Benefits/Financial: All employees are eligible for a 403(b) plan, and employees working 20 or more hours per week are offered a defined-benefit plan. Employees may invest in lifecycle funds that automatically reallocate assets based on age or proximity to retirement, and those age 50 and over are able to make 'catch-up' contributions.
Financial information is offered from staff members from the financial services firm that administers the savings plans and from external financial planning experts.
In addition, Bon Secours regularly offers Lifestyle Planning courses exclusively to its mature employees.
Provisions for caregiving include short-term and long-term leaves of absence without pay.
Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, and stress management training. Sixty-two percent of Bon Secours employees have utilized at least one of these wellness benefits in the past 12 months.
Bon Secours offers the following dependent care benefits to its full-and part-time employees: on-site child care for children and grandchildren of employees, on-site elder care, referral services to assist with child care, grandchild care and eldercare, and back-up care for child care, grandchild care and elder care. Bon Secours has three on-site Family Centers that serve approximately 500 employees' children and grandchildren.
Benefits/Alternative Work Arrangements: Flex time, compressed work schedules, job sharing and telecommuting are offered to employees working 16 or more hours per week. Employees working 24 or more hours per week can take part in the formal phased retirement program, which allows the employee to retire from Bon Secours and get rehired at a later date without losing any retirement funds. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: Bon Secours has 1,250 retirees and an individual directly responsible for retiree relations. The hospital stays connected to its retirees by communicating regularly, inviting retirees to organization events, providing ongoing access to retirement planning workshops and information, and by formally acknowledging retirees upon retirement.
Retirees are offered the following work opportunities: temporary work assignments, consulting and contract work, telecommuting, full- and part-time work and volunteering. Retired nurses are rehired to mentor new nurse graduates under the 'Guiding Light' program.
Age of Workforce: Thirty-three percent of Bon Secours employees are age 50 and over. The average tenure of those employees is 12 years.
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