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Advantage for tough times: Creating a company that cares

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in Compensation and Benefits,Employee Benefits Program,HR Management,Human Resources

by Cynthia Cobb

Organizations that are perceived as caring companies typically look out for their employees and the communities where they do business.

During hard times, then, companies that care tend to do whatever they can to keep their employees on their payrolls. Simply put, they respect the fact that employees need their jobs.

According to the nonprofit Center for Companies That Care, compensation and benefits practices are among the most powerful tools for enhancing employee well-being. During a recession, a company that cares has to become a company that’s creative about preserving jobs and helping its employees stretch their dollars.

Bon Secours Health System in Virginia, for example, increased its minimum wage to $9 per hour—72% above the state minimum—in the midst of the economic downtown.

Helping employees & employers

Several of the 41 members of the Center for Companies That Care Honor Roll focus on keepi...(register to read more)

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