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"Our employment policies provide opportunities and incentives for our associates to stay with us. We retro housewife want them to climb the career ladder here, not somewhere else." Minnesota Life’s benefits reward longevity with a defined benefit retro housewife pension with a five-year vesting period, a 401(k) plan with an annual employer contribution based on company performance, and subsidized health insurance for retirees. Minnesota Life also has an open job posting program that encourages employees to look retro housewife for professional challenges throughout the company. Internal applicants are considered first for job openings; 80 per cent of Minnesota Life’s open jobs in 2003 were filled with existing employees. Employee turnover in 2003 was only five per cent. Though Minnesota Life’s employment practices have always been geared toward retention, the company is well-positioned to deal with the labor shortage that is expected as baby boomers start to retire.
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