Industry: Financial Services Location: Las Vegas Website: www.onenevada.org
Winning Years: 2013, 2011, 2009, 2008
Highlights of 2013 Winning Strategies
One Nevada Credit Union hosts an annual Health and Wellness Fair that has proved to be a great benefit to its mature workers. Numerous health, nutrition and wellness providers are available on-site to employees and their dependents offering free services such as flu shots, and cholesterol, blood sugar, vision, spine alignment and chiropractic screenings, as well as diet and nutritional counseling. In addition, One Nevada partners with Care.com, which gives employees access to resources for senior housing, home care agencies and home care individuals.
Additional Policies and Practices
- Workplace Culture/Continued Opportunities: Employees are offered the following learning and development programs: tuition reimbursement, in-house classroom training, online training, certification classes and reimbursement of professional membership dues. In a recent 12-month period, 100 percent of employees participated in at least one of the training opportunities with an average of 52 hours spent in training. Long-service anniversaries are celebrated with announcements, parties and awards. Due to results gathered from One Nevada’s Employee Opinion Survey, the premium amount on the health benefit plan was not increased and some of its training and development programs were restructured to a webinar format. Employees have opportunities to gain new experiences by working on temporary assignments in other departments, on team projects, and by participating in formal job rotation and mentoring programs.
- Benefits/Health: Employees working 18-plus hours per week receive individual and family medical coverage, individual and family prescription drug coverage, individual and family vision and dental insurance, and short- and long-term disability. Individual and family long-term care insurance is offered to all employees. Health benefits for retirees pre-65 include individual and retiree medical and prescription drug coverage, as well as the services of an Employee Assistance Program (EAP). New hires are eligible for the EAP benefit upon retirement. Flexible spending accounts (FSAs) are available to assist in covering out-of-pocket health care costs. Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, stress management training, as well as an annual health fair. Thirty-nine percent of One Nevada employees utilized at least one of these wellness 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: Employees are offered a 401(k) plan with employer match. Employees age 50-plus can make catch-up contributions to their 401(k) plan and may choose to invest in lifecycle funds that automatically reallocate assets based on employee’s age or proximity to retirement. One Nevada has an auto rebalance feature available and free access to professional certified financial advisors. Employees are offered financial education from the staff of the financial services firm that administers their savings plan. Paid time off and short- and long-term leaves of absence without pay are offered to allow for caregiving. The Extended Illness Bank grants paid leave benefits to eligible employees for their own extended illness, illness of qualifying dependents and bereavement time off. One Nevada offers dependent care assistance including referral services and backup care to assist with child care, grandchild care and eldercare.
- Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees: flextime, compressed work schedules, job sharing and telecommuting. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
- Opportunities for Retirees: One Nevada has 40 retirees within the organization and an employee who is directly responsible for retiree relations. The credit union stays connected to its retirees by communicating with them on a regular basis, by inviting retirees to organization events, by providing them with ongoing access to retirement planning workshops/information and by formally acknowledging retirees upon retirement. Retirees are offered the following work opportunities: temporary work assignments, consulting or contract work, as well as full- and part-time work.
- Age of Workforce: Forty percent of One Nevada employees are age 50-plus. The average tenure of employees age 50-plus is 13.9 years.
Also of Interest: More AARP Best Employers for Workers Over 50
Next ArticleRead This