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Best Employers for Workers Over 50

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Hanson Professional Services Inc.

Winner: 2008 AARP Best Employers for Workers Over 50

Industry: Engineering/Research
Location: Springfield, Ill.
Website: www.hanson-inc.com
2008 Rank: 49

Highlights of 2008 Winning Strategies

Hanson Professional Services Inc. offers employees up to $300 per year as a wellness benefit reimbursement. Approximately one-third of Hanson employees are age 50+, with the average tenure of these employees being 11.9 years.

Additional Policies and Practices:

Workplace Culture/Continued Opportunities: Full- and part-time employees are offered the following learning and development programs: tuition reimbursement, in-house classroom training, online training, and certification classes. The tuition reimbursement program and certification classes are offered to employees working at least 20 hours per week. During the past 12 months, 100 percent of Hanson employees have participated in at least one of the training opportunities, with an average of five hours spent in training.

Hanson celebrates long-service anniversaries with announcements, parties, and awards. Feedback from employee surveys has led to an increase in referral bonuses to enhance recruiting efforts, and there has been an increased focus on performance appraisals. Employees have opportunities to gain experience by working on temporary assignments in other departments and on team projects. Hanson provided a job coach for one employee with learning and physical disabilities so that person could continue in his full-time position.

Benefits/Health: Full- and part-time employees working 20+ hours per week receive individual and family medical coverage, individual and family prescription drug coverage, individual and family vision and dental insurance, individual long-term care insurance, and short- and long-term disability. The company offers employees an FSA to assist in covering out-of-pocket health care costs.

Benefits/Financial: Hanson offers a 401(k) plan with an employer match and stock options to its full- and part-time employees. Employees may choose to invest in lifecycle funds, and those ages 50+ can make catch-up contributions to their 401(k) plan. Employees receive financial planning information from the financial services firm that administers their 401(k).

The company offers short-term time off and long-term time off without pay to allow for caregiving. Wellness programs offered to full- and part-time employees include flu shots, health screenings, health-risk appraisals, health club discounts, physical activity and exercise programs, weight loss programs, and stress-management training. Twenty-two percent of the company’s employees have used at least one of its wellness benefits in the past 12 months.

Hanson offers dependent care benefits, such as referral services to assist with care for children and grandchildren and with eldercare, to its full- and part-time employees.

Benefits/Alternative Work Arrangements: Hanson offers flextime as an alternative work arrangement to its full- and part-time employees. Telecommuting is an additional option for full-time employees. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.  

Opportunities for Retirees: Hanson currently has 50 retirees. The company stays connected with retirees by communicating on a regular basis, by inviting retirees to organization events and celebrations, and by formally acknowledging employees on the occasion of their retirement. It offers retirees temporary work assignments, consulting and contract work, telecommuting, and full- and part-time work.

Age of Workforce: Thirty-three percent of the company’s employees are age 50+. The average tenure of employees age 50+ is 11.9 years.

 

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