<p>LINCOLNSHIRE, Ill. – Despite cynical speculation that work/life programs would be the first to be cut during the recession a recent survey finds that these programs actually increased this past year. Conducted by Hewitt Associates, an outsourcing/ consulting firm, most companies recognize that work/life benefits are one of the best ways to boost morale. "As the recession deepened, we found that companies conducted more complete cost-benefit analyses on all of their people programs," said Hewitt Work/Life Consultant Carol Sladek. "We have long said that work/life benefits present a great, and often low-cost, way to motivate employees, engender loyalty and enhance productivity. The fact that these programs have continued to grow through a period of deep budget cuts and belt tightening suggests that employers recognize their impact on the bottom line." Group purchasing programs and onsite personal conveniences were the two hottest growth fields, up 5% and 4% respectively from last year. Here is a list of what popular benefits employers are opting to offer: Childcare 94% Elder care 50% Alternative work arrangements 74% Adoption benefits 34% Personal/professional growth 80% Financial security 