OneAmerica Financial Boosts Commitment to Workforce Welfare
OneAmerica Financial has made a significant commitment to support its workforce by increasing investments in the Pathway to a Sustainable Income program. This initiative aligns with OneAmerica's goal of nurturing the financial futures of its associates by ensuring that all full-time employees will earn a minimum of $22 per hour by 2025.
Supporting Financial Security for Associates
The company's chairman, president, and CEO, J. Scott Davison, expressed the organization's belief that every associate should have a clear path to financial certainty. This vision signifies the dedication of OneAmerica to not only its employees but also to their families, as it strives to provide financial stability for generations to come.
What Is the Pathway to a Sustainable Income Program?
Launched in 2019, this program aims to ensure that every position at OneAmerica Financial qualifies as a "good job" as defined by various economic standards. At the outset, a living wage was established to include adequate health insurance and compensation reflecting local standards of living.
The Definition of a Living Wage and Its Importance
A living wage is crucial as it represents the minimum income required for individuals and families to meet their basic needs. This income allows people to afford necessities such as housing, food, healthcare, and transportation, ultimately leading to a healthier and more productive workforce.
Benefits of Increased Wages
OneAmerica Financial is not merely increasing salaries but is also providing a solid benefits package to support its associates in achieving long-term financial security. The robust benefits include group life and disability insurance, retirement solutions through a pension plan, and a 401(k) plan.
Positive Impact on Individuals and Communities
Paying higher wages can significantly reduce financial stress for workers, leading to better health outcomes. Consequently, communities tend to flourish due to the enhanced buying power and overall economic growth generated when associates are financially secure.
Encouraging Other Employers to Participate
OneAmerica Financial hopes to inspire other companies in its region to join this essential cause by advocating for decent wages across the workforce. Currently, there are over 112 employers in Central Indiana who are recognized as Good Wages Certified, showcasing a commitment to fair compensation.
About OneAmerica Financial
As a long-established national financial services organization, OneAmerica Financial focuses on helping individuals build financial security. With almost 150 years of experience, the company supports millions across various sectors, including life insurance, retirement, employee benefits, and long-term care solutions. OneAmerica Financial places customer interests at the forefront, ensuring a sustainable future for all. For additional information, visit OneAmerica.com.
Though a registered marketing name, OneAmerica Financial highlights its dedication by being a Good Wages Certified employer, setting a standard for others to follow.
Contact Information
For media inquiries, please reach out to Danielle Eagleson, the Media and External Communications Manager.
Frequently Asked Questions
What is the Pathway to a Sustainable Income program?
This program aims to support employees by ensuring they earn a living wage and have access to strong benefits.
Who is J. Scott Davison?
J. Scott Davison is the chairman, president, and CEO of OneAmerica Financial, leading the organization toward greater employee welfare.
Why is a living wage important?
A living wage is crucial as it allows individuals and families to meet their basic needs and maintain an adequate standard of living.
How does OneAmerica Financial support its associates?
The organization provides a combination of competitive salaries, bonuses, and a comprehensive benefits program to support long-term financial security.
Is OneAmerica Financial a Good Wages Certified employer?
Yes, OneAmerica Financial is recognized as a Good Wages Certified employer, reinforcing its commitment to fair wages.
