This report analyzes and compares PUBLIC SERVICE ENTERPRISE GROUP (PSEG)'s employee health insurance and employee benefits with its industry and in New Jersey 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
PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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 PUBLIC SERVICE ENTERPRISE GROUP (PSEG). first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) continually evaluates its team members to determine the potential and direction of employees' careers. The outstanding tools that PUBLIC SERVICE ENTERPRISE GROUP (PSEG) uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: outstanding development resources are what allows PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has an extraordinary GED policy and offers to pay full costs for employees who want to obtain a GED.
- LEADERSHIP PROGRAMS: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers a wide variety of remarkable courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by PUBLIC SERVICE ENTERPRISE GROUP (PSEG) to grow as leaders and learn how to make tough calls.
- ONBOARDING: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) is aware of the difficulties that new employees might experience when they join the team. That's why PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has a suitable Onboarding program that makes sure the transition period goes as smoothly as possible.
- RECOGNITION PROGRAMS: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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 PUBLIC SERVICE ENTERPRISE GROUP (PSEG).
- TUITION REIMBURSEMENT: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has a suitable 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 | PUBLIC SERVICE ENTERPRISE GROUP (PSEG) | Industry | New Jersey |
|---|---|---|---|
| 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
PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers remarkable 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 PUBLIC SERVICE ENTERPRISE GROUP (PSEG)'s remarkable maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) does not offer counseling.
- DENTAL PLAN: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) cares about its team members' dental health so it offers an exceptional dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
- HEALTH INSURANCE: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers a superior health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers a good healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
- MATERNITY SUPPORT PROGRAM: Aware of the challenges that come with pregnancy, PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has created a first-class maternity support program to support its expecting team members.
- TELEHEALTH: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers a suitable Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
Benefit | PUBLIC SERVICE ENTERPRISE GROUP (PSEG) | Industry | New Jersey |
|---|---|---|---|
| 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
PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers superior financial benefits for employees and their family members. A superior 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) does not offer 401(k) plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has an outstanding Adoption Assistance Reimbursement program. It is one of the best available as it covers various court fees and attorney costs for team members, even if the child comes from a foreign country.
- BONUS PAY: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers a valuable discount for primary childcare to its team members and enables them affordable prices.
- COMMUTER BENEFIT: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has a solid 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) offers a great life insurance policy to its team members for an affordable price. PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) 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: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has a superb volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, PUBLIC SERVICE ENTERPRISE GROUP (PSEG) stimulates its team members to use two paid days every quartal for volunteering purposes.
- PARENTAL LEAVE: PUBLIC SERVICE ENTERPRISE GROUP (PSEG) has an excellent parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | PUBLIC SERVICE ENTERPRISE GROUP (PSEG) | Industry | New Jersey |
|---|---|---|---|
| 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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