Benefits/Financial: Employees working 20 or more hours per week are offered a 401(k) plan and a 403(b) plan with employer match, a defined-benefit plan, and a cash-balance or other hybrid plan. Employees age 50 and over can make catch-up contributions to their plan and may invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.
Staff from the financial services firm that administers the retirement plan and external financial planning experts provide financial information and training to employees. Specifically, outside advisors conduct training sessions on retirement planning and retirement issues.
Short-term and long-term leaves of absence are offered without pay to allow for caregiving.
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.
Saint Barnabas offers on-site child care for children of employees and for grandchildren of employees with responsibility for grandchildren as well as referral services to assist with child care, care for grandchildren and elder care to its employees working 10 or more hours per week.
Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees working 10 or more hours per week: flextime, compressed work schedules and job sharing. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: Saint Barnabas has 2,731 retirees and an individual directly responsible for retiree relations. The hospital stays connected with its retirees by communicating regularly, inviting retirees to organization events, providing ongoing access to retirement planning workshops and information, and by formally acknowledging retirees when they retire. Retirees are offered work opportunities including temporary work assignments and full- and part-time work.
Age of Workforce: Forty-two percent of Saint Barnabas employees are age 50 and over. The average tenure of those employees is 16 years.
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