This report analyzes and compares THE CONNECTICUT LIGHT AND POWER COMPANY's employee health insurance and employee benefits with its industry and in Connecticut 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
THE CONNECTICUT LIGHT AND POWER COMPANY offers great career benefits and onboarding programs for its team members in an effort the make them feel like a part of the family. THE CONNECTICUT LIGHT AND POWER COMPANY believes that every employee has a valuable set of skills so it helps them plan their careers with great developmental resources and mentorships.
- CAREER PLANNING: THE CONNECTICUT LIGHT AND POWER COMPANY continually evaluates its team members to determine the potential and direction of employees' careers. The impressive tools that THE CONNECTICUT LIGHT AND POWER COMPANY uses for career planning allow employees to develop their skills and gain new insights about the industry.
- COACHING AND MENTORING: By using a great coaching and mentoring program, THE CONNECTICUT LIGHT AND POWER COMPANY can determine what should every team member focus on to grow and increase productivity.
- DEVELOPMENT RESOURCES: THE CONNECTICUT LIGHT AND POWER COMPANY 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: THE CONNECTICUT LIGHT AND POWER COMPANY does not offer ged reimbursement.
- LEADERSHIP PROGRAMS: THE CONNECTICUT LIGHT AND POWER COMPANY offers a wide variety of superior courses and seminars for every team member who aspires to a leadership position. Employees are encouraged by THE CONNECTICUT LIGHT AND POWER COMPANY to grow as leaders and learn how to make tough calls.
- ONBOARDING: THE CONNECTICUT LIGHT AND POWER COMPANY does not offer onboarding.
- RECOGNITION PROGRAMS: Aware of the fact that its team members work hard, THE CONNECTICUT LIGHT AND POWER COMPANY implemented a good Recognition program with informal rewards to make sure the team members know they are appreciated.
- TUITION REIMBURSEMENT: THE CONNECTICUT LIGHT AND POWER COMPANY has a superb Tuition Reimbursement Program and pays 50% of costs for college degrees or courses that will benefit employee's current or future role at THE CONNECTICUT LIGHT AND POWER COMPANY.
Benefit | THE CONNECTICUT LIGHT AND POWER COMPANY | Industry | Connecticut |
|---|---|---|---|
| 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
THE CONNECTICUT LIGHT AND POWER COMPANY 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 THE CONNECTICUT LIGHT AND POWER COMPANY's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.
- COUNSELING: THE CONNECTICUT LIGHT AND POWER COMPANY is aware of the fact that its employees can sometimes experience stress at the workplace or have some other psychological issues. That's why THE CONNECTICUT LIGHT AND POWER COMPANY implemented a solid 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 solid counseling program includes nutritional and fitness information as well.
- DENTAL PLAN: THE CONNECTICUT LIGHT AND POWER COMPANY cares about its team members' dental health so it offers an excellent 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: THE CONNECTICUT LIGHT AND POWER COMPANY offers a suitable health insurance for its team members that covers a most basic and some complex medical procedures.
- HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, THE CONNECTICUT LIGHT AND POWER COMPANY offers suitable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
- HEALTHCARE SPENDING ACCOUNTS: THE CONNECTICUT LIGHT AND POWER COMPANY offers an outstanding 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: THE CONNECTICUT LIGHT AND POWER COMPANY 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: THE CONNECTICUT LIGHT AND POWER COMPANY does not offer telehealth.
- VISION PLAN: THE CONNECTICUT LIGHT AND POWER COMPANY has an impressive 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 | THE CONNECTICUT LIGHT AND POWER COMPANY | Industry | Connecticut |
|---|---|---|---|
| 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
THE CONNECTICUT LIGHT AND POWER COMPANY 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: THE CONNECTICUT LIGHT AND POWER COMPANY has an excellent 401(k) plan is designed in such way that suitable team members can get the most out of it and enjoy many perks that come with it. For each employee's contribution of up to 6% of salary, THE CONNECTICUT LIGHT AND POWER COMPANY offers an excellent program that matches it 100%, which is among the highest matches on the market. This way, 401(k) is the best option for employees who want to have a financial stability in their late years. There is no vesting period, so the contributions are immediately for the employee to keep right from the start. For those who need help managing their 401(k) plan, THE CONNECTICUT LIGHT AND POWER COMPANY offers individual financial consultations so that each employee can create a personalized investment plan.
- ADOPTION ASSISTANCE REIMBURSEMENT: THE CONNECTICUT LIGHT AND POWER COMPANY has an extraordinary 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: THE CONNECTICUT LIGHT AND POWER COMPANY has an impressive 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: THE CONNECTICUT LIGHT AND POWER COMPANY does not offer childcare discount.
- COMMUTER BENEFIT: THE CONNECTICUT LIGHT AND POWER COMPANY has a great 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: THE CONNECTICUT LIGHT AND POWER COMPANY 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: THE CONNECTICUT LIGHT AND POWER COMPANY offers a remarkable 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: THE CONNECTICUT LIGHT AND POWER COMPANY has a top-notch 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: THE CONNECTICUT LIGHT AND POWER COMPANY realizes that optimal productivity can be achieved only if it enables paid vacation for its team members. That's why THE CONNECTICUT LIGHT AND POWER COMPANY has a top-notch vacation program of its employees with a reasonable number of days that can be spent anytime.
- PAID VOLUNTEER TIME OFF: THE CONNECTICUT LIGHT AND POWER COMPANY believes that impressive volunteer time off programs not only strengthens their brand but it also attracts the highest quality of employees. That's why THE CONNECTICUT LIGHT AND POWER COMPANY offers its team members up to 50 hours of paid volunteer time off.
- PARENTAL LEAVE: THE CONNECTICUT LIGHT AND POWER COMPANY has a valuable parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
Benefit | THE CONNECTICUT LIGHT AND POWER COMPANY | Industry | Connecticut |
|---|---|---|---|
| 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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