Securian Holds Its Place on AARP Best Employers List With Good Benefits, Flexible Policies

ST. PAUL, Minn., Sept. 9 /PRNewswire/ -- A traditional pension plan, health insurance benefits for retirees, and job protection for caregivers are among the strategies Securian Financial Group uses to retain its good employees. Benefits like these and worker-friendly employment policies have earned Securian its fifth appearance on the AARP list of "Best Employers for Workers Over 50." This year, Securian -- the only Minnesota company on the list -- ranks twelfth.

"We want to keep our good people as long as we can," said Mary Streed, director, Talent Management. "In an industry like ours, where products are intangible, it's especially important that customers have a good experience when they interact with anyone from Securian. That's why we want our good people to stay, regardless of age."

Securian's employment policies make it easier for employees to balance their personal and professional lives. The company provides up to six months of job protection for those who are ill or caring for a family member who is ill. This far exceeds the Family Medical Leave Act requirement of 12 weeks. Securian also offers job sharing, telecommuting, and flexible scheduling to make it easier for employees to adjust their schedules. These policies are helpful to people of all ages, from young parents with small children to older employees caring for a frail spouse or parent.

While the fundamental benefits package is designed to provide flexibility to all employees, Securian adds a layer of training, luncheon seminars, and other opportunities that are useful to specific age groups. In its description of Securian's "winning strategies," AARP notes the North Star 25 club, a social group open to all retirees and employees who have worked at Securian for 25 years or more. Also, when employees turn 50 they can attend a company-sponsored, multi-session retirement income planning course.

Securian uses a promote-from-within hiring strategy that also encourages long tenure at the company.

In 2008, more than 75 percent of vacancies were filled with internal candidates.
More than half of employees have been with the company ten years or longer.
One-fourth of Securian employees are 50 years or older, with an average tenure of 17 years.
20 Securian employees are 65 or older, with an average tenure of 20.7 years.
Nearly 300 employees have worked at Securian for 30 years or longer.

Securian Financial Group helps provide financial security for individuals and businesses in the form of insurance, retirement products and services, and investments. Affiliates include Minnesota Life Insurance Co., Advantus Capital Management, and Allied Solutions, LLC. Securian has more than $680 billion of life insurance in force, $27 billion in assets under management as of July 31, 2009 and a nationwide work force of 3,600 employees. Securian serves more than 9,000,000 individuals in the U.S.

SOURCE Securian Financial Group, Inc.

SOURCE: Securian Financial Group, Inc.

Web site: http://www.securian.com/

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