City employees considering calling it quits are getting some extra incentives to make their decision sooner rather than later.
Bloomington is offering qualifying full-time employees a cash bonus and subsidized health insurance — the amount of money and length of health insurance subsidy depending on several factors — to employees who choose to “separate” or retire from their posts. It’s a move intended to help reduce the city’s overall workforce as the city stares down expenses that are rapidly outpacing its revenues.
Compensation and benefits are the largest part of the city’s budget, and one of the most effective ways to reduce those expenses is to reduce the workforce, said Daniel Grundmann, human resources director. The program “is designed to incent people who are considering leaving the organization, either through retirement or for other reasons, to expedite their decision,” he said.