This report analyzes and compares TENNESSEE VALLEY AUTHORITY's employee health insurance and employee benefits with its industry and in Tennessee 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
TENNESSEE VALLEY AUTHORITY 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 TENNESSEE VALLEY AUTHORITY. first-class tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.
- CAREER PLANNING: TENNESSEE VALLEY AUTHORITY offers first-class possibilities for career planning to its team members. Whether it's an expert position or an entry-level position, TENNESSEE VALLEY AUTHORITY makes sure that every single team member takes the full advantage of first-class career planning programs.
- COACHING AND MENTORING: TENNESSEE VALLEY AUTHORITY does not offer coaching and mentoring.
- DEVELOPMENT RESOURCES: excellent development resources are what allows TENNESSEE VALLEY AUTHORITY to keep its team members in shape and widen their personal and professional horizons. Throughout the year, employees are encouraged to participate in excellent workshops and learning groups with the focus on topics relevant to their respective fields.
- GED REIMBURSEMENT: TENNESSEE VALLEY AUTHORITY has a superior policy when it comes to GED reimbursement and participates with 1/2 of the costs.
- LEADERSHIP PROGRAMS: TENNESSEE VALLEY AUTHORITY believes that providing its team members with impressive leadership programs is a crucial step in creating new leaders. By using impressive tools that TENNESSEE VALLEY AUTHORITY provides for them, employees are able to learn what makes or breaks a leader.
- 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 TENNESSEE VALLEY AUTHORITY offers an extraordinary Onboarding program to help new employees understand their role and cooperate with the rest of the team.
- RECOGNITION PROGRAMS: TENNESSEE VALLEY AUTHORITY 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: TENNESSEE VALLEY AUTHORITY 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 | TENNESSEE VALLEY AUTHORITY | Industry | Tennessee |
|---|---|---|---|
| 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
TENNESSEE VALLEY AUTHORITY 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 TENNESSEE VALLEY AUTHORITY's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: TENNESSEE VALLEY AUTHORITY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why TENNESSEE VALLEY AUTHORITY implemented a great 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 great counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: TENNESSEE VALLEY AUTHORITY cares about its team members' dental health so it offers an extraordinary 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: TENNESSEE VALLEY AUTHORITY offers a superb health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
- HEALTH PLAN INCENTIVES: TENNESSEE VALLEY AUTHORITY does not offer health plan incentives.
- HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, TENNESSEE VALLEY AUTHORITY offers a suitable 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, TENNESSEE VALLEY AUTHORITY has created a superb maternity support program to support its expecting team members.
- TELEHEALTH: TENNESSEE VALLEY AUTHORITY 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: TENNESSEE VALLEY AUTHORITY has an outstanding 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.
Benefit | TENNESSEE VALLEY AUTHORITY | Industry | Tennessee |
|---|---|---|---|
| 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
TENNESSEE VALLEY AUTHORITY offers superb financial benefits for employees and their family members. A superb 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: TENNESSEE VALLEY AUTHORITY knows how important it is to think about retirement and start saving on time. That's why it offers a great 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and TENNESSEE VALLEY AUTHORITY will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, TENNESSEE VALLEY AUTHORITY provides resources which will help team members decide what to do with their 401(k) plan. TENNESSEE VALLEY AUTHORITY offers a great vesting schedule with a gradual increase of 25% per year.
- ADOPTION ASSISTANCE REIMBURSEMENT: TENNESSEE VALLEY AUTHORITY does not offer adoption assistance reimbursement.
- BONUS PAY: TENNESSEE VALLEY AUTHORITY offers top-notch bonuses to team members who excel in their field of work, provide extraordinary results for TENNESSEE VALLEY AUTHORITY, and encourage others to do the same.
- CHILDCARE DISCOUNT: TENNESSEE VALLEY AUTHORITY has an extraordinary childcare discount policy for its employees and offers attractive rates for eligible childcare centers.
- COMMUTER BENEFIT: TENNESSEE VALLEY AUTHORITY offers extraordinary commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
- DAYCARE FLEXIBLE SPENDING ACCOUNT: TENNESSEE VALLEY AUTHORITY offers a superb 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: TENNESSEE VALLEY AUTHORITY 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: TENNESSEE VALLEY AUTHORITY offers a suitable life insurance policy to its team members for an affordable price. TENNESSEE VALLEY AUTHORITY 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: TENNESSEE VALLEY AUTHORITY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why TENNESSEE VALLEY AUTHORITY has a superior vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: TENNESSEE VALLEY AUTHORITY 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 TENNESSEE VALLEY AUTHORITY, on volunteer work of their choice.
- PARENTAL LEAVE: TENNESSEE VALLEY AUTHORITY has a good parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | TENNESSEE VALLEY AUTHORITY | Industry | Tennessee |
|---|---|---|---|
| 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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