SLIDESHOW: Best Employers if You Are Over 50
The American Association of Retired Persons (AARP) and the Society for Human Resource Management recently announced the 2013 list of best employers for workers aged 50 and up.
The first place winner was the National Institutes of Health, the nation’s medical research agency.
As it turns out, the top five best employers for Baby Boomers and other older workers are in the medical or health care sector.
In order, they are Scripps Health of San Diego; Atlantic Health Systems of Morristown, New Jersey; the MD Anderson Cancer Center at the University of Texas at Houston; and Mercy Health System of Janesville, Wisconsin.
Since 23 of the 50 top employers of seniors are in health care, there must be a reason. According to Jean Setzfand, AARP vice president for financial security, health care employers want to hire employees who understand and sympathize with their aging clientele.
They also "value the skill set of the older worker," Setzfand said. Finally, since these employers require a highly skilled labor force, that generally means older workers.
The areas on which employers were rated include flextime, benefits, and both medical coverage and pension plans. Other employment sectors that tend to excel in these areas include government, education, and financial services.
If you are over 50 and need a job, you probably won’t restrict your search to the employers – or even the sectors - mentioned here, but if you have a choice, it might pay to go where your skills and experience will be appreciated and valued.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
National Institutes of Health – Healthcare Industry
#1 on the list was NIH recruits at an annual 50-plus job fair and sends letters to recent NIH retirees to notify them about current job openings.
It also recruits through Peace Corps Returned Volunteers, veterans’ groups, professional organizations and local college alumni associations.
NIH employees can tap into opportunities for tuition reimbursement for continuing education. The organization provides in-house classroom training, and even reimbursement of professional membership dues.
All employees receive medical coverage including prescription drug coverage, vision and dental insurance and long-term care insurance.
403(b) plans are offered with employer match and a defined benefit plan. Catch up contributions are allowed. Paid time off is available for caregiving.
Flextime, compressed work schedules, job sharing and telecommuting opportunities are all available to workers at NIH.
Forty-seven percent of NIH employees are 50 or older.
The YMCA of Greater Rochester – Not For Profit
#6 on the list was the YMCA of Greater Rochester offers pre-retirement seminars covering topics such as the importance of developing retirement goals, retirement income and health and long-term care insurance.
Senior placement agencies are a prime source of mature workers and retirees. The YMCA also partners with Lifespan, an organization dedicated to helping older adults find a job in retirement.
In-house classroom training is available, as well as online training, certification and reimbursement of professional membership dues. Tuition reimbursement is available to employees who work 20 or more hours per week.
Medical and prescription drug coverage, including vision and dental, are available to employees who work 25 hours a week or more.
Full- and part-time employees can take advantage of flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs at the Y.
All employees are eligible for a 403 (b) and all 20-plus-hours per week workers are offered a defined-benefit plan and a money-purchase defined contribution plan.
The YMCA has on-site child and grandchild care, a plus for older workers who are also responsible for young children.
Flextime, compressed work schedules, job sharing and telecommuting are offered and full-time employees are eligible to become part-time on a permanent or temporary basis.
Twenty percent of Greater Rochester YMCA employees are 50 or older.
West Virginia University - Education
#7 on the list goes to West Virginia University, the place that offers discounts to WVU athletic and cultural events, access to WVU libraries, transportation services and the WVU Recreation Center are but a few of the benefits available to WVU retirees.
WVU uses senior placement agencies to target mature workers and retirees. A unique program called the Senior Mountaineer Temps program at WVU actively recruits retired faculty and staff.
Tuition reimbursement, in-house and online training and reimbursement of professional membership dues are available to employees who work 20 hours per week or more.
Employees who work 20-plus hours per week receive medical coverage, including prescription, vision and dental insurance.
Those working 20 or more hours are also eligible for a 401(k) and 403(b) plan with employer match. Catch-up contributions are allowed. Financial education from a financial services firm is available to employees as well.
Compressed work schedules, job sharing and a formal phased retirement program are additional benefits of working at WVU. Flextime and telecommuting are offered to all employees and full-time employees can move to part-time on either a permanent or a temporary basis.
Forty-four percent of WVU employees are age 50-plus.
Department of the Interior, U.S. Fish and Wildlife Service – Government
#14 on the list is the U.S. Fish and Wildlife Service recruits seniors through its Services Retirees Association and Friends Group. Pathway students who have returned to school for additional training are also targeted.
The service offers tuition reimbursement, in-house classroom and online training, certification classes and reimbursement for professional membership dues to all employees.
Medical coverage, including prescription drugs, vision, dental and long-term care insurance is available to all employees. Also included, the services of an Employee Assistance Program (EAP), and individual and spouse life insurance.
U.S. Fish and Wildlife Service matches employee contributions to a sponsored 401(k) plan which includes a defined-benefit plan. Catch-up contributions are permitted for those 50 and older.
Flextime, compressed work schedules, job sharing and telecommuting opportunities are all available. Full-time employees can move to part-time on a permanent or temporary basis.
Thirty-nine percent of U.S. Fish and Wildlife Service employees are 50 or older.
S&T Bank – Financial Services
#16 on the list was the S&T Bank employees can earn funds for their Health Reimbursement Account (HRA) by participating in a Wellness Rewards Program.
In the area of ongoing education, tuition reimbursement, in-house classroom training, online training, certification classes and reimbursement of professional membership dues are all included.
The tuition reimbursement option is available only to employees who work 20 or more hours per week.
Medical coverage, however, is available to those working 15 or more hours per week.
Prescription drug coverage and vision insurance are also available. For those who work 30 hours per week, dental insurance and short and long-term disability coverage is available.
Both full and part-time employees are eligible for a 401(k) plan with employer match. Catch-up contributions are allowed for those 50 and older.
Full-time employees can become part-time if desired and alternative work arrangements such as flextime, compressed work scheduling, job sharing, and telecommuting are all available.
Forty-one percent of S&T Bank employees are 50 or older.