Press Release

OneAmerica® Makes Major Investment in Workforce with Pathway to Sustainable Income Program

Issued by OneAmerica

Dec. 21, 2018

This announcement comes as the Brookings Metropolitan Policy Program released a report today supported by the Central Indiana Corporate Partnership titled "Advancing Opportunity in Central Indiana."  The report shows only 35 percent of Central Indiana workers (264,000) without a bachelor's degree held a good or promising job in 2017.  In contrast, 73 percent (239,000 workers) with a bachelor's degree held a good or promising job.  A "good job" is defined by Brookings as providing health insurance and $37,440, or $18 an hour, in total cash compensation.

The report explores ways in which leaders from throughout the Central Indiana region can advance economic opportunity by focusing the region's economic and workforce development efforts on Opportunity Industries, those industries that concentrate the region's good jobs and promising jobs.

"Through programs like OneAmerica Pathway to a Sustainable Income, we can rebuild middle-class opportunities and make sure every job at OneAmerica is, or can become, a good job, "said J. Scott Davison, OneAmerica chairman, president and CEO.  "We're one of the top-performing companies in our industry, and this program is the right thing to do for our lowest paid OneAmerica colleagues who have committed their working lives to the company's success."

According to the report, 144,000 of Central Indiana's workers struggle to make ends meet for their families and it will take 118,000 good and promising jobs to help close this gap. OneAmerica has identified 104 positions that didn't meet the "good job" criteria as listed within the Brookings report.    Through the Pathways program, those associates have the opportunity to move their level of pay with tenure and good performance. Combined with OneAmerica's strong benefits and excellent retirement program, this enables every associate to sustain themselves.

"This move is important to us because the people holding these positions aren't just names and numbers. We've previously concluded these positions can't be outsourced for a better or cheaper result. It makes business sense to ensure that the people holding these jobs feel valued and have a chance to advance," said Davison.

In addition to a new career framework, giving all associates a more transparent pathway to grow their careers, OneAmerica will continue focusing on improving job quality in Central Indiana through continued support of community efforts in education, services for working families and building a world-class business environment.

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.