Progressive time off and time away programs are increasingly used by employers as part of their talent strategies.
Key Findings from Lockton HR Trends Survey on Evolving Workplace Practices include... ⌛ Paid Parental Leave: More employers are now offering or enhancing paid parental leave programs, recognizing the benefits for both individuals and organizations. ⏳ PTO for Talent Acquisition: 82% of employers consider time off benefits as crucial when attracting and retaining top talent. Vacation/PTO ranks high on employees' priority lists. ⏲ Inclusion Challenges: Employers need to address caregiver support better, especially considering the aging population. For instance, many employees are unaware of health plan coverage for menopause symptoms. ⌛ Company-Wide Holiday Breaks: Companies are adopting company-wide shutdowns during holidays to give employees a "real break" ⏳ Floating Holidays: Nearly half of employers offer floating holidays to accommodate diverse employee observances and foster inclusion. ⏲ Modest Increase in Time Off Programs: 42% of employers made changes to their time off programs in the past year, with a focus on sustaining and investing in specific program areas. ⌛ Program Revision Reasons: The shift from pandemic response to strategic talent retention is driving program changes. Employers are now prioritizing competitive advantage, alignment with trends, and employee feedback. ⏳ Internal & External Factors: Employers consider a mix of internal and external factors when revising time off programs, with a balanced approach to program drivers. For the full survey results, please email me - mmsmith@lockton.com
0 Comments
Leave a Reply. |
AuthorMike Smith - trying to put my history degree to good use through research and writing . Mom would be proud but she still wanted me to study business. CategoriesArchives
March 2024
Categories |