Industry: Hospitals/Health Care Location: Morgantown, W.Va. Website: www.monhealthsys.org
Winning Years: 2013, 2011, 2007
Highlights of 2013 Winning Strategies
Monongalia General Hospital’s In Service Retirement Program gives employees the benefit of being able to continue working in their current position and start receiving pension benefits at the age of 60. In the past five years, 125 employees have utilized this program. Employees receive a discount on their medical insurance premiums by participating in the company’s Wellness Initiative. To qualify, the employee must complete a health risk assessment, have a biometric screening, sign a tobacco-free declaration and designate a primary care provider.
Additional Policies and Practices
- Recruiting: Monongalia advertises job openings on websites such as RetirementJobs.com, Jobs 4.0 and Workforce50.com.
- Workplace Culture/Continued Opportunities: Employees working eight-plus hours per week are offered the following learning and development programs: tuition reimbursement, certification classes and reimbursement for professional membership dues. In-house classroom training and online training are offered to all employees. In a recent 12-month period, 100 percent of employees participated in at least one of the training opportunities with an average of 30 hours spent in training. Long-service anniversaries are celebrated with announcements, parties, gifts and awards. Feedback from employee opinion surveys prompted Monongalia to increase its tuition reimbursement benefit for full-time employees committed to continuing employment at the hospital, an alliance with Highmark West Virginia was initiated to allow employees office visits with Highmark physicians at a Tier 2 benefit level, and an Employee Activities Committee was created that sponsors employee events. Employees have opportunities to gain new experiences by working on temporary assignments in other departments, on team projects, and by having access to formal job rotation and mentoring programs. Monongalia’s Transitional Work Program provides work opportunities to employees within their functional level. Job redesign opportunities are offered to employees based on their unique needs.
- Benefits/Health: Employees working 20-plus hours per week receive individual and family medical coverage, individual and family prescription drug coverage, individual and family vision and dental insurance, individual and family long-term care insurance, and short- and long-term disability. Flexible spending accounts (FSAs) are available to assist in covering out-of-pocket health care costs. Employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, as well as stress management training. Fifty-six percent of Monongalia employees utilized at least one of these wellness-related benefits during a recent 12-month period. EAP services are available to full- and part-time employees as well as their family members.
- Benefits/Financial: Monongalia employees are offered a 403(b) plan with employer match. All new hires and all employees are automatically enrolled in the 403(b) plan, employees age 50-plus can make catch-up contributions to their plan, and plan participants may invest in lifecycle funds that automatically reallocate assets based on age or proximity to retirement. Employees are offered financial education from staff members and from the staff of the financial services firm that administers their savings plan. Financial counseling and training is offered through the EAP with programs such as Making and Following a Budget, and Preparing Psychologically for Retirement. Monongalia also sponsors a Financial Wellness Day in which local and national financial organizations come to the hospital to present their services. Short- and long-term leaves of absence without pay are offered to allow for caregiving. Employees can donate their paid time off to employees needing time away for caregiving. Monongalia offers on-site child care and grandchild care, referral services to assist with child care and eldercare, and backup care for child care and grandchild care to all employees.
- Benefits/Alternative Work Arrangements: Alternative work arrangements such as flextime, job sharing and a formal phased retirement program are offered to all employees, compressed work schedules are offered to employees working 10-plus hours per week and telecommuting is offered to employees working 20-plus hours per week. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
- Opportunities for Retirees: Monongalia has 529 retirees and an individual directly responsible for retiree relations. The hospital stays connected with its retirees by communicating on a regular basis, by inviting retirees to organization events and by formally acknowledging employees upon their retirement. Retirees can participate in employment opportunities such as temporary work assignments, consulting or contract work, telecommuting, as well as full- and part-time work.
- Age of Workforce: Thirty-five percent of Monongalia employees are age 50-plus. The average tenure of employees age 50-plus is 16.9 years.
Also of Interest: More AARP Best Employers for Workers Over 50