Companies bet employee benefits will help them in ‘Great Reshuffle’

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Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas such as remote work, flexible hours, four-day workweeks, compensation and more. This story is part of a series looking at the “Great Reshuffle” and the shift in workplace culture taking place right now.

The “Great Resignation” — also known as the “Great Reshuffle” — is showing no signs of slowing down.

The mass exodus of workers, which includes almost 48 million who walked away last year, has led some employers to rethink how they retain and attract employees.

The result has been more flexibility and remote work, as well as higher compensation. Some companies have instituted four-day workweeks, while others have moved to all-remote or hybrid work schedules.

In fact, 63% of jobseekers cite work-life balance as one of the top priorities when choosing a new job, according to LinkedIn’s 2022 Global Talent Trends report. In comparison, 60% said compensation and benefits.

Here’s how some companies have stood out with policies they say are helping them in the war for talent.

Four-day workweek

Work from anywhere

‘Surprises and delights’

Paid sabbaticals

Sabbaticals aren’t a common workplace perk. Prior to the Covid pandemic, only 5% of organizations offered a paid sabbatical program, while 11% offered an unpaid one, the Society for Human Resource Management’s 2019 benefits report found.

Tech company Automattic is one of the 5%. For every five years worked, employees get a paid three-month sabbatical.

“It provides a really nice sort of reset point for people to reevaluate their role or their careers or what they want to come back doing,” said CEO Matt Mullenweg.

I stepped away completely disconnected, came back, was rejuvenated, was excited about my work again.

Lori McLeese

Automattic’s global head of human resources

It can also benefit those at work, since people take on new responsibilities to cover for the worker on sabbatical.

Lori McLeese, Automattic’s global head of human resources, took her first sabbatical in 2016 to travel to Europe. It was the best thing she could have done, she said.

“It helped reset my brain,” McLeese said. “I stepped away completely disconnected, came back, was rejuvenated, was excited about my work again.”

Contract work with benefits

Unilever’s U-Work program gives contract workers the freedom and flexibility they desire, coupled with job security and benefits.

Workers commit to working a minimum number of weeks a year, receive a small monthly retainer and get paid for assignments. Benefits include a pension, health insurance and sick pay.

It was the perfect fit for 30-year-old Harriet Talbot. She quit her full-time job in the global consumer goods company’s London office in 2021 and has since worked two contract jobs at the company, in addition to a side gig at a local bike shop. She is now between assignments, traveling by bike through Europe to Australia.

“It’s such a kind of real relief and really progressive, I think, to be able to come back and join the Unilever community when I get back,” she said.

U-Work is now being piloted in several other global locations, although it hasn’t made it to the U.S. … yet.

Fit work around life

Source: https://www.cnbc.com/2022/03/26/companies-bet-employee-benefits-will-help-them-in-the-great-reshuffle.html