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Best Employers for Workers Over 50

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Corinthian Colleges, Inc.

Winner: 2009 AARP Best Employers for Workers Over 50

Winning Years: 2009
Industry: Education
Location: Santa Ana, Calif.

Highlights of 2009 Winning Strategies

Nearly one-quarter of the workforce at Corinthian Colleges Inc. is age 50 or older. The company offers full- and part-time employees who work at least 20hours per week individual and family long-term-care insurance and referral services and backup support for eldercare.

Corinthian Colleges has 201 retirees and considers them for a variety of work assignments.

Workplace Culture and Continued Opportunities: Full- and part-time employees who work at least 20 hours per week can receive tuition reimbursement, in-house classroom training, online training, and certification classes. In 2008, 76 percent of all employees participated in at least one training opportunity, so that each employee had an average 16 hours of training.

Corinthian Colleges celebrate employees' long-service anniversaries withannouncements and awards. During the past three years, responding to employeefeedback, the company has implemented group car insurance, legal and petinsurance, and company-wide wellness programs.

Employees can work on temporary assignments, team projects, or in a formal job-rotation program to help them gain new experience and skills. To accommodate workers, Corinthian Colleges provided special technical equipment,made building or facility renovations, and permitted alternative-work arrangements or schedules.

Benefits/Health: Employees who work at least 20 hours per week are eligible for individual and family medical, prescription-drug, vision, dental,long-term-care, and short- and long-term disability coverage. CorinthianColleges also offers employees health flexible spending accounts to help cover out-of-pocket healthcare expenses.

Benefits/Financial: Full- and part-time employees who work at least 20hours per week can participate in an employer-matched defined-contribution plan. The company automatically enrolls all new hires in the plan; employees can choose to invest in life-cycle funds that reallocate assets based on age or closeness to retirement; and employees age 50+ can make catch-up contributions.

Corinthian Colleges offers employees unpaid time off to care for children or family members.  

All employees can choose wellness-related benefits, including flu shots, health screenings, health-risk appraisals, smoking-cessation programs, health-facility discounts, exercise programs, a weight-loss program, and stress-management training. In addition, to encourage their behavior modification, high-risk employees can receive personal coaching by phone. During the past 12 months,half (50 percent) of Corinthian Colleges employees used at least one of its wellness benefits.

The company offers full- and part-time employees referral services to assistwith child- and eldercare and provides backup care for children, grandchildren,and elders.  

Benefits/Alternative-Work Arrangements: The company offers full- and part-time employees who work at least 20 hours per week the opportunity to work flexible schedules, to job share, or to telecommute. Full-time employees can move to part-time work on either a permanent or temporary basis.

Opportunities for Retirees: Corinthian Colleges currently has 201retirees and a staff person with direct responsibility for managing retiree relations. The company stays connected to its retirees through regular communication, invitations to events or celebrations, and formal acknowledgement when employees retire. Corinthian Colleges maintains a list of retirees who are available for professional assignments and offers them temporary or consulting positions, telecommuting, and full- and part-time work.

Age of Workforce: Twenty-three percent of the Corinthian Collegesemployees are age 50+, with an average tenure of 4.8 years.

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