Many employees worried about using child care benefits | 4-day work weeks, recognition boost productivity | Hilton HR chief: Pandemic to result in "employee duress"
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With the economy in an uncertain state, 42% of employees say they are worried about the impact that using child care benefits would have on their employment, according to a report from Catalyst. However, many companies are stepping up to provide benefits, and employees can take certain steps to mitigate their concerns.
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Flexible working schedules have become more important during the pandemic to attract and keep staff, and companies such as Elephant Ventures have even seen productivity rise with the introduction of four-day weeks. Employee recognition is also vital for a productive, engaged workforce, giving employers an incentive to introduce online channels that facilitate real-time rewards and peer-to-peer recognition.
A Bank of America survey found 62% of employers feel extremely responsible for workers' financial wellness, up from 13% in 2013. Survey data showed 80% of employers feel extremely responsible for helping employees prepare for health care costs and needs during retirement, and 78% feel responsible for helping workers with retirement income.
It is tempting to stay in your comfort zone when faced with challenging times. But there are good reasons to break free of this habit, starting with the fact that doing so can develop inner strength.
