Benefits/Financial: Employees working 20 or more hours per week are offered a 403(b) plan with employer match and a cash-balance or other hybrid plan. Employees age 50 and over can make catch-up contributions to their 403(b) plan. Staff members and staff from the financial services firm that administers the retirement plan provide financial information and training to employees.
Short-term and long-term leaves of absence without pay and paid time off are offered to allow for caregiving. Mercy's Donated Leave Sharing Plan allows Mercy employees to donate time to other employees in need.
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, stress management training and a Safety Fair.
Mercy offers on-site elder care, as well as referral services and back-up care to assist with child care, care for grandchildren and elder care to its full- and part-time employees. In addition, Mercy provides an adaptive device benefit that offers reimbursement for adaptive care devices for employees and their dependents.
Benefits/Alternative Work Arrangements: Full-time employees working 40 hours per week can participate in job sharing while those working 20 or more hours per week are eligible for flex time, compressed work schedules, telecommuting and a formal phased retirement program.
The Work To Retire Program allows employee partners age 50 and over with five years of service the opportunity to work reduced, pool or work-at-home schedules, and allows employees age 55 and over with 15 years of service to work seasonally, for 1000 hours in a year at their discretion, while maintaining full part-time benefits.
Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: Mercy has 325 retirees and an individual directly responsible for retiree relations. The hospital stays connected with its retirees by communicating on a regular basis, by inviting retirees to organization events, by providing ongoing access to retirement planning workshops and education, and by formally acknowledging retirees upon retirement. Retirees are offered work opportunities including temporary work assignments, telecommuting, and full- and part-time work.
Age of Workforce: Thirty-six percent of Mercy employees are age 50 and over. The average tenure of such employees is 12.98 years.
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