At Southern Company, our total rewards play an important part in who we are as a company and how we attract, engage and retain the best talent.
Compensations and Benefits
Southern Company offers competitive compensation and benefits programs that both attract new employees and retain tenured employees. Programs include a comprehensive compensation package, including base salary, short- and long-term variable pay, pension and savings plans, and health care and wellness programs.
Our pay program is designed to compensate employees at competitive levels. Base salary is the foundation of the company's compensation program and is dependent on job classification, market pay levels and individual performance. Variable pay is designed to reward employees for achieving company, business unit and individual goals.
We offer a wide variety of market-competitive benefit choices to employees and their families. These include healthcare and wellness programs and a comprehensive retirement program consisting of a pension and savings plan.
Southern Company provides comprehensive health insurance to all benefit-eligible employees and their families. SouthernLifeStyle is an enhanced health and wellness program, available to employees and their spouses as part of the medical plan. Some of the features of the program include:
- Lifestyle and disease management programs to assist employees and their spouses in managing their health risks or chronic health conditions. Company-paid health and lab profiles have led to numerous preventive diagnoses, some potentially life-saving.
- Work-site fitness facilities are available at various company locations.
- The SouthernLifeStyle wellness website which provides current information on various health topics health resources and wellness initiatives.
The company helps employees prepare for retirement by offering several retirement plans. Southern Company offers a defined benefit pension plan designed to provide employees with a monthly retirement annuity. The amount is based in large part on an employee's earnings and length of service. Southern Company also offers a savings plan that enables employees to contribute a portion of their pay to a before-tax account, a traditional after-tax account, a Roth 401(k) account, or a combination of the three. The company currently matches 85 percent on the first 6 percent of base pay an employee contributes.
Employees within the Southern Company system may be called upon to serve during and after catastrophic storms. Family Services provides assistance to employees who incur significant damage to personal property as a result of a widespread disaster impacting business continuity. Employees and their families are not left alone to face lives turned upside down by catastrophe.
We strive to provide employees with opportunities to learn, grow and advance in their careers, including on-the-job training and development. In 2016, we completed 295 employee transfers between subsidiaries, providing opportunities for employees to expand their knowledge of our industry and business operations. A total of 518 employees were promoted to first-time supervisory roles. More recently, Southern Company was recognized as the top-ranked company in America in DiversityInc's 2017 ranking of "Top 10 Companies for Opportunity."
Southern Company also offers online and classroom resources, including an online portal called "Power U" that is designed to help educate employees on business fundamentals and our strategic priorities.
In addition to expanding wellness benefits, Southern Company subsidiary Georgia Power has opened two child care centers. The Bright Generations centers build the kind of workplace it takes to attract and retain the best employees. The centers offer employee families in need of child care away from the home an accredited program with a sound instructional component and nurturing environment.
The child care facilities add to wellness benefits that include a new fitness center, as well as free health monitoring and disease prevention services on-site.