The cost cutting and headcount reductions might not be over yet, but as the economy begins its slow recovery, HR pros are reporting fewer layoffs, a renewed focus on retention—and even a talk of pay raises!
Still, the flush workplace of 2006 isn’t likely to rush back into vogue. In fact, the precarious economy of the past few years might have made a lasting impression on American businesses, which could hang onto the lean lessons they learned as they got by with less.
Here are 12 lingering adjustments—all with comp and benefits implications—that could outlast the recession:
1. Help for hardships. Hard times make it harder for employees to concentrate on work. Expect them to look to your organization for access to financial advice and education as they try to climb out of the credit card debt they accrued when money was tighter. Affordable legal services can help employees deal with home foreclosures and bankruptci...(register to read more)
- March Madness: Can a morale boost offset the productivity hit?
- Are cellphone allowances taxable?
- Key to maintaining contractor status: Don't exert too much control over the work
- Growing threat: Courts uphold broad interpretation of retaliation
- When workers' comp and disability collide: 100% disabled worker may deserve accommodation