This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Yet most programs focus only on brand new hires, overlook four important groups of people: New Parents. A parentalleave can last anywhere from a few weeks in the States, to one year in Canada, or as much as 14 months if you live in Sweden. People Returning From an Extended Stress/Medical Leave. Boomerang Employees.
Credit: Alex Yeung / Shutterstock.com London Metropolitan University has enhanced its parentalleave as part of its commitment to nurture an environment where staff can thrive both professionally and personally. The post London Metropolitan University enhances parentalleave appeared first on Employee Benefits.
Even though Austria does not have any minimum wage law, some sectors such as domestic and education, provide a minimum wage to their workers. When it comes to the number of paid holidays, Austrian workers are lucky- they get an overall of 43 days off from work, and that’s not even counting parentalleave!
These consultations often discuss issues such as credit, bankruptcy, mortgage counseling, debt consolidation, retirement planning and education on investments. Flexible Working Arrangements: Flexibility can be a game-changer for parents.
Their work ethic, experience, education, training, and skills add value to your business. Offering paid parentalleave is another excellent way to improve your EVP through enhanced benefits. As an employer or human resources manager, consider what candidates and employees bring to your business.
Looking at childcare provision in other countries , greater investment from government can bring down overall costs for employers to offer working parents more support. Some UK organisations have taken the lead from countries that offer enhanced leave such as Iceland, where equal parentalleave is considered the norm.
Additionally, companies should be transparent about how pay is determined, including factors such as experience, education, and performance. To address this issue, companies should provide family-friendly policies, such as flexible work arrangements, paid parentalleave, and on-site childcare.
Investment bank and financial services firm Citigroup has enhanced its parentalleave and introduced a new caregiver leave initiative for its employees based in the US and Puerto Rico. Meal and housing stipends, education assistance, childcare resources and transportation programmes are available but vary by region and country.
And it falls to HR to communicate to and educate employees about their benefits options to help prepare them for those unwelcome surprises. If an employee needs to take parentalleave, an informational digital postcard can start the conversation about their new needs and how to update their benefits elections outside open enrollment.
This shift in mindset has led to a surge in various types of increased paid leave, reflecting a growing awareness of the diverse needs of today’s workforce. Let’s take a look at some of the most recent trends regarding increased paid leave. Sabbatical leave Another trend gaining traction is sabbatical leave.
More employers could introduce gender inclusive paid parentalleave to prevent and try to close gender pension gaps. In order to help close the pensions participation gap, more education on schemes is needed. The Pensions (Extension of Automatic-Enrolment) (No. This should, in turn, feed through to more equal pensions.”
Work-life balance : Flexible working hours, remote work opportunities, and paid parentalleave allow employees to better balance personal and professional responsibilities. They also provide resources for financial planning and adoption assistance.
Likewise, a Department of Labor report also highlighted the growing importance of paternity leave as men consider whether to accept a job, noting: “Paid paternity leave may be a key workplace benefit for retaining high-skilled workers. In a 2014 study of highly educated professional fathers in the U.S.,
Unique benefits—such as extended parentalleave, mental health support, or student loan repayment assistance—signal to potential hires that the company values them as individuals, not just for their output. Netflix is known for its unlimited vacation policy, flexible work hours, and comprehensive parentalleave options.
Work-life balance : Flexible working hours, remote work opportunities, and paid parentalleave allow employees to better balance personal and professional responsibilities. They also provide resources for financial planning and adoption assistance.
With little federal guidance, employees must depend on their employers’ leave policy. Parentalleave policies typically give women substantially more time off than men, and for most women, their leave is unpaid. Offer employee financial wellness resources and education.
Employee education and support : Providers offer resources and tools to help employees understand and make the most of their benefits. This can include educational materials, online portals, and customer service support. Google offers extensive perks, including on-site wellness services, free meals, and generous parentalleave.
Employers who offer financial wellness benefits, such as financial education, 401(k) contributions, or student loan repayment assistance, can attract and retain top talent while improving employee financial well-being. Paid Time Off (PTO) and ParentalLeave These are also critical workplace benefits for employees.
Educational lunch and learns focused on wellbeing. Enhanced parentalleave, sick leave and bereavement leave. Personal nutrition programmes and training plans. Life insurance. Free eye test voucher. Private medical insurance for senior leadership scheme, employer paid. Birthdays off.
All employees will have access to an education programme; unlimited free appointments with a dedicated fertility advisor; and free home-testing kits for themselves and their partners. The duo’s gender-neutral approach to family benefits includes policies on adoption, surrogacy and shared parentalleave.
Professional development These may include an educational stipend, mentorship programs, and training opportunities. Take Netflix, for instance; they have enormous health and wellness programs , among them mental health resources and generous parentalleave, all combined to ensure high satisfaction and low attrition rates for their workforce.
