by Stefania Revelli
WHAT’S HAPPENING
- In lieu of traditional raises, bonuses and other employee benefits, tough times are calling for innovative ways to show employee recognition.
- Community and volunteer service time as part of salaried pay time is a fast-growing, feel-good attraction for job-seeking Millennials. PNC’s volunteerism program now includes partnerships with roughly 200 nonprofits nationwide (Vault.com 4.09).
- In Illinois, 70 employers are offering their staff help with down payments on new homes or credit counseling (CSMonitor.com 7.11.08).
- Japan-based Hime & Company gives its female employees under 24-years-old up to three days of “heartache leave” so they can take time to heal from a broken heart (Reuters.com 1.28.08).
WHAT THIS MEANS TO BUSINESS
- As employees and employers both reset expectations in terms of monetary (or traditional) compensation, new opportunities to call out value, appreciation and job fulfillment are gaining attention.
- Paying the bills come first, of course. But for many people, it’s not only about money. It’s about feeling like an important part of the team.
RESOURCES
- Hime & Company (Japanese site)
