Start saving a portion of it. If you have a 401(k) opportunity, or an individual retirement account opportunity or equivalency, take advantage of that and get into a savings pattern from the outset.
You're expecting more than 1,200 riders and 500 volunteers from Huntington to take part in Pelotonia. How can companies encourage their employees to participate in similar events and causes?
We'll have about 25 percent of the company out this weekend and thousands more who participate in the fundraising. For us, this is the one corporate event we do. It's important for a company to embrace a cause, group, organization or something around which its colleagues can participate.
What we like about this particular activity is you can't hop on a bike, at least not at my age, and ride 180 miles without a lot of training. So we have colleague training rides that gives opportunities for different people throughout the company to interact with each other. It's like training for an endurance test or marathon where you have hundreds of people who are training all from the same organization, and you get to work with different people on different days. It's just a wonderful way for me to connect with our colleagues by taking these training rides.
Why did you choose this event?
One out of two men and one out of three women will have cancer in their life. With that proclivity to be impacted by the various forms of cancer, it seemed to me to be a cause that many people can relate to. And with the unique facilities of the James Cancer Hospital at The Ohio State University, we had a special ability to make a difference. Huntington has raised over $10 million in the last five years for cancer research.
What is the best career advice you've ever received?
Turn the lights on and off. Get up early, work hard, work late and volunteer. Learn as much as you can about the organization, and demonstrate a commitment, which will provide career options and opportunities.
Editor's Note: Around the Water Cooler is an ongoing series, in which U.S. News talks with company executives to get their career advice for employees and managers.
Corrected on 09/04/2013: A previous version of this story misstated Stephen Steinour’s residence. He lives in New Albany, Ohio.
Corrected on 09/04/2013: A previous version of this story misstated the number of Huntington Pelotonia riders. It was 1,200.