Why companies should offer pay flexibility | Would you consider offering pay flexibility -- early wage access or on-demand pay -- to your employees? | Do you expect your laid-off workers to accept or decline your offer to rehire?
Why companies should offer pay flexibility Offering pay flexibility and personal finance assistance to employees is a win-win situation for companies, writes Doug Politi, president of compliance solutions at ADP. On-demand pay, early wage access, budget management and savings tools, and fully integrated retirement planning are ways to help boost the long-term financial well-being of employees. Full Story: Harvard Business Review online (tiered subscription model) (6/1)
Workforce Reader Poll
POLL QUESTION: Would you consider offering pay flexibility -- early wage access or on-demand pay -- to your employees?
Do you expect your laid-off workers to accept or decline your offer to rehire?
They'll accept. Staff want to get back to work
24.11%
They'll accept if we can support remote work, flexible schedules and similar needs
28.58%
Some will, some won't accept
42.85%
They will decline our offer
4.46%
Recruiting & Retention
"Emotional triaging" may help struggling employees Various aspects of coping with the coronavirus pandemic can be stressful and lead to negative outcomes for employees, but some people are so good at hiding the stress that it can be hard to detect. Thomas Hellwig of INSEAD and Caroline Rook of the Henley Business School offer a technique for "emotional triaging" to help identify and assist struggling workers. Full Story: INSEAD Knowledge (6/1)
Don't hit pause on employee development Now is the time for employers to encourage their team members to participate in training and learning programs, writes Sarah Danzl, director of communications and client advocacy at Degreed. Danzl outlines benefits of these initiatives, including providing mental relief and future-proofing careers. Full Story: Training magazine (5/28)
Benefits & Compensation
Women over 55 face dual threat of job loss, earnings AARP employment and Labor Department data show that women older than 55 face higher rates of unemployment in the current economic crisis, increasing from 3.3% to 15.5% in recent months. More care-giving responsibilities and extant stereotypes about older workers are factors affecting their employment. Full Story: Forbes (6/1)
Some remote workers are taking advantage of the quarantine and indulging in alcohol during the workday -- as many as 1 in 3 US workers, according to data from Alcohol.org. HR managers can help curb this issue by educating leaders on the signs of alcohol use, establishing accountability measures for work progress and eliminating virtual happy hour events, writes Tim Stein, vice president of human capital at American Addiction Centers. Full Story: HR Daily Advisor (6/1)
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