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Best Employers for Workers Over 50

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Stanley Consultants

Winner: 2008 AARP Best Employers for Workers Over 50

Benefits/Financial: Stanley offers a 401(k) with a company match and stock options to its full- and part-time employees. Employees are automatically enrolled in the 401(k) plan, may invest in lifecycle funds, and employees age 50+ can make catch-up contributions.

Employees receive financial-planning information from staff members, from the firm that administers their 401(k) plan, and from external financial-planning experts not affiliated with the 401(k).

The company offers short-term time off without pay and long-term leaves of absence without pay to allow for caregiving. Employees can also receive time off through a time-off bank funded by employee donations of vacation time.

The following wellness programs are offered to full- and part-time employees: flu shots, health screenings, smoking cessation programs, and physical activity and exercise programs. Full-time employees can also take advantage of discounts to local health clubs. The company reimburses each employee $150 annually for health club memberships and for home-exercise equipment. Fifty-eight percent of the company’s employees have used at least one of its wellness benefits during the past 12 months.

Stanley offers referral services to its full- and part-time employees to assist with child care and eldercare.

Benefits/Alternative Work Arrangements: Stanley offers alternative work arrangements such as flextime, telecommuting, and a formal phased-retirement program, to its full- and part-time employees. It also offers full-time employees compressed work schedules. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.

Opportunities for Retirees: Stanley currently has 144 retirees and an employee who is directly responsible for retiree relations. The company stays connected with its retirees by communicating regularly, inviting retirees 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: Thirty-four percent of the company’s employees are age 50+. The average tenure of employees age 50+ is 5.74 years.

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