Hot Topics in Total Rewards

New research shows the advantages of offering well-being benefits to the multigenerational workforce.

By Wendy Edgar

The rise of the multigenerational workforce brings a variety of opportunities for organizations and employees alike, especially when it comes to benefits offerings. What’s more, amid the current COVID-19 pandemic, people are looking to their companies for tools and resources to support their lives both inside and outside of work.

In an effort to better understand benefit preferences and how offerings resonate across generations, Ernst & Young LLP (EY US) conducted a survey of 1,000 employed Americans and 1,000 undergraduate college students. While the Better You research was completed before the current crisis, one thing was clear: Dedicated emotional well-being programs are significant priorities for professionals and students alike.

In light of increased interest and demand, there is an opportunity for HR leaders to provide new offerings to employees to help them better understand and manage their health and overall well-being. In both times of economic prosperity and times of uncertainty, it’s equally important that employees are equipped with knowledge and resources to encourage them to meet their full potential.

However, the research found that nearly one-third (29 percent) of the employed workforce is not taking full advantage of their company’s benefits offerings. What’s more, 37 percent of this group admit they are not sure they even understand all of the benefits available to them.

As HR and talent professionals grapple with the pandemic and the “new normal” that follows, they would be well served to recognize the evolving needs of employees today. Here are some of the top research findings that may help guide these decisions.

1. Mental health and mindfulness matter, especially for Generation Z. When it comes to workplace benefits that matter most, employed adults prioritize a competitive salary (61 percent) and a generous healthcare benefits package (60 percent). Mental health and mindfulness in the workplace have become increasingly important to Americans of all ages, as well. In fact, belonging to a company that supports mindfulness is important to 87 percent of adults.

As mental health and mindfulness continue to take the workplace by storm, ensuring that benefits are constantly evolving to meet the needs of employees is key to recruiting and retaining top talent. Healthcare benefits packages can include mindfulness practice as well as access to therapy and mental health services.

EY’s employee assistance program, EY Assist, provides counseling and live support for individuals on topics including financial support and guidance, relationship and medical issues, and mental health and well-being. This tool has been invaluable to employees as they navigate different aspects of the COVID-19 crisis.

2. Mental health days take precedence, even over traditional vacation days and time off. While almost one-third (29 percent) of employed adults do not use all of their company’s allotted paid time off (PTO), 40 percent have taken a mental health day. More than half (56 percent) of college students have done the same.

Despite workers not using all of their PTO days—with millennials stating this is because they want to demonstrate their dedication to their careers—mental health does not fall to the wayside. With workers feeling conscious about perceptions and optics in the workplace, organizations can take a top-down approach to reassure their people that taking time off can improve performance at work, instead of impairing it.

In times of uncertainty, people are less likely to take time off over fear of losing their jobs. Leaders can encourage employees to take time for themselves to focus on their well-being and have an opportunity to recharge to prevent burnout.

3. Employed adults—even those who have recently graduated college—don’t want learning to end at the classroom. Just over half of employed adults (52 percent) feel they are taking advantage of their company’s professional development opportunities, and 57 percent of employed Gen Z workers are too. Given this, HR leaders can consider providing skills-based training/credentials programs for learning future-focused skills, on-site coaching, formal continuous education offerings, and mentorship programs.

Not only does this upskilling have a positive impact on the individual, but new learnings can benefit a company too by equipping their people to better serve their clients, advance their skills, and address new business challenges. Since the start of the COVID-19 crisis, EY has seen a nearly 40 percent increase in usage of digital learning programs.

The way businesses ran just one quarter ago is different than how they are being conducted today, and the states of people’s lives are just as variable. As employees continue to look to companies for mental health and wellbeing support, HR and talent leaders have an opportunity to evolve their benefits to meet employee needs. While a challenging exercise, now might be the best time to introduce new offerings as the industry as large evolves into a new normal.

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Source: HRO Today

https://www.hrotoday.com/news/engaged-workforce/benefits/mental-health-check-2/

May 5, 2020

The Department of Labor (DOL) and other federal regulators released updates and clarifications related to employee benefits, including updates to model COBRA notices and an extension of certain statutory deadlines intended to minimize the possibility of participants and beneficiaries losing benefits during the COVID-19 pandemic. This article highlights the DOL’s recent changes and updates relating to Consolidated Omnibus Budget Reconciliation Act (COBRA).

