benefits
9 news about benefits
Can companies deliver benefits for an age-diverse workforce?
Employees are individuals first, with different values and expectations in terms of professional career and private life. The days of offering a company car or a performance bonus are long gone for many reasons. Even if you could afford to, not all employees would want the car (“I would be happy with an eco-electric bike please”); while health and wellbeing options could in fact boost motivation and performance, almost as much as a bonus.One of the most daunting challenges employers…
Posted by: ADP 01 Aug 2016 | 0 Comments
What Has Happened to Traditional Cost-of-Living Adjustment?
This might not be shocking news, given the up-and-down state of many nations' economies, but the traditional cost-of-living adjustment (COLA) (1) for base pay has just about disappeared. A recent study by WorldatWork (2), a global human resources association that focuses on compensation, benefits, work-life balance and other rewards, determined that only 11 percent of U. S. employers even offer a cost-of-living adjustment for stateside employees.So why don't more employers offer what used to be considered an annual entitlement?By the NumbersThe WorldatWork Study,…
Posted by: ADP 07 Jul 2016 | 0 Comments
Wellness Programs Are Out, Well-being Initiatives Are In
With increasing frequency, U. S. employers are turning wellness programs — which traditionally focused on health and fitness — into employee well-being initiatives. Also called health and productivity programs, these well-being initiatives modify existing programs in order to include services, incentives, activities and other initiatives designed to boost employees' overall well-being.According to Sandy Asch, a principal at Alliance for Organisational Excellence, the driving force behind improved programming is a new concept of well-being itself. Rather than focusing on physical well-being alone,…
Posted by: ADP 07 Jul 2016 | 0 Comments
Are You Ready for Unlimited Time-off?
Unlimited time-off policies are having a moment, and it's really no surprise. The idea of giving employees as much time as they want is fascinating, yet, policies for unlimited time-off remain few and far between. In fact, less than one percent of employers, according to the Society of Human Resource Management (1) (SHRM), take this type of approach.Why Unlimited Time Off?Some organisations, like Netflix (2), choose to go the unlimited route because they believe the flexible vacation policy builds an ownership mentality. There,…
Posted by: ADP 06 Jun 2016 | 0 Comments