Industry: Service Sector-Business Services Location: Parsippany, N.J. Website: www.solixinc.com
Winning Years: 2013, 2009
Highlights of 2013 Winning Strategies
Solix Inc. employees and their families receive myriad free benefits through its Employee Assistance Program (EAP). Professionally trained counselors provide support with issues such as stress management, marital and family relationships, family loss, alcohol or drug problems, legal and financial problems, retirement concerns, as well as child and eldercare resources and referrals.
Additional Policies and Practices
- Recruiting: Solix uses the Retired Enlisted Association to target mature workers and retirees.
- Workplace Culture/Continued Opportunities: Learning and development programs such as in-house classroom training and online training are offered to all employees, certification classes and reimbursement for professional membership dues are offered to employees working 30-plus hours per week, and tuition reimbursement is offered to employees working 37-plus hours per week. In a recent 12-month period, 94 percent of employees participated in at least one of the training opportunities with an average of 24 hours spent in training. Long-service anniversaries are celebrated with announcements, parties and awards. Due to feedback gathered from employee opinion survey results, Solix added an adoption assistance policy, expanded its available work hours and implemented new workplace flexibility policies, including compressed work weeks, part-time employment, sabbatical leave and volunteerism. Employees have opportunities to cross-train by working on temporary assignments in other departments, on team projects and by having access to formal mentoring programs. Solix provides accommodations to its employees such as purchasing special software to assist employees with cognitive issues, increasing the number of handicapped-accessible parking spaces, providing specialized keyboards and mouse devices, as well as ergonomic chairs and standing work stations. Telecommuting options are also offered.
- Benefits/Health: Employees working 30-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. Health benefits for retirees pre-65 (if enrolled) include individual and spouse medical and prescription drug coverage, individual and spouse long-term care insurance, and individual and spouse life insurance or other death benefit coverage. Retirees age 65-plus can choose to continue to receive individual and spouse long-term care insurance, as well as individual and spouse life insurance or other death benefit coverage. New hires are eligible for all of the above benefits 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 or exercise programs, wellness programs, and stress management training. Forty-three percent of Solix employees utilized at least one of these wellness benefits during a recent 12-month period.
- Benefits/Financial: Eligible Solix employees are offered a 401(k) plan with employer match as well as profit sharing or a similar plan. All new hires are automatically enrolled into the 401(k) plan, employees age 50-plus can make catch-up contributions to their plan, and plan participants may choose to invest in lifecycle funds that automatically reallocate assets based on age or proximity to retirement. Employees are offered financial education from the staff of the financial services firm that administers their 401(k) plan. Individual retirement planning sessions are available to employees nearing retirement. Information on retirement readiness, Social Security, saving for retirement, saving for college, asset allocation and risk tolerance are provided. Short- and long-term leaves of absence without pay are offered to allow for caregiving. Referral services to assist with child care and eldercare are available to employees working 30-plus hours per week.
- Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees working 30-plus hours per week: flextime, job sharing and a formal phased retirement program. Compressed work schedules and telecommuting are also offered to employees working 37-plus hours per week. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
- Opportunities for Retirees: Solix has 23 retirees and an individual directly responsible for retiree relations. The company stays connected with its retirees by inviting retirees to organization events, and by formally acknowledging employees upon their retirement. Retirees are offered temporary work assignments, consulting or contract work as well as part-time work.
- Age of Workforce: Forty-two percent of Solix employees are age 50-plus. The average tenure of employees age 50-plus is 9.3 years.
Also of Interest: More AARP Best Employers for Workers Over 50