Healthcare Provider Update: Healthcare Provider for Lumen Lumen Technologies offers healthcare benefits through various providers, with a significant partnership with Cigna Healthcare for their employee health plans. Cigna provides a range of coverage options including medical, dental, and vision care, tailored to meet the diverse needs of Lumen's workforce. Healthcare Cost Increases in 2026 In 2026, healthcare costs are projected to experience significant increases, largely driven by the expiration of enhanced federal premium subsidies under the Affordable Care Act (ACA). As insurers anticipate premium hikes of around 20% on average, many states are reporting increases of over 60% in some plans. This perfect storm of rising medical expenses, coupled with increased demand for services and labor shortages, could push out-of-pocket premiums for 92% of ACA enrollees up by more than 75%. Consequently, individuals may face considerable financial barriers to accessing adequate healthcare coverage moving forward. Click here to learn more
'These incentives are necessary as Lumen companies adjust their hiring to reflect recent market shifts,' says Wesley Boudreaux, of The Retirement Group, a division of Wealth Enhancement Group. Exploring those options gives those looking to advance a competitive advantage, 'she said.
- Increased relocation bonuses and flexible work are two trends that Lumen employees, especially those approaching retirement, should consider, says Patrick Ray of The Retirement Group, a division of Wealth Enhancement Group. 'This shift reflects changing career landscapes as well as long-term financial planning and lifestyle flexibility.'
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In this article we will discuss:
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1. Incentives for hiring - how they're changing recruitment strategies.
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2. Key industries and professions where demand is skyrocketing, and incentives associated with them.
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3. Locations across the United States that are offering big relocation bonuses to workers.
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Recently, the modern job market has seen major shifts, driven largely by the worldwide pandemic and the Great Resignation. As labor demands skyrocket, employers are offering incentives and relocation bonuses to lure workers in. Explore new trends in hiring incentives, industries changing dramatically, and locations offering relocation bonuses. Whether you're an aspiring remote worker, a seasoned professional looking for a change of pace or a retiree interested in new opportunities - there are plenty of 'vacancies' around the United States.
Hiring Incentives are Increasing.
In response to the Great Resignation, companies, especially Lumen, are reviewing their recruitment strategies. An example is the explosion of hiring incentives that go beyond the traditional paycheck. Such searches for hiring incentives more than doubled in the first half of the year, indeed data show. The labor shortage affects many industries, so companies offer perks and financial bonuses to lure workers in.
In-Demand Industries and Professions
Though labor shortage affects all positions, some industries and professions stand out because of their immediate demand and big incentives:
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Healthcare:
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The pandemonium has highlighted a need for health workers, and hospitals and labs are offering big signup bonuses. Registered nurses at Penn State Health in central Pennsylvania get a USD 20,000 bonus plus higher pay and more paid time off. Other positions for medical lab scientists include USD 10,000 for positions in Newark and Wilmington, Delaware, offered by ChristianaCare.
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Remote Work:
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The remote work revolution has allowed workers to pick their home base, and cities and states are offering bonuses to remote workers. Locations like St. Clair County, Michigan; Topeka, Kansas; and some in Northwest Arkansas are offering free swag and co-working office spaces to lure remote workers.
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Other In-Demand Positions:
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Beyond healthcare and remote work, fast food, electricians, delivery drivers, lifeguards, police officers and 911 dispatchers all have a labor shortage that is driving larger and more common sign-on bonuses.
Promising Locations for Relocation
Some states and smaller cities want new residents and workers. These locations offer big relocation bonuses & incentives for job seekers & remote workers:
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St. Clair County, Michigan:
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It is recruiting college graduates in STEAM-related fields and offering relocation bonuses of up to USD 15,000 to attract young professionals to its region.
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Topeka, Kansas: Topeka gives up to USD 10,000 in relocation bonuses for those moving there and additional incentives for homeowners. The program requires the employer to be outside Topeka's county.