Updated COBRA Notices

On May 1, 2020, the DOL released the first updates to its model COBRA Notices since 2014. The models are for the (i) general or initial notice (provided to employees and covered spouses within the first 90 days of coverage under the group health plan), and (ii) the election notice (provided to qualified beneficiaries within 44 days of the qualifying event resulting in a loss of coverage). The notices inform plan participants and other qualified beneficiaries of their rights to health continuation coverage upon a qualifying event. The release of these updated model COBRA notices is an important reminder for employers to ensure that plan participants receive timely and adequate information about their COBRA rights.

More Information about Medicare:  The primary update to the DOL model notice is a new Q&A section, “Can I enroll in Medicare instead of COBRA continuation coverage after my group health plan coverage ends?”, with similar content in a companion FAQ about COBRA and Medicare options.

Risk of Noncompliance

Employers do not have to use the model notices, however the DOL considers using the model notices, appropriately completed, to be good-faith compliance with COBRA’s notice content requirements. Our firm recently discussed the rapid expansion of class action litigation against employers that issued COBRA election notices that failed to follow the DOL model notice in detail. We strongly recommend that employers use the updated DOL COBRA notice forms (or some enhanced version of such notices).

If the updated model notices are not used, the employer should ensure that their COBRA notices include the most current information from the DOL. Because of the significant exposure for COBRA noncompliance, and because employers retain liability for COBRA compliance even if a third-party vendor is hired for COBRA administration, employers should have their COBRA notices regularly reviewed.

COBRA Deadline Extensions

On April 29, 2020, the DOL and Internal Revenue Service (IRS) issued a Joint Notice extending certain time frames affecting a participant’s right to continuation of group health plan coverage under COBRA after employment ends. Normally, a qualified beneficiary has 60 days from the date of receipt of the COBRA notice to elect COBRA, another 45 days after the date of the COBRA election to make the initial required COBRA premium payments, and COBRA coverage may be terminated for failure to pay premiums timely. A premium is considered timely if paid within a 30-day grace period.

The Joint Notice extends the above deadlines (and many other participant-related deadlines such as HIPAA special enrollments, claim appeals and external review filings) by requiring plans to disregard the period from March 1, 2020, until 60 days after the announced end of the National Emergency (known as the “Outbreak Period”).

Election Period Extension:  once a participant receives his or her timely COBRA election notification, the applicable COBRA deadlines are now extended until after the Outbreak Period ends. For COBRA election purposes, this means if a qualifying beneficiary receives the election notice on or after March 1, 2020, the 60-day initial COBRA election period does not begin until the end of the Outbreak Period. The participant then has another 45 days after that to make the required COBRA premium payments (that still apply back to the date on which previous employer coverage ended). The more time provided to qualified beneficiaries to elect and pay for coverage retroactive to the date coverage is lost, the greater the opportunity to game the system.

As an example, if the National Emergency period is proclaimed to end on May 31, 2020, the “Outbreak Period” will be deemed to end on July 30, 2020.  If an employee was provided a COBRA election notice on April 1, 2020, that person’s initial COBRA election deadline will be extended from the original deadline of May 31, 2020 (the 60th day from date of receipt of COBRA election notice) to a new COBRA election deadline of September 28, 2020 (i.e., 60 days from the end of the Outbreak Period).  That individual then has 45 more days to make the first COBRA premium payment for all coverage back to the original date of coverage loss.

Premium Payment Extension:  Likewise, for individuals already on COBRA, the deadlines to make required monthly premium contributions are extended until 30 days after the end of the Outbreak Period, and the guidance makes clear that an employer or health insurance carrier cannot terminate coverage or reject any claims for nonpayment of premium during this period. Such coverage termination can only occur if the individual fails to make all the required monthly premium contributions at the end of the Outbreak Period.

For example, an individual previously elected COBRA and has been paying monthly COBRA premiums since March 1, 2020. That individual does not pay applicable monthly COBRA premiums for April, May, June, or July. Under the extension guidance, the Plan must allow the individual until 30 days after the end of the Outbreak Period (or, August 29, using the dates from the prior example) to fully pay all prior months of COBRA premiums to maintain the COBRA coverage.  Health plans and insurance carriers are burdened with holding all claims submitted during the extension period to know whether coverage will or won’t be paid as required.

