’Tis the season for employees to be stressed and distracted by online shopping, post-party hangovers, visiting relatives, end-of-year deadlines, money woes and sugar-induced bellyaches. Here’s what to watch out for when the holidays are just around the corner.
As you dust off the recruiting and retention plans that will keep your organization humming post-recession, you might want to take a look at your severance packages for rank-and-file employees. Here are seven things to consider when it comes to severance packages:
End the year right and get the New Year off to a good start with these simple ways to improve employee morale and wellness:
Employers are asking employees to shoulder a far greater share of the burden as health insurance premiums continue to rise, according to the Kaiser Family Foundation. After several years of relatively modest increases, annual premiums for employer-sponsored family health coverage rose to $15,073 this year, up 9% from last year.
The IRS says employer-provided cell phones are no longer a taxable fringe benefit. That means employees don’t have to pay federal income tax on any personal use of their phones—and you can quit keeping track of personal-use minutes for payroll purposes.
Hard times have forced older workers to try the intern option. Fearing that employers shun applicants with long, unexplained career gaps, ambitious but unemployed people are opting for unpaid internships. But before you get carried away by the prospect of marvelous production for virtually no cost, let’s have a reality check.
Lockheed Martin is filling 1,000 jobs a year with military veterans and has expanded its recruiting efforts. Dedicated recruiters invite vets to face-to-face interviews with hiring managers and to participate in monthly online chats about employment opportunities.
Ernst & Young plans to hire 25% more new graduates this year than last, so the professional services firm has upped its game when it comes to internships. To reach the 5,000 students it hopes to recruit this year, the New York-based organization launched a Global Student Exchange Program to offer overseas assignments to select summer interns.
At SVB Financial Group, employees pitch in with philanthropy. Examples: SVB employees raised more than $130,000 for Red Cross tsunami and earthquake relief in Japan and $48,000 for Second Harvest’s Share Your Lunch program by donating cash and their vacation days.
It’s 1999 all over again for at least some in-demand job candidates and employees: those with IT expertise. Companies looking to lure candidates are offering unusually generous inducements and perks. Who’s benefiting from the largesse? Cloud computing engineers, data security experts, mobile app developers and tech sales people.