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Northwest Arkansas:
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A council of businesses and philanthropists lures remote workers to the region from another state with a USD 10,000 cash bonus and a free bicycle or annual membership to a local art or cultural institution.
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Newton, Iowa:
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This town would like to grow and gives USD 10,000 to anyone who buys a home there for at least USD 190,000.
Duration and Requirements
Some locations require certain durations and requirements for the relocation bonuses, though they sound appealing. For example, the Shoals area of Northern Alabama gives up to USD 10,000 for a one-year stay, and West Virginia gives up to USD 2,000 if the person stays for a second year. Similarly, the USD 10,000 award-winning Tulsa Remote in Oklahoma provides free co-working spaces, apartments, and lunch lectures to help participants settle in.
This dynamic job market creates numerous new career paths for job seekers and retirees alike. With relocation bonus programs and increased hiring incentives, remote workers may want to switch careers or relocate. Highly-demanded industries like healthcare and remote work offer huge sign-on bonuses to attract top talent. Explore the tempting relocation bonuses offered by different locations to begin a new career or retirement in dynamic communities across the United States.
AARP found that remote work can provide significant health benefits for Lumen retirees and workers nearing retirement age. The 2022 study found remote workers reported lower stress, better work-life balance, and higher job satisfaction. Also, remote work allowed retirees to find part-time work and remain employed - improving cognitive abilities and social connections. And with locations like Northwest Arkansas offering bonuses that would draw remote workers, it might also improve the financial condition of the 60-year-old target audience.
Imagine this article as a treasure map to great opportunities! You are searching for the perfect place to anchor your career or retirement - like many Lumen workers nearing retirement. Map shows gems throughout the United States where remote workers can earn bonuses of up to USD 10,000. Such gleaming spots welcome you with incentives like a new beginning and a new community. So like skilled sailors navigate unfamiliar waters, you can chart a course toward healthcare, remote work, or other hot industries. Start this journey and discover all the relocation bonuses and job incentives available to the seasoned adventurer in you.
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
Sources:
1. Terrell, Kenneth. 'Remote Work Helps Older Adults With Disabilities Get Work.' AARP, 22 Oct. 2024, www.aarp.org/work/careers/remote-work-helps-adults-with-disabilities/ .
2. 'Living, Learning, and Earning Longer.' AARP International, www.aarpinternational.org . Accessed 24 Feb. 2025.
3. 'Implications of Remote Work on Employee Well-Being and Health.' Frontiers in Psychology, 2021, www.frontiersin.org/articles/10.3389/fpsyg.2021.631112/full . Accessed 24 Feb. 2025.
4. 'Improving Economic Opportunity for Older Workers.' The Brookings Institution, www.brookings.edu/events/improving-economic-opportunity-for-older-workers/ . Accessed 24 Feb. 2025.
5. 'The Business Case for Remote Work.' Global Workplace Analytics, www.globalworkplaceanalytics.com/whitepapers . Accessed 24 Feb. 2025.
What specific retirement benefits does Lumen Technologies, Inc. offer to employees who have dedicated many years of service to the company? In what ways do these benefits reflect Lumen's commitment to taking care of its employees post-retirement, and how do they align with the company's overall values regarding employee welfare and support?
Retirement Benefits: Lumen Technologies offers its employees retirement benefits that include 401(k) plans and pension options, reflecting its commitment to post-retirement welfare. These benefits are aligned with Lumen’s values of providing security and care for its employees after years of dedicated service. They are designed to ensure long-term financial stability for retirees, aligning with Lumen's mission of enhancing employee well-being(Lumen Technologies Inc_…).
As an employee of Lumen Technologies, Inc., how can you effectively plan for your retirement to maximize your benefits? What factors should you consider, and what resources does Lumen provide to help employees navigate the complexities of retirement planning to ensure a secure financial future?
Retirement Planning: As an employee of Lumen Technologies, you should consider factors like years of service, retirement plan contributions, and projected retirement age to maximize your benefits. Lumen provides resources such as retirement calculators and financial planning tools to help employees navigate these complexities and secure their financial future post-retirement(Lumen Technologies Inc_…).
