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2011 Best Employers

S&T Bank

Financial incentives encourage employees to participate in health programs

Benefits/Financial: Full- and part-time employees are offered a 401(k) plan with employer match. All new hires are automatically enrolled in the 401(k) plan, and employees age 50 and over can make catch-up contributions to their plan. S&T Bank employees have access to an online Web application that assists with retirement planning, provides a strategy builder for using the 401(k) plan, and also offers investment recommendations.

The employee assistance program (EAP) additionally provides free financial consultation.

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, smoking cessation programs, health club discounts, physical activity and weight loss programs, health fairs, as well as stress management training.   

S&T Bank offers referral services to assist with child care, grandchild care and elder care to its full- and part-time employees.

Benefits/Alternative Work Arrangements: Full- and part-time employees are offered flextime, compressed work schedules and telecommuting. Job sharing is offered to part-time employees. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.  

Opportunities for Retirees: S&T Bank has 323 retirees and an individual directly responsible for retiree relations. The company stays connected to its retirees by communicating regularly, by inviting them to organization events and by formally acknowledging retirees upon retirement. Retirees are offered the following work arrangements: temporary work assignments, consulting or contract work, and part-time work.

Age of Workforce: Forty-one percent of S&T Bank employees are age 50 and over. The average tenure of those employees  is 13.2 years.

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