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In today’s unstable economy, employees are looking for support when it comes to budgeting for life’s unexpected costs. The disruptions due to the pandemic amplified the need for employers to focus on compensation and employee benefits.
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The pandemic has fundamentally changed the relationship between employer and employee. No one (or nearly no one) had the playbook for these new dynamics, and circumstances forced greater transparency from the employer.
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In the business world, the HR function became pivotal in helping steer their organization’s response to the pandemic and contribute to a strategy for recovery in 2021 and help strengthen resiliency against similar disruptions in the future.
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Prior to Covid-19, one of the top financial concerns in the U.S. workforce was related to paying back student loan debt – a common financial pain point for the last few decades.
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Is your equity program on the fritz? Are your stock options in the dump? Could your RSUs use a bit more pep? Are your stock appreciation rights feeling a bit more like wrongs? I have got the cure for what ails you!
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I once supervised a strong performing technical compensation analyst who was eager to work his way into a management role. This fellow was a whiz at spreadsheets, data analysis, and survey modeling. When you needed a number, you knew whom to ask.
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The pandemic has disrupted nearly every aspect of our lives, including the financial health of many businesses and their people. Research has shown that many employees were already experiencing significant financial stress even before Covid-19.
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“Change from a culture of ‘paycheck’ to a culture of ‘purpose,’” admonishes Jim Clifton, Chairman and CEO of The Gallup Organization in his introduction to Gallup’s annual State of The American Workplace Report, released prior to the pandemic.
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We are experiencing a tremendous acceleration of digital transformation. The distributed environment demands more immediate innovation, integrating technology, workforce effectiveness, communication, and engagement with well-directed coaching.
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