Employer COBRA Notice Period Extension:  The Joint Notice potentially also allows plans, plan administrators, and employers to have extra time to provide the COBRA election notice but the guidance is unclear about how that extension period applies. Until further guidance is issued to add clarity, we recommend that employers, other plan sponsors and administrators continue to send the COBRA election notices based on existing law and rely on the extension only if necessary.

Complications will likely result under this new guidance, and thus we strongly recommend working with COBRA administrators to ensure proper compliance is maintained throughout the Outbreak Period and beyond.

Participant Options for Coverage

Lastly, the DOL updated its ongoing FAQ guidance for participants to know and understand their health insurance and other benefit rights and coverage options before, during, and after the National Emergency period ends. While this guidance is directed to participants and beneficiaries, employers may also find it instructive to ensure they are providing proper coverage alternatives.

More Information

Employers can find a consolidation of almost all the DOL’s recent COVID-19 related guidance about benefits on its website. 

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Source: JD Supra, LLC

https://www.jdsupra.com/legalnews/newmodel-cobra-notices-and-emergency-98133/

David Rice |  05/01/2020

A good performance management process is one of the more elusive aspects of employee engagement and development. Research shows that the vast majority of managers and HR leaders don’t believe in the current performance management processes their companies offer, but developing a new one is no small task.

There is a great deal to consider when developing a new performance management process. Every stakeholder has a different view of the process and something different that they need to get from it, whether it’s documentation which supports personnel decisions for managers, or accountability measures for companies. But at the end of the day, the employee remains the focal point and biggest beneficiary of a good performance management process and it should be developed with that in mind.  

“Successful products are built by meeting the needs of the customer you’re serving,” Srinivas Krishnamurti, Director of Product Performance at Culture Amp says. “Successful performance management processes are built by meeting the needs of your employees – to know how they’re doing, how they can get better, and what they need to do to have a bigger impact in the company.”

The Need to Rethink Performance Management

The shifts in performance management techniques in recent years have been driven by a number of factors, among them demographic shifts in the workforce. As Millennials became the largest segment of the workforce, employer strategies when it came to things like employee engagement, performance assessments and compensation had to change, and so they will again with the arrival of Gen Z employees.

From a business perspective, shifts are taking place around things like remote work and employee development that will ultimately help companies address the skills gap, but creating a consistent dialogue with employees and understanding what each individual brings to a team will require a more holistic approach.

“In many cases, and especially as more employees work remotely or in distributed teams, managers don’t see what their direct reports do every day,” David Ostberg, Director of People Science and Performance at Culture Amp says. “Constructive developmental feedback from peers that work with an employee on a daily basis can provide valuable insights.”

The Challenge of Performance Management

There are a fair amount of issues when it comes to performance management, be it uncomfortable assessment and compensation conversations or the organization’s overreliance on flawed ratings systems.

This is not to say that rating an employee’s performance is something to do away with. Quite the opposite, companies simply need to re-examine the content and design of the ratings system to get more accurate data into the hands of decision makers who can use it to make better personnel decisions.

“Rating scales get a bad rap, but in many cases that’s because they’ve been poorly designed,” Ostberg says. “Well designed ratings systems should harness clearly defined anchors to enhance validity and reduce bias. Work with your team to create more clarity around what each rating means and establish specific criteria for each rating so you can reliably differentiate performance on your team.”

In keeping with the idea that you’re putting the employee at the center of the process, HR teams redesigning their approach to performance management have to remember what is important to the employee and make the experience a comfortable and transparent one.

“Companies are distracted by so many challenges around performance management that they often don’t realize how important feedback is to their employees,” Ostberg says. “Capturing real data around what managers and employees are experiencing can be the difference between loosely knowing it’s a problem and clearly seeing where the problem exists – and when you see the problem, you can act on it.”

As HR teams go about redesigning and rebranding a performance management process, they’ll want to consider things like the elimination of bias, goal setting, implementation guidelines and creating a feedback schedule.

To learn more about all of these techniques, download Culture Amp’s whitepaper titled “Raising the Standard of Performance Management: How to Align Development and Compensation with Business Strategy.”

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Source: HR Exchange Network

https://www.hrexchangenetwork.com/hr-talent-management/articles/aligning-performance-management-with-business-strategy

POST WRITTEN BY

Eric Friedman

Apr 27, 2020

If you work in the human resources (HR) field, your overarching goals are to provide a safe and healthy workplace and enable your company’s mission. Right now, that means the mitigation of the novel coronavirus. As it continues to spread in the U.S., businesses must put together a comprehensive and people-first response to prevent workplace contamination and calm employee anxiety.

