Benefits/Financial: Employees working 20 or more hours per week are offered a 403(b) plan with employer match. Employees age 50 and over can make catch-up contributions to their plan and may also invest in lifecycle funds that automatically re-allocate assets based on age or proximity to retirement.
Employees are financially educated by staff members, by the staff of the financial services firm that administers their 403(b) and from external financial planning experts. Financial planning seminars are offered to retirees including Rethink, Rebuild, Retire, Revision Retirement, and Planning for Financial Security.
WVUH hosts an annual retirement fair to assist employees through educational workshops and meetings with industry experts.
Employees are offered short-term and long-term leaves of absence without pay for caregiving needs.
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, the Dr. Dean Ornish Program for Reversing Heart Disease, and stress management training.
WVUH offers on-site child care for children of employees, referral services to assist with child care, and back-up care for child care to its employees working 20 or more hours per week.
Benefits/Alternative Work Arrangements: Full- and part-time employees can participate in alternative work arrangements such as flextime, compressed work schedules, job sharing, telecommuting and a formal phased retirement program. Employees participating in the phased retirement program reduce their schedules but maintain their benefits provided the employee works a minimum of 20 hours per week.
Employees can take advantage of a variety of scheduling options including 8, 10, and 12 hour shifts, weekends only, per diem, and telecommuting is offered in some areas. Full-time employees are eligible to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: WVUH has an individual directly responsible for retiree relations and the hospital stays connected with its retirees by communicating regularly, inviting retirees to organization events, and by providing ongoing access to retirement planning workshops and information. Retirees are offered the following work opportunities: temporary work assignments, consulting and contract work, telecommuting, part-time work and full-time work.
Age of Workforce: Twenty-five percent of WVUH employees are age 50 and over. The average tenure of such employees is 13.8 years.
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