To attract the best talent, prior to COVID, many employers have expanded their employee incentives and benefits offerings. You read about some of the perks Google offers, such as free food and haircuts, on-site gyms and medical facilities, and more. Some other benefits that have been the topics of recent news stories include paid parental leave and unlimited vacation policies.
PRE-COVID: While the Family Medical Leave Act guarantees 12 weeks of unpaid leave to new parents, there are no US laws guaranteeing any paid leave. But many companies in the tech sector and beyond have expanded their paid parental leave policies in recent years, including Netflix, Microsoft, Ikea, and Nike. Other companies, such as Apple and Facebook, even offer egg freezing and IVF benefits to employees.
POST-COVID: Businesses are struggling. Many times, the first thing to cut are employee benefits. Discuss and give some examples and cite at least one other 2020 business article. Here are two below – research more.
https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/planning-2021-benefits-changes-for-the-covid-19-era.aspx
https://www.cnbc.com/2020/03/13/workforce-wire-coronavirus-heres-what-every-major-company-is-doing-about-the-pandemic.html
For Discussion
COVID has created a new world order. COVID has completely changed the way we work and live. Employment is part-time, seasonal and on-call more than ever before and in many times under hazardous conditions. Full-time employees are making tough choices when working at home expires. They are uncertain about the future of their employment or whether they wish to take risks to return to work. The education and day care institutions are complete unknowns, questioning how future operations might operate profitably and safely.
During COVID and after, what benefits and incentives do you think are most valued by employees, and why ? Give your personal examples. Research examples. You can narrow it down to one topic or industry…
If employers are operating at a loss during COVID, research some innovative approaches they are taking or might take to keep the company operational?
If part-time or seasonal or on-call work, what could the employer offer that would be most helpful to employees (in addition to a pay raise)?
If you were working as an HR manager, and the company were profitable, what benefits, incentives, changes would you recommend that the company offer to retain employees, motivate employees, take care of their employees during and after COVID? Why? Research examples on the internet.
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