Corporate Responsibility Report 2013

Benefits & Recognition

Our benefits

We provide employees with a benefits package that includes:
  • health and wellness
  • family-friendly benefits
  • retirement/savings plans
  • educational support

Employee and family assistance

Employees may seek assistance through several formal options:

  • their immediate supervisor
  • the Human Resources department
  • a confidential support service with counseling services offered by phone, online, in-person, and text-based (e.g. self-care, self-learning)

Our Employee and Family Assistance Program helps individuals, couples, and families access short-term counseling to assist with life challenges. This includes help with anxiety, depression, career enhancement and workplace issues, family issues, bereavement, addictions, and other health issues.

Health and welfare

Programs are reviewed regularly and customized by region to ensure they are competitive and typical of the regions in which we operate. Coverage includes medical, dental, vision care, and spending accounts for employees and their families, and income protection in the form of short- and long-term disability for employees.

A basic amount of life insurance is provided for all employees, with employees having the option to increase coverage for themselves and their dependents.

Retirement savings plans

We offer a variety of retirement and savings plans. Depending on eligibility (e.g. permanent versus temporary or union versus non-union employees) and location, employees participate in pension, 401(k), and registered and non-registered savings plans.

Educational resources are also available to plan participants through the various plan providers.

Incentive pay

Most employees are eligible for a short-term incentive award, which is based on the achievement of corporate, group, and individual performance objectives. Incentive targets vary by position and generally increase as the employee moves up in the organization. The incentive target is a percentage of base salary and ranges from 7% to 25% or more. Union employees participating in the plan have a target incentive identified in their collective agreement.

For more information on our compensation philosophy and programs, see the 2013 Capital Power Corporation Management Proxy Circular

Paid time off

We believe in work/life balance and encourage employees to take time away from the workplace. Employees are offered various paid-time-off options based on eligibility and region. Paid holidays, personal leave days, paid time off, vacation, and the My Time program allow for flexibility in time away from work.

New in 2013 – Temporary flexible work arrangements offered

Short term, acute, family, or personal responsibilities can sometimes place a significant amount of strain on work/life balance. To assist employees maintain balance during this temporary period, employees have the opportunity to add flexibility to their work arrangement through short-term customized arrangements including flextime (rearrangement of hours), flexplace (different work location including from home), and reduced work schedule (reduced work hours).

Milestone achievement award program

Our Milestone Achievement Awards Program recognizes employees for service ranging from five to 35 years with pre-paid credit cards ranging in value from $300 to $2,500.

Employees reaching milestones of 10 years and above are invited to a special recognition event that is hosted by our President and CEO, Brian Vaasjo, to personally thank employees for their long-term commitment and contributions.

In 2013, 41 employees were recognized across our company with one U.S. employee reaching 35 years. Celebrations were held in Raleigh, NC and Edmonton, AB.

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