This pandemic is a wake-up call for employers to carefully review the policies, procedures and strategies in place to protect staff, customers and operations in this and future crises. The good news is that with thorough attention to workforce safety and legal preparedness, companies can reduce employees’ risk of infection and their own legal risks.

Here are five questions that represent the top human resource concerns as employers prepare for and respond to this emergency.

1. What should companies communicate to employees?

Talking to your workforce about coronavirus is no easy feat. Yet now is the time for resolute action, strong leadership and clear communication. Above all, for practical and legal reasons, employers need to be able to prove that they have given employees accurate information about measures to prevent the spread of infection and that they have provided individuals with the means to act on that information. Therefore, companies should provide communications to staff about modes of transmission and symptoms to be aware of by sharing specific public health guidelines and directing employees to the official sources of information on which the company will rely.

2. Should businesses update sick leave policies?

Ensure that your company’s sick leave policies are adjusted to be flexible enough to allow employees to follow any public health guidance and communicate any modifications to policies in writing to employees. Policies that give employees assurance that they can afford to take sick leave are critical to encouraging self-reporting and, ultimately, reducing potential exposure. Not wanting to miss a paycheck may motivate staff to come into work even if they are experiencing symptoms.

To reduce the risk of spread of the virus, the nation’s largest private employer, Walmart, announced on March 10 that it would offer up to two weeks’ pay for employees who become quarantined or if employees work at one of its locations that happens to fall under a mandatory quarantine. Further, if a worker is diagnosed with COVID-19, Walmart said it would provide two weeks’ pay and additional pay replacement for up to six and a half months. Apple reportedly offered unlimited sick leave to symptomatic retail employees. Although not every business can offer such things, employers should examine what they can do to help prevent the spread of disease.

3. How can companies prepare for workforce shortages?

Employers should start by determining essential tasks that must be completed from the workplace. Then, as shortages arise, reallocate human capital to ensure those tasks are completed while enabling employees who are quarantined to complete work that can be done remotely. Contracting staffing services and hiring temporary employees is another way to fill necessary on-site roles.

4. Can businesses be required to facilitate remote work?

Twitter, on March 2, “became the first major U.S. corporation to strongly encourage its employees to work from home” to prevent the spread of the virus, followed by Amazon, Facebook, Google and many more. The CDC is urging companies to implement workplace social distancing measures, including replacing in-person meetings with teleworking. Now is the time to develop work-from-home guidelines and determine the digital tools that will be available to employees to facilitate communication and productivity when working remotely.

5. Can employers ask staff to stay home or leave the workplace if they exhibit symptoms of COVID-19?

The CDC states that individuals should self-monitor or self-quarantine alone for a period of 14 days after showing symptoms of infection, a medium- or high-risk exposure to the virus or traveling from a high-risk region. Companies should also instruct employees to inform their supervisors if they have been exposed to the virus or show symptoms of infection, or if they or a member of their household are particularly vulnerable to the virus.

Failing to provide this instruction to employees can potentially expose a business to liability should staff become infected in the workplace and it is proven that management did not communicate this policy. To avoid litigation, all policies related to this pandemic should be explicit, and the relevant communications should be documented.

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Source: Forbes

https://www.forbes.com/sites/forbeshumanresourcescouncil/2020/04/27/top-hr-concerns-in-the-age-of-a-pandemic/#1b0f67703119

AUTHOR

Ryan Golden@RyanTGolden

PUBLISHED

April 28, 2020

Dive Brief:

• Most insurance carriers are making changes to the way they determine benefits eligibility to extend coverage to employees affected by the COVID-19 pandemic, according to an April 16 survey by LIMRA, an international life insurance and financial services research association.
• For example, 42% of carriers surveyed are choosing to automatically continue coverage for all employees for a specified period of time, and an additional 22% are extending eligibility on a case-by-case basis to employees whose employment status has changed. More than one-third of respondents have adjusted reinstatement rules to make it easier for those impacted by COVID-19 to regain coverage, and a similar number are extending the timeframe in which employees may elect to pay or continue coverage if separated from their employer.
• Nearly 7 in 10 U.S. employees rely on their employee benefits to cover insurance needs, LIMRA said. Nearly all carriers in the survey said they’re offering premium grace periods of 60 days on average to workers unable to pay their premiums due to COVID-19, while others said they plan to reassess or extend those timelines if needed.