Vantage Perks offers a wide range of deals and discounts for employees to choose from, while Advantage Club extends 'Corporate-Employee benefits' to Wellness, Dining, Education, Gyms, Entertainment, and many more spheres of life. Companies can offer sponsorship for further education or provide in-house training programs.
We want to educate, enable and engage our people, giving them the tools to manage their health and wellbeing,” she says. “We hope that this combination from central and local teams makes our support accessible and inclusive. ”
Support for working parents can help with attraction, retention, skills shortages and diversity, equity and inclusion efforts. This will be introduced in stages, with 15 hours of free childcare available from April to parents with two-year-old children and from September for those with children aged nine months and above.
Upskilling, reskilling, and professional development As industries evolve, companies invest in their employees' professional growth through training programs and educational reimbursements. Additionally, the Career Choice program pre-pays tuition for employees seeking further education, covering various high-demand occupations.
Bank of America also offers employee benefits such as 16 weeks’ paid parentalleave, a sabbatical programme, and personalised support for employees navigating critical life events through its life event services team.
While employers are not bound by law to pay wages during the period of maternity leave, collective agreements at employer-federations make it compulsory for them to pay full salary during the first three months of maternity leave. Paternity Leave. In Finland, parentalleave applies to fathers as well as mothers.
Comprehensive Benefits: Google offers extensive benefits, including health insurance, wellness programs, and generous parentalleave policies. Learning and Development: Self-Development: Employees are encouraged to pursue self-development and continuous learning, with the company supporting various educational initiatives.
In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. It is also critical that this new early-years funding doesn’t infringe on existing rights to parentalleave.
Paid ParentalLeave. As parentalleave grows in popularity, tech companies are leading the way in offering generous packages. Netflix offers one year of paid leave for both mothers and fathers; they also have the opportunity to return part time or full time during that year if they wish. Ongoing Education.
It starts with understanding your employees’ needs where they are in their lives and educating them on how you will meet their needs during open enrollment and beyond. Consider providing financial planning resources and educational materials to help employees make informed decisions. Get your copy now.
(Editor’s Note: Today’s post is brought to you by EdAssist, one of the pioneers in providing education assistance programs that drive employee growth, retention, and engagement. And don’t forget about benefits like parentalleave, child care and elder care, all of which have a defined audience. Enjoy the post!).
Craig Thomas, executive director at Cummins Engine Company, said: “Educating ourselves and others about the impact of menopause on women’s health and wellbeing is a crucial step for employers to ensure women are fully supported and empowered in the workplace.
Its survey assessed conditions in 20 countries and analysed factors that impact working parents including parentalleave, annual leave entitlement, childcare costs and access to healthcare. The three countries have high expenditure on family benefits and education, which contributed to their high ranking.
It was praised for its education and skills training, and its benefits package that includes health insurance from an employee’s first day, a 401(k) plan, up to 20 weeks of paid parentalleave and free mental health support.
Recent advancements in workplace inclusivity, focused on flexible working arrangements, parentalleave, neurodiversity, and gender equality, have set the stage for the next significant corporate challenge: improving attitudes towards women’s health in the workplace.
The report highlights that the advent of increasingly family-friendly policies , strategies to combat workplace discrimination, and increased educational opportunities, particularly in science, technology, engineering and mathematics, have helped to fuel this progress, but we’re far from equal participation.
Offering financial wellness programs, such as retirement planning, investment education, and financial counseling, can help employees manage their finances better and feel more secure, leading to higher retention rates. Paid Time Off and ParentalLeave Generous paid time off (PTO) policies and parentalleave options are highly valued perks.
Nancy Cooper, global editor in chief of Newsweek, said: “Employees at organisations with family-friendly policies such as flexible-working hours , parentalleave, childcare support and eldercare assistance are less likely to feel overwhelmed with family responsibilities.
Typically, sabbaticals are used to pursue higher education, travel, learn new skills, volunteer, and more. This temporary break from the workplace gives employees an opportunity to relieve stress and feel rejuvenated, while also enriching their lives and achieving personal growth and development. Eligibility. Guidelines.
It also offers flexible working options, maternity, adoption, surrogacy, paternity and shared parentalleave of up to 52 weeks, employer-funded private medical insurance, free eyesight testing, a bikes-for-work scheme, discounted gym membership, a health cash plan and an account preloaded with £500 to invest in health and wellbeing.
Be it financial, educational, experiential, or just outright human resource. For example, there are significant generational gaps when it comes to benefit preferences: Thirty-six percent of Baby Boomers want to pay parentalleave. Thirty-four percent of Generation Xers want to pay parentalleave.
It has additionally introduced equal parentalleave as of this year, offering all parents up to 52 weeks’ equal leave, 26 of which will be fully paid. It also makes every effort to accommodate requests for flexible-working arrangements where possible as part of its support commitment.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content