Benefits/Financial: Full- and part-time employees are offered a 403(b) plan with employer match. Employees age 50 and over can make catch-up contributions to their 403(b) plan and may choose to invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.
Employees are offered financial education from the staff of the financial services firm that administers their savings plan and from external financial planning experts. SALB offers on-site financial seminars throughout the year and a representative from the 403(b) plan visits monthly to meet individually with employees.
Short- and long-term leaves of absence without pay are offered to allow for caregiving.
Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, health club discounts and physical activity programs.
SALB offers referral services to assist with child care, care of grandchildren, and eldercare to its full- and part-time employees.
Benefits/Alternative Work Arrangements: The following alternative work arrangements are offered to employees working 30 or more hours per week: flextime, compressed work schedules and telecommuting, while job sharing is offered to all employees. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: SALB has an individual directly responsible for retiree relations and stays connected to its retirees by inviting retirees to organization events, providing ongoing access to retirement planning workshops and information, and formally acknowledging retirees upon retirement.
Age of Workforce: Fifty percent of SALB employees are age 50 and over. The average tenure of those employees is 6.5 years.
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