Press Releases
08/11/2021
Health and Wellbeing
Health and Wellbeing
At Avangrid, we take a “Total Health” approach to benefits and well-being with inclusive programs designed to support employees’ physical, financial, emotional, and social health. From a top tier 401(k) match to high-quality medical plans, to a wide array of education and wellbeing options, we’ve got you and your family covered through each stage of life.
We regularly assess our programs to ensure they are inclusive and relevant to our employees’ needs. Below are examples of the types of benefits Avangrid typically makes available:
- Work-Life Balance
- A competitive allotment of Paid Time Off and company holidays.
- Paid Parental Leave – allowing parents paid time off to bond with a new child through birth, surrogacy, adoption, and foster placement.
- Options for office-based employees to engage in flexible work, such as a hybrid schedule.
- Time off for a variety of additional life circumstances, such as bereavement, military service, and jury duty.
- Core Health Benefits
- Comprehensive medical, dental, and vision plans as well as HSAs and FSAs – so you can choose the coverage levels that are best for you and your stage of life.
- Short- and long-term disability, life insurance, and AD&D coverage.
- Retirement Savings
- Our 401(k) match is one of the best around, and we make it easy to save for your future with features like automatic enrollment, an auto increase program, and 1:1 consultations with financial advisors.
- Additional Programs
- Fertility and family-forming coverage – supporting avenues such as fertility treatment, adoption, fertility planning and freezing, and surrogacy.
- Financial well-being programs, such as emergency savings accounts and retirement education.
- Educational support – for example, a Student Loan Debt Repayment program, which provides eligible employees with a $250 monthly cash payment made directly to their student loan provider (up to a $9,000 lifetime max).
- Subsidized back-up care options for children, elder family members, and those with special needs.
- Mental health support and incentives to help you care for yourself– a network of Mental Health First Aiders, apps for mindfulness and sleep quality, and confidential access to counselors.
- A variety of additional options that allow employees to make choices that meet their individual needs, such as telemedicine, college coaching, gender-affirming support and services, medical claims navigation, identity theft protection, legal assistance, and pet insurance.
- Pay
- Our compensation package includes competitive base pay, incentive, and recognition programs.
- Volunteering and Giving Back
- In partnership with the Avangrid Foundation, we are proud to support employee giving and volunteering through our Energized for Good! Program, which supports local non-profits by offering a cash match for employee donations, as well as direct donations for each hour of employee volunteer time.
DISCLAIMER: Employee eligibility will vary depending on the applicable plan document’s terms and conditions and any applicable collective bargaining agreement. The information above does not replace, amend, or supplement any applicable collective bargaining agreement or any applicable plan documents. The terms expressed in any applicable collective bargaining agreement or plan document will control.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
