First Horizon offers referral services to assist with care for children and grandchildren, and for eldercare, to its full- and part-time employees.
Benefits/Alternative Work Arrangements: First Horizon offers the following alternative work arrangements to its full- and part-time employees: flextime, compressed work schedules, job sharing, telecommuting, and a formal phased retirement program. The phased-retirement program allows employees the option of working reduced work hours of 20–32 hours per week yet maintaining full-time benefits. Full-time employees are eligible to move to prime-time schedules on a permanent or temporary basis.
Opportunities for Retirees: First Horizon currently has 1,507 retirees and an employee directly responsible for retiree relations. The company stays connected with retirees by communicating regularly, inviting them to organization events and celebrations, providing ongoing access to retirement planning workshops and information, and formally acknowledging retirees when they retire. The company offers retirees temporary work assignments, consulting and contract work, telecommuting, and full- and part-time work.
Age of Workforce: Twenty-seven percent of First Horizon’s employees are age 50+. The average tenure of employees age 50+ is 11.95 years.