Access now

Dive Insight:

Preliminary estimates indicate the pandemic could take a considerable toll on employee benefit plans, particularly for self-funded employers.

A report earlier this month from the Integrated Benefits Institute found that that cost could exceed $23 billion, provided that the U.S. endures a "high range" outcome in which more than 15 million are infected. Self-funded employers could experience healthcare plan cost increases of between 4% to 7% in 2020 as a result of COVID-19 treatment and testing alone, according to a separate analysis by Willis Towers Watson. In both reports, a higher infection rate would lead to higher overall costs.

At the same time, higher unemployment numbers mean that a considerable percentage of workers have lost their employer-provided benefits, leading to criticism of the industry from worker advocates. Employers might note, however, that an employee's employer-provided health coverage may continue in the event of a furlough, and the employee may be able to continue their coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA) if they have lost eligibility.

Employers are looking into a number of ways to reduce plan costs while maintaining access to care during the pandemic. In many cases, that means shifting in-person visits to telehealth, sources previously told HR Dive. An April 10 survey by Willis Towers Watson found that 86% of employers said they were promoting the use of telemedicine solutions, and more than two-fifths said they would waive out-of-pocket costs for employees who contract the virus.

Companies that can afford to do so might also look into helping employees who need to provide childcare due to caregiver unavailability or school closures. This may continue a trend that began even before the pandemic. Microsoft announced in recent weeks that it would offer up to 12 weeks of paid leave to all of its global employees who are impacted by extended school closures caused by COVID-19.

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Source; HR Dive

https://www.hrdive.com/news/pandemic-prompts-insurance-carriers-to-change-employee-benefits-eligibility/576928/

AUTHOR

Ryan Golden@RyanTGolden

PUBLISHED

April 20, 2020

Dive Brief:

• The majority (65%) of the 1,510 employees surveyed by HR association WorldatWork do not plan to offer incentives or bonuses such as "hazard" or "battle" pay to workers required to work on-site during the COVID-19 pandemic, according to survey results published April 9 and shared with HR Dive.
• Retail and healthcare workers are most likely to receive this type of pay, WorldatWork said. But more than half of respondents are at least planning to pay out (or have already paid out) salary increases this year, and more than one-third have provided full salary continuation to employees who remain employed but are unable to work or telework. Nearly half (47%) plan to compensate these employees via an existing leave policy or benefit.
• Most (60%) surveyed organizations are not offering additional support to those in caregiving roles. Instead, 70% are promoting employee resource programs, 68% are sharing tips for physical and emotional well-being, and 55% are encouraging social connection while maintaining physical distance.

Dive Insight:

Organizations that haven't closed due to the pandemic vary in their approaches to compensation and leave. Layoff and furloughs have resulted in record unemployment levels as U.S. companies struggle to meet payroll requirements, The New York Times reported last week.

On the other hand, some larger employers have opted to increase benefits. Microsoft confirmed to HR Dive April 14 that it would offer up to 12 weeks of paid leave to employees dealing with school closures caused by the pandemic. Similarly, Verizon previously told HR Dive that it launched a caregiver benefit. Citigroup said earlier this month that it would continue to pay summer interns whose start dates it had delayed due to the pandemic.

Employers are generally not required by the Fair Labor Standards Act (FLSA) to offer "hazard" pay, or additional pay for performing hazardous duty or work involving physical hardship, according to the U.S. Department of Labor. But the FLSA does require that such pay be included as part of a federal employee's regular rate of pay in computing overtime pay. Commentators in recent weeks argued that workers at businesses like grocery stores deserve hazard pay, Eater reports, due to the hardships caused by the pandemic, including increased consumer demand and scarcity of protective equipment.

Workers at small businesses with fewer than 500 employees are covered by the federal Families First Coronavirus Response Act, which makes them eligible for two buckets of paid leave provided the leave is requested for certain situations related to the pandemic. But the law contains numerous provisions that could allow employers with fewer than 50 employees to claim an exemption from some of its requirements, and many employers have affordability concerns despite IRS guarantees that they will be eligible for tax credits for providing the leave.

Overall, the pandemic could cost employer-sponsored healthcare plans as much as $23 billion, depending on the number of U.S. citizens infected, according to the Integrated Benefits Institute. COVID-19 treatment and testing costs alone could increase costs for self-funded employers by as much as 7%, Willis Towers Watson estimated in March.

