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With historic unemployment rates and economic volatility, the COVID-19 pandemic has led millions of individuals to worry about how they were going to pay for basic necessities like food and housing. In response to this crisis, employers are taking on a bigger role in their employees’ financial wellness, finds an Ayco study of companies across Corporate America.
Historically, “employee wellness programs” have focused on benefits related to physical health. Forward-thinking employers have evolved the definition in recent years to reflect a more comprehensive approach to employee wellbeing including physical, mental, emotional and financial health. Benefits to employers who take this holistic view can include reduced employee stress, improved productivity and lower turnover.
Take a look at the findings from our latest Executive Benefits Survey of companies across Corporate America. For HR leaders and board compensation committees focused on attracting and retaining top talent, it is clear benefits and perquisites still hold an important place in a competitive executive compensation package.
Mandating a COVID-19 vaccine policy is a hotly debated topic among human resource professionals across Corporate America. Ayco’s Compensation & Benefits Policy Research team helps weigh the options for you.
After a year of unprecedented health, social and economic challenges, a new paradigm is emerging for employers and the role they play in the lives of employees, and society at large. The HR industry’s top professionals and thought leaders convened at our virtual Ayco InnerCircle® conference to discuss how employers can meet the demands of their stakeholders—through the lens of compensation, benefits, talent and culture. Explore key insights from the conference.
Updated for tax year 2022