How do Lumen Technologies, Inc.'s retirement plans compare with the industry standards? In which areas can Lumen improve its offerings to remain competitive and retain top talent while ensuring the financial security of its employees in their retirement years?
Comparison with Industry Standards: Lumen’s retirement plans are competitive within the industry, but improvements could be made in areas such as enhanced pension offerings or matching contributions in the 401(k) plans to attract and retain top talent. This would ensure financial security for employees in their retirement years while keeping Lumen competitive in the market(Lumen Technologies Inc_…).
Can you explain the role of the HRCC (Human Resources and Compensation Committee) at Lumen Technologies, Inc. in overseeing employee retirement plans? What measures does this committee take to ensure that retirement benefits remain aligned with the organization’s goals and employee expectations?
HRCC Role in Retirement Plans: The Human Resources and Compensation Committee (HRCC) at Lumen oversees retirement benefits to ensure they align with the company’s goals and employee expectations. The committee reviews and updates the plans regularly, ensuring they remain relevant and meet both the company’s financial objectives and the needs of its employees(Lumen Technologies Inc_…).
What changes to federal regulations or IRS limits in 2024 could potentially impact Lumen Technologies, Inc.'s retirement plans? How should employees prepare for these potential changes to ensure they are fully utilizing their benefits?
Federal Regulation Changes in 2024: Changes to IRS limits or federal regulations, such as adjustments to contribution caps or tax deductions, could impact Lumen’s retirement plans. Employees should stay informed about these changes to fully utilize their benefits, and Lumen’s HR team provides updates and resources to assist in navigating these regulatory adjustments(Lumen Technologies Inc_…).
How does Lumen Technologies, Inc. ensure that all employees are aware of their retirement options? What communication strategies does the company employ to make sure employees understand the specifics of their retirement benefits and the necessary steps for enrollment or participation?
Employee Awareness of Retirement Options: Lumen employs a variety of communication strategies, including workshops, online resources, and HR consultations, to ensure that employees are aware of their retirement options. Regular updates and easy access to information help employees understand the steps needed for enrollment or participation(Lumen Technologies Inc_…).
In the event of unforeseen circumstances, such as death or disability, how does Lumen Technologies, Inc. protect the retirement benefits of its employees and their families? What provisions are specifically designed to support employees and their loved ones during these challenging times?
Protection of Retirement Benefits: In cases of death or disability, Lumen has provisions to protect retirement benefits for employees and their families. Survivor benefits and disability accommodations are designed to provide continued financial security for employees and their loved ones during challenging times(Lumen Technologies Inc_…).
For employees nearing retirement at Lumen Technologies, Inc., what strategies should they adopt to ensure they transition smoothly out of the workforce? What resources or programs does Lumen offer to assist employees during this significant life change?
Transitioning to Retirement: Employees nearing retirement at Lumen can benefit from financial planning tools and transition programs offered by the company. These resources help ensure a smooth exit from the workforce and provide the necessary support for this significant life change(Lumen Technologies Inc_…).
How is Lumen Technologies, Inc. addressing the challenges of an aging workforce regarding retirement readiness? What initiatives or programs are in place to help older employees prepare for retirement and to facilitate knowledge transfer to younger employees?
Addressing an Aging Workforce: Lumen is addressing retirement readiness through programs that help older employees prepare for their transition into retirement. These initiatives include financial education, retirement planning resources, and mentorship programs to facilitate knowledge transfer to younger employees(Lumen Technologies Inc_…).
For employees who wish to learn more about the retirement benefits and planning processes offered by Lumen Technologies, Inc., what contact methods are available? How can employees reach out to the appropriate department for detailed inquiries and assistance regarding their retirement options?
Contact Methods for Retirement Inquiries: Employees wishing to learn more about Lumen’s retirement benefits can reach out to the HR department via phone, email, or the company’s internal benefits portal. Lumen’s HR team provides detailed assistance regarding retirement options and planning(Lumen Technologies Inc_…).