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The Southern Company Employees: How a Hybrid Work Environment Could Work for Your Team

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It’s been more than two years of on-again, off-again work in the office, and as someone who has been on both sides of the Zoom, the solution is clear: don’t force employees into the office if they don’t want to be there.

Remote Control

Many leaders across the spectrum are facing the question about when, and if, to bring their teams back into the office. While you will hear arguments that support both sides of the debate, there are no stats that support creating a work environment filled with dissatisfied workers.

At TheSoul Publishing, we’ve been 80% remote for more than five years. That headstart gave our growing digital studio an incredible runway to learn the dos and the don’ts of making a remote work environment work efficiently. Many of our team members work in creative roles, and they benefit from non-traditional work hours. Our team never knows when and how they will be inspired to create the next viral video, and our remote setup enables that flexibility.

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But it’s not just creatively focused team members who benefit from an efficient remote setup. Colleagues from across the spectrum, whether it’s IT, finance, or Human Resources have seen the benefits of working from home.

Flexible Schedules

One team member needs to get his kids to school in the morning but loves burning the midnight oil. Another prefers an early start, and an early finish to her day. One of my team members even prefers to take an hour or two in the middle of the day to step away and refocus. When you’re working remotely, all of these schedules are not only possible, but actually can be more productive for the team as a whole.

But effective remote working doesn’t happen on its own. The system needs to be carefully considered and constructed with particular business needs in mind. First and foremost is setting up a clear and effective system for communications and project management.

Asynchronous Communications

When you’re in the office and your teammate comes to your desk and asks you a question, you most likely stop what you’re doing and do your best to answer the question. While this may be efficient for the person asking the question, it’s more than likely not the best process for the person answering. On the flip side, asynchronous communication has proven to be an incredibly effective way for businesses to operate. Instead of your colleague getting instant answers, he instead uses your project management system to pose the question. If it’s urgent, he can make the deadline ASAP, whereas if the answer can come in a few days, the deadline can be delayed.

When a question is attached to the project, it also enables both parties to have full transparency into all of the details, often answering questions before they’re asked. Also, it means the person being asked a question can answer at a time that is best for them, rather than when they are in the middle of a project.

Asynchronous communications also enable companies to schedule fewer meetings and eliminates the need for internal email. It’s worked well for TheSoul, which has a no meetings/no internal email policy. Projects move forward on schedule as expectations are clearly laid out, with contributors having access to their teammates’ tasks to better understand status and progress.

While having a live chat tool at the disposal of your team is useful, there isn’t an expectation that a message will be immediately responded to. This allows everyone to focus on the task at hand and prioritize their time as they see fit. If the team is aligned on the desired outcome, it’s a superior method to accomplishing goals...

Source: HR Daily Advisor

What is the 401(k) plan offered by The Southern Company?

The Southern Company offers a 401(k) plan that allows employees to save for retirement through pre-tax contributions, which can grow tax-deferred until withdrawal.

How can I enroll in The Southern Company's 401(k) plan?

Employees can enroll in The Southern Company's 401(k) plan through the online benefits portal or by contacting the HR department for assistance.

Does The Southern Company match employee contributions to the 401(k) plan?

Yes, The Southern Company provides a matching contribution to employee 401(k) accounts, which helps enhance retirement savings.

What is the maximum contribution limit for The Southern Company's 401(k) plan?

The maximum contribution limit for The Southern Company's 401(k) plan is subject to IRS limits, which are updated annually. Employees should refer to the latest IRS guidelines for specific amounts.

Can I change my contribution percentage to The Southern Company's 401(k) plan?

Yes, employees can change their contribution percentage to The Southern Company's 401(k) plan at any time through the online benefits portal.

What investment options are available in The Southern Company's 401(k) plan?

The Southern Company's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to different risk tolerances.

When can I access my funds from The Southern Company's 401(k) plan?

Employees can access their funds from The Southern Company's 401(k) plan upon reaching retirement age, or under certain circumstances such as financial hardship or termination of employment.

Does The Southern Company offer financial education regarding the 401(k) plan?

Yes, The Southern Company provides financial education resources and workshops to help employees understand their 401(k) options and make informed investment decisions.

What happens to my 401(k) plan if I leave The Southern Company?

If you leave The Southern Company, you have several options for your 401(k) plan, including rolling it over to another retirement account, leaving it with The Southern Company, or cashing it out (subject to taxes and penalties).

Are there any fees associated with The Southern Company's 401(k) plan?

Yes, The Southern Company’s 401(k) plan may have administrative fees and investment-related expenses, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
The Southern Company offers a traditional defined benefit pension plan and a cash balance pension plan. The cash balance plan credits a percentage of the employee's salary annually to an account that grows with interest. Additionally, the company provides a defined contribution 401(k) plan with company matching contributions. The plan includes various investment options such as target-date funds and mutual funds. Financial planning resources and tools are available to help employees manage their retirement savings.
Operational Restructuring: The Southern Company has not announced major layoffs recently but continues to focus on strategic initiatives to streamline operations and enhance efficiency. The company has been investing in clean energy projects and expanding its income-qualified discount programs to assist more customers. These efforts are part of Southern Company's commitment to sustainability and operational excellence (Sources: Intellizence, Southern Company).
The Southern Company offers RSUs as part of its equity compensation plan. These RSUs vest over a specified period, providing shares upon vesting. Stock options are also available, allowing employees to purchase shares at a fixed price and benefit from potential stock price appreciation.
Southern Company has been actively enhancing its employee healthcare benefits to meet the demands of the current economic, investment, tax, and political environment. In 2022, Southern Company focused on providing comprehensive healthcare plans that include medical, dental, vision, and various wellness programs. These initiatives are designed to support the overall well-being of employees, ensuring they have access to necessary resources to maintain their health. The company also emphasized the importance of mental health by integrating mental health support into their Employee Assistance Programs (EAP), reflecting a broader commitment to holistic employee care. In 2023, Southern Company continued to expand its healthcare offerings by implementing advanced digital health solutions and increasing access to telemedicine services. These enhancements are part of the company's broader strategy to support a flexible and resilient workforce. Additionally, Southern Company has placed a strong emphasis on sustainability and community engagement, which includes initiatives aimed at promoting environmental stewardship and supporting local communities. By investing in robust healthcare and wellness programs, Southern Company aims to attract and retain top talent, ensuring long-term business success and resilience amid economic uncertainties.
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For more information you can reach the plan administrator for The Southern Company at 1932 wynnton road Columbus, GA 31999; or by calling them at 800-227-4756.

https://www.southerncompany.com/documents/pension-plan-2022.pdf - Page 5, https://www.southerncompany.com/documents/pension-plan-2023.pdf - Page 12, https://www.southerncompany.com/documents/pension-plan-2024.pdf - Page 15, https://www.southerncompany.com/documents/401k-plan-2022.pdf - Page 8, https://www.southerncompany.com/documents/401k-plan-2023.pdf - Page 22, https://www.southerncompany.com/documents/401k-plan-2024.pdf - Page 28, https://www.southerncompany.com/documents/rsu-plan-2022.pdf - Page 20, https://www.southerncompany.com/documents/rsu-plan-2023.pdf - Page 14, https://www.southerncompany.com/documents/rsu-plan-2024.pdf - Page 17, https://www.southerncompany.com/documents/healthcare-plan-2022.pdf - Page 23

*Please see disclaimer for more information

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