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Source: HR Dive

https://www.hrdive.com/news/most-employers-wont-offer-hazard-pay-to-on-site-employees-working-throug/576366/

Key initiatives include a dramatic increase in remote work, ensuring access to prescription drugs and medical care

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April 10, 2020

ARLINGTON, VA, April 10, 2020 — Employers are broadening their efforts to help their workers cope with COVID-19 while at the same time preparing for an eventual return to a stable workplace, according to Willis Towers Watson’s latest survey of employers’ responses to the pandemic. Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company.

Employers reported a dramatic increase in remote work: 39% said over three-quarters of their workers could now work remotely, up from just 14% before the pandemic. Almost all employers (97%) reported promotion of physical (social) distancing as well as increased cleaning and access to disinfection for those employees who are not able to work remotely.

Wellbeing — both physical and emotional — remains a primary consideration for employers. Many employers are shaping an effective course of action by increasing employee access to virtual medical care. The survey found that 86% of employers are promoting use of telemedicine, a nurse line or virtual visits for medical concerns. Fifty-eight percent are increasing access to telebehavioral health, and an additional 14% plan to do so. For those employees who contract the virus, 41% report they will waive out-of-pocket costs for treatment.

To encourage access to prescription drugs during the pandemic, 37% are relaxing supply limitations for non-specialty drugs (i.e., allowing 90-day supplies of medicines that otherwise are dispensed 30 days at a time); another 7% plan to do so.

“Protecting the health of employees, customers and the community is a prime concern for all employers,” said Jeff Levin-Scherz, M.D., leader, North American Health Management practice, Willis Towers Watson. “Organizations recognize their employees are going through a difficult period and are taking action to help them manage through the health and economic aspects of this crisis.”

Half (55%) of employers would provide salary continuation for a median of two weeks if an employee is out of work on self-quarantine due to COVID-19 exposure. Additionally, to help workers deal with challenges when a family member is ill, more than four in five employers (84%) have policies that allow flexibility for employees to work from home if they are caring for a sick family member.

Employers often continue to require physician notes for employees for leave (56%) or for returning to work (68%) after COVID-19 illness even though the Centers for Disease Control and Prevention discourages this practice.

Eighty-eight percent of employers reported they have a business continuity plan in place, and 65% have an emergency command center. Eighty-seven percent reported they would conduct post-event plan reviews to improve future emergency preparedness. Only 39% reported they had already instituted supervisor training specific to COVID-19.

In an effort to prevent COVID-19 stigma, employers are acting to avoid bias or discrimination associated with the pandemic. Forty-seven percent of employers have organized plans to avoid stigma in the workplace associated with the COVID-19 epidemic, and 21% are planning anti-stigma campaigns.

“This is a defining leadership moment for many organizations,” says Dr. Levin-Scherz. “The employers that take strong action to put people first will be the best positioned to enhance employee wellbeing, restore stability and achieve future business success.”

About the survey

A total of 654 employers participated in the COVID-19 Employer Readiness Survey, which was conducted during the week of March 30, 2020. Respondents employ nearly 7.8 million workers.

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Source: Willis Towers Watson

https://www.willistowerswatson.com/en-US/News/2020/04/employers-broadening-efforts-to-protect-workers-health-and-wellbeing-amid-covid-19-wtw-survey-finds

BY ARIANNE COHEN | 04-10-20

After a month of watching employees juggle 30 hours a day worth of work, childcare, homeschooling, and housework, Microsoft said that it will extend three months’ paid parental leave to all full-time employees. The policy follows the announcement earlier this week that Washington State schools will be closed for the rest of the school year (the state superintendent mused that school closures may continue into fall).

Full-time employees of Microsoft can now choose how and when to take the leave, whether in long chunks or a few days each week. Business Insider first reported the policy in a leaked memo, which was also confirmed by CNN.

Many tech companies have long offered friendly maternity and paternity leave policies, some 16 weeks or more, though male employees tend to underutilize them—which in practice further disadvantages women. (The public explanation for this is that men fear stigma and career harm. Women in tech mutter the more obvious explanation, that work life is much more pleasant than home life with small children.) Similar parent-leave dynamics are commonplace in academia, where fathers often use paternity leave to work on research papers.

Perhaps the all-hands-needed urgency of the pandemic will nudge these policies into more equitable use, and other companies will follow suit.

