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Best companies for older workers

‘Modern Maturity’ rates the top companies across the country

Oct. 2 — Retirement packages, a pleasant corporate culture and other benefits can make all the difference to employees — and are especially important to workers over the age of 50. The American Association of Retired Persons’ “Modern Maturity” magazine has rated 37 companies for their friendliness to older workers and chosen to top 15. Check out their selections below and why “Modern Maturity” thinks they are so special.

AARP STAFF prepared an application that covered six key categories: recruiting, corporate culture, wages/salaries, continued opportunity, benefits and retirement. They analyzed the applications and chose finalists from among 37 employer entries. The finalists were reviewed by four outside experts and the judges’ comments figured heavily in the final list.

BAPTIST HEALTH SOUTH FLORIDA
      Coral Gables, FL
      Health Care
      8,571 employees; 22 percent over 50; 35 percent of managers/executives
      Wow Factor: Age-friendly culture, flexibility

ABN AMRO NORTH AMERICA, INC.
      Chicago, IL
      Banking
      17,685 employees; 18 percent over 50; 19 percent of managers/executives
      Wow Factor: Phased retirement, diversity program.

ADECCO EMPLOYMENT SERVICES
      Melville, NY
      Career Counseling and Placement
      3,347 employees; 13 percent over 50; 14 percent of managers/executives
      Wow Factor: Temporary jobs as a bridge to retirement, retiree health insurance.

THE AEROSPACE CORPORATION
      El Segundo, CA
      Aerospace Research and Development
      4,289 employees; 49 percent over 50; 52 percent of managers/executives
      Wow Factor: Phased retirement, medical benefits for retirees.

CALIBRE
      Alexandria, VA
      Consulting
      356 employees; 28 percent over 50; 56 percent of managers/executives
      Wow Factor: Benefits for 20 hours per week, percentage of premium paid by company for family health insurance increases with years of employment.

DAVITA, INC.
      Torrance, CA
      Dialysis Services Provider
      12,493 employees; 15 percent over 50; 26 percent of managers/executives
      Wow Factor: Flexible work options, tuition reimbursement.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.
      Hartford, CT
      Investment and Insurance
      29,630 employees; 24 percent over 50; 25 percent of managers/executives
Wow Factor: Mentoring program, choice of eight flexible work arrangements including phased retirement.

HOWARD UNIVERSITY
      Washington, DC
      Higher Education
      6,053 employees; 43 percent over 50; 52 percent of managers/executives
      Wow Factor: Mandatory age-related training for managers, pre-retirement planning.

MITRETEK SYSTEMS, INC.
      Falls Church, VA
      Systems Engineering
      640 employees; 41 percent over 50; 53 percent of managers/executives
      Wow Factor: Immediate 100 percent vesting on all company matches, career counseling.

NEW YORK LIFE INSURANCE COMPANY
      New York, NY
      Insurance
      7,337 employees; 26 percent over 50; 26 percent of managers/executives
      Wow Factor: Consultants advise employees coping with family responsibilities, child-care center open to grandchildren.

PRINCIPAL FINANCIAL GROUP
      Des Moines, IA
      Insurance and Financial Services
      14,689 employees; 14 percent over 50; 16 percent of managers/executives
      Wow Factor: Education benefits, ergonomic workspaces, on-site eldercare classes.

PRUDENTIAL FINANCIAL
      Newark, NJ
      Financial Services
      30,440 employees; 21 percent over 50; 18 percent of managers/executives
      Wow Factor: Retiree prescription drug coverage, flexible benefits package.

QUALCOMM, INC.
      San Diego, CA
      Telecommunications

5,936 employees; 10 percent over 50; 12 percent of managers/executives
      Wow Factor: Phased retirement with 10 years service, extra vacation available (for special cases) from donated paid “vacation bank.”

THE STANLEY GROUP
      Muscatine, IA
      Engineering and Construction Consultants
      650 employees; 25 percent over 50; 45 percent of managers/executives
      Wow Factor: Accrued sick time for dependent care, highly flexible work arrangements to allow for education and extra time off.

ULTRATECH STEPPER
      San Jose, CA
      Semiconductor Equipment
      322 employees; 20 percent over 50; 30 percent of managers/ executives
      Wow Factor: Age-friendly culture, phased retirement, home-computer purchase program.