EXELON CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Employees
The Registrants strive to create a workplace culture that promotes and embodies diversity, inclusion, innovation, and safety for their employees. In order to provide the services and products that their customers expect, the Registrants aspire to create teams that reflect the diversity of the communities that the Registrants serve. Therefore, the Registrants take steps to attract and retain highly qualified and diverse talent and seek to create hiring and promotion practices that are equitable and neutralize any bias, including unconscious bias. The Registrants provide growth opportunities, competitive compensation and benefits, and a variety of training and development programs. The Registrants are committed to helping all employees grow their skills and careers largely through numerous training opportunities, mentorship programs, continuous feedback and development discussions, and evaluations. Employees are encouraged to thrive outside the workplace as well. The Registrants provide a full suite of wellness benefits targeted at supporting work-life balance, physical, mental and financial health, and industry-leading paid leave policies.
The Registrants typically conduct an employee engagement survey every other year to help identify organizational strengths and areas of opportunity for growth. The survey results are reviewed with senior management and the Exelon Board of Directors.
Diversity Metrics
The following tables show diversity metrics for all employees and management as of December 31, 2023.
| Employees | Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE |
|---|---|---|---|---|---|---|---|---|
| Female(a)(b) | 5,637 | 1,672 | 813 | 808 | 1,320 | 335 | 137 | 107 |
| People of Color(a)(b) | 8,174 | 2,822 | 1,084 | 1,273 | 1,895 | 867 | 233 | 158 |
| Aged <30 | 2,295 | 817 | 406 | 319 | 460 | 157 | 107 | 65 |
| Aged 30-50 | 11,189 | 3,976 | 1,592 | 1,914 | 2,352 | 754 | 491 | 351 |
| Aged >50 | 6,478 | 1,881 | 1,040 | 1,062 | 1,471 | 443 | 320 | 205 |
| Total Employees(c) | 19,962 | 6,674 | 3,038 | 3,295 | 4,283 | 1,354 | 918 | 621 |
| Management(d) | Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE |
|---|---|---|---|---|---|---|---|---|
| Female(a)(b) | 1,159 | 268 | 146 | 138 | 251 | 58 | 14 | 21 |
| People of Color(a)(b) | 1,303 | 388 | 143 | 190 | 313 | 119 | 35 | 30 |
| Aged <30 | 21 | 4 | 4 | 3 | 5 | 1 | 1 | 2 |
| Aged 30-50 | 2,045 | 580 | 208 | 314 | 447 | 123 | 63 | 45 |
| Aged >50 | 1,410 | 384 | 173 | 172 | 292 | 66 | 44 | 40 |
| Within 10 years of retirement eligibility | 1,998 | 551 | 228 | 244 | 412 | 102 | 58 | 58 |
| Total Employees in Management(c) | 3,476 | 968 | 385 | 489 | 744 | 190 | 108 | 87 |
(a)To effectuate Exelon's pay equity goals, Exelon conducts analysis on gender and racial pay equity.
(b)Information concerning women and people of color is based on self-disclosed information.
(c)Total employees represents the sum of the aged categories.
(d)Management is defined as executive/senior level officials and managers as well as all employees who have direct reports and/or supervisory responsibilities.
Turnover Rates
As turnover is inherent, management succession planning is performed and tracked for all executives and critical key manager positions. Management frequently reviews succession planning to ensure the Registrants are prepared when positions become available.
The table below shows the average turnover rate for all employees for the last three years of 2021 to 2023.
| Exelon | ComEd | PECO | BGE | PHI | Pepco | DPL | ACE | |
|---|---|---|---|---|---|---|---|---|
| Retirement Age | 3.41% | 3.84% | 3.97% | 2.85% | 3.36% | 3.20% | 3.71% | 3.79% |
| Voluntary | 3.07% | 2.63% | 2.92% | 2.08% | 2.83% | 3.25% | 1.73% | 2.29% |
| Non-Voluntary | 0.87% | 0.73% | 1.13% | 0.88% | 1.08% | 1.76% | 0.66% | 0.75% |
Collective Bargaining Agreements
Approximately 43% of Exelon’s employees participate in CBAs. The following table presents employee information, including information about CBAs, as of December 31, 2023.
| Total Employees Covered by CBAs | Number of CBAs | CBAs New and Renewed in 2023(a) | Total Employees Under CBAs New and Renewed in 2023 | |
|---|---|---|---|---|
| Exelon | 8,555 | 10 | 2 | 1,813 |
| ComEd | 3,583 | 2 | — | — |
| PECO | 1,438 | 2 | — | — |
| BGE | 1,433 | 1 | 1 | 1,433 |
| PHI | 2,096 | 5 | 1 | 380 |
| Pepco | 860 | 1 | — | — |
| DPL | 637 | 2 | — | — |
| ACE | 405 | 2 | 1 | 380 |
(a)Does not include CBAs that were extended in 2023 while negotiations are ongoing for renewal.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.