER BENEFIT: WISCONSIN ENERGY acknowledges the fact that some team members have high commuting costs so it offers them first-class commuter benefits which cover various commuting expenses for trains and buses, as well as parking expenses.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: WISCONSIN ENERGY offers an extraordinary 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: WISCONSIN ENERGY has an extraordinary 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: WISCONSIN ENERGY offers a solid life insurance policy to its team members for an affordable price. WISCONSIN ENERGY 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: WISCONSIN ENERGY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why WISCONSIN ENERGY has a remarkable vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: WISCONSIN ENERGY does not offer paid volunteer time off.
- PARENTAL LEAVE: WISCONSIN ENERGY has a top-notch parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | WISCONSIN ENERGY | 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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