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Dynegy offers an excellent total rewards package and ongoing career development programs. Dynegy focuses on employee development. You’ll receive on-going support to meet your individual needs and aspirations. At Dynegy, development isn’t restricted; it’s part of our everyday activities. We also offer casual work attire, encourage community involvement and recognize employee excellence. We value our employees and are always looking for new ways to express our commitment. In appreciation of the special talents and dedication of our people, Dynegy provides varied and comprehensive benefits, compensation and recognition programs:
Dynegy pays for performance. Your salary growth and opportunity for promotion are based on your individual performance and contributions to the success of Dynegy. We maintain market and internal data sources to ensure our compensation package remains current and competitive in this ever-changing employment market. Our compensation program also includes a performance-based incentive bonus program for eligible employees.
At Dynegy, your health and dental plans are available to you upon employment. Our core plan is an account based health plan with a health savings account. The terms of our plan are above average for your coverage and out-of-pocket protection.
You are eligible to contribute to the 401(k) Savings Plan on a pretax basis, in one percent increments of your base pay up to the annual before-tax contribution limit set by the IRS. The company makes matching contribution to your 401(k) savings account based on your contributions and plan eligibility provisions.
Regular full-time employees also receive an annual company credit equal to 6% of your annual base pay into the Portable Retirement Benefit Plan or credited company service in a defined benefit retirement plan based on plan eligibility.
It is essential that the company continue to create a work environment that is challenging and conducive to maximum performance, while providing employees with an appropriate balance between their work and personal lives.
An important benefit of your total reward package at Dynegy is time away from work-whether it’s for travel or recreation, to recuperate from illness or care for a sick family member, to perform your civic duty or celebrate holidays. Our programs, provided at no cost, provide employees with a personal paid time bank each year that provides the freedom to take time away from work for vacation, holidays not observed by the company, or for any other personal reasons. In addition, a bank of sick time is available each year to use for your own occasional or extended injury or illness, or for pregnancy. Other leave programs at Dynegy include long-term disability, maternity leave, new parent leave, family illness leave, and military leave.