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Source: Fast Company

https://www.fastcompany.com/90489239/microsoft-is-giving-parents-12-weeks-paid-parental-leave

BY WORLDATWORK STAFF

WORKSPAN DAILY | APRIL 6, 2020

The COVID-19 pandemic has brought a grim reality for the economy and the workforce at large. However, in the face of these tumultuous times, many employers are committed to protecting the jobs of their employees. They’re demonstrating leadership and stepping up with bold people-over-profit decisions to keep the world at work.

The following compilation shines a light on what organizations of all sizes in all industries are doing right now to maintain and maximize productive, committed and inspired workforces.

#KeepTheWorldatWork

Morgan Stanley CEO Promises No Layoffs This Year
Morgan Stanley CEO James Gorman said in an internal memo that there will not be a reduction in force at the company in 2020. Gorman said the decision was made with 100% support of the company’s operating committee.

Citigroup CEO Assures Job Security
Banking giant Citigroup’s CEO Mike Corbat informed his more than 200,000 workers that the company will temporarily suspend any layoffs amid the COVID-19 crisis.

Bank of America CEO Committed to No Layoffs
In an interview on CNBC with Jim Cramer, Bank of America CEO Brian Moynihan said the bank is committed to no layoffs in 2020. The company hired 2,000 people in March and raised the minimum wage to $20 an hour in the first quarter of 2020. 

Goldman Sachs and Others Vow ‘No Layoffs’
Goldman Sachs, Wells Fargo, Deutsche Bank and HSBC CEOs have all vowed that they will be postponing decisions about staff cuts as the coronavirus outbreak hits their businesses hard.

Visa CEO said No Job Swiping in 2020
Visa chairman and CEO Alfred F. Kelly Jr. informed his 20,000 employees that there won’t be any layoffs in 2020 related to the COVID-19 crisis.

FedEx CEO Doesn’t Foresee COVID-19 Layoffs
FedEx chairman and CEO Frederick W. Smith said during an interview on “Face The Nation” that his company is not projecting any layoffs as a result of the coronavirus pandemic.

Gravity Employees Take Voluntary Pay Cuts to Keep Business Afloat
Gravity Payments CEO Dan Price made headlines five years ago when he released his plan to raise the minimum wage at his company to $70,000 per year. Now, as his business is taking a hit during the pandemic, his employees have decided to sacrifice to stem its losses. Price, determined not to lay off any of his employees, approached them for ideas. The employees volunteered to take pay cuts, each one choosing how much they could sacrifice individually, with a dozen opting to take no pay at all.

Walkers Shortbread Staff to Receive Full Pay During Closure
Baking organization Walkers Shortbread Limited has closed all production operations with immediate effect but will still continue to pay its staff in full throughout the duration of the closure. All employees will receive 100% of their pay with staff working from home if they are in a position to do so.

Easyjet to Pay Staff 80% of Wages After Suspending all Flights
British airline Easyjet will pay all of its employees, who are unable to work from home, 80% of their average pay through the government’s job retention scheme. The agreement between the two parties means that for a period of two months, employees who are unable to work from home will be paid 80% of their monthly salary.

Cuban Reimbursing Employees Who Patronize Small Businesses
Mark Cuban Companies announced that they will reimburse any of their employees (including those who work for the Dallas Mavericks) for all lunch and coffee purchases from local, independent small businesses.

Texas Roadhouse CEO Foregoing Salary and Bonus
W. Kent Taylor, CEO of restaurant chain Texas Roadhouse, is foregoing his salary and bonus from March 18 through Jan. 7, 2021 and the money will be used to pay front-line workers, MarketWatch reports. The chain said it is also suspending its dividend as it moves to conserve cash during the coronavirus pandemic.

Hotel Giant CEO Foregoing Salary
Marriott CEO Arne Sorenson announced that he will not be taking a salary for the remainder of 2020 to help stem the financial cost of the coronavirus pandemic, reports Yahoo Finance. Sorenson added that Marriott’s executive team will also be taking a 50% pay cut for the rest of 2020.

Airline Executives Attempting to Soften the Blow
Delta, Alaska Air, United, Southwest, JetBlue, Allegiant, Spirit, IndiGo’s and British Airways CEOs have all announced they’re taking some variation of a pay cut to assist workers amid the devastating losses from the COVID-19 pandemic, according to Yahoo Finance. Among the most drastic:

• Delta CEO Ed Bastian and the board of directors will forego their compensation over the next six months
• Alaska Air CEO Brad Tilden is cutting his base salary to zero.
• United CEO Oscar Munoz and President Scott Kirby will forego their base salary through June
• Allegiant CEO Maurice Gallagher and President John Redmond are taking a full pay cut. 

GE CEO Giving up Salary
General Electric Chairman and CEO H. Lawrence Culp Jr. will give up his full salary for the remainder of 2020 and the vice chairman of GE and president and CEO of GE Aviation, David Joyce, will up half of his salary starting April 1.

Talent Agency Doing Its Part
Beverly Hills-based United Talent Agency CEO Jeremy Zimmer and co-presidents Jay Sures and David Kramer will give up their salaries for the rest of 2020, reports the Los Angeles Times.

Marc Benioff Issues ‘No Layoff” Challenge to CEOs
Salesforce CEO Marc Benioff is calling on CEOs to take a 90-day “no layoff pledge” as part of an eight-point plan to end the coronavirus crisis. 

CVS Is Hiring
CVS Health plans to immediately fill 50,000 full-time, part-time and temporary positions across the country, the company announced. The job opportunities include store associates, distribution center employees, customer service professionals and home delivery drivers. Much of the hiring will be done virtually, the company said.

Some Companies Are On a Hiring Spree 
At a time when millions of Americans are losing jobs at restaurants, hotels and airlines because of COVID-19, a few large companies are in the midst of a hiring spree, writes NPR. These companies include supermarkets such as Kroger and Albertsons, pharmacies like CVS and Walgreens and convenience stores likes Dollar General and 7-Eleven. 

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Source: WorldatWork

https://www.worldatwork.org/workspan/articles/keeptheworldatwork-shining-the-light-on-employers-protecting-jobs

PUBLISHED TUE, MAR 24 20209:31 AM EDTUPDATED TUE, MAR 24 202011:39 AM EDT

Michelle Fox

When it comes to finances, it is women who will take the biggest hit from the coronavirus pandemic, according to a new report by PayScale.

With many schools closed, women are the ones who tend to take time away from work to care for their children, as well as elderly parents or family members who are at risk or confined.

When they seek to return to work, they’ll receive an offer that is 7% less than a candidate who is currently employed when applying for the same position, PayScale’s 2020 State of the Gender Pay Gap report said.

“The coronavirus pandemic has really exposed these cultural faults with our economic system,” said Sudarshan Sampath, PayScale’s director of research.

For those women returning to the workforce, “there is a strong likelihood they will not get rehired or they’ll come back on reduced terms,” he said.

Even if women aren’t taking time away to help out their family, they may have lost their job due to business shutdowns caused by COVID-19.

“Women are over-represented in the low-paid service economy jobs that are really getting slammed right now with layoffs,” said Emily Martin, vice president of education and workplace justice at the National Women’s Law Center.

They are less able to weather that job loss without real harm because they are typically paid less than men in the same occupation.

“That means hundreds of thousands of dollars lost in the wage gap that is not available as a nest egg to families in this time of crisis,” Martin pointed out.

Taking time away from work has long been a contributing factor to the gender wage gap. Women are now earning 81 cents for every $1 earned by a man, according to PayScale. That is the ratio of median earnings of all women to all men.

When looking at the controlled pay gap — the disparity in pay for men and women doing the same work — women earned 98 cents to the men’s dollar. That equates to women earning $80,000 less for doing the same work as men over a 40-year career, according to the report.

Yet for some of those female workers most at risk during this pandemic, the wage gap is larger than 98 cents to a dollar. Female elementary school teachers make 92 cents to men’s $1 and women doctors make 94 cents. Female registered nurses make 98 cents.

“We are seeing the critical role of the women working in these occupations in this moment of crisis,” Martin said.

“It really should be a call to action to ensure that they are paid decently and fairly and equitably.”

Despite the disparity in pay, the wage gap has been slowly narrowing.

Last year women earned 79 cents to every man’s dollar, compared to 81 cents for 2020, according to PayScale. In 2018 it was 78 cents.

Payscale’s Sampath hopes that the current situation doesn’t set women back.

“If we don’t take a proactive stance as to how women are going to fare differently than men, we may reverse this trend,” Sampath said.

“We could be back to where we started.”

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Source: CNBC

https://www.cnbc.com/2020/03/23/women-may-take-an-extra-financial-hit-from-the-coronavirus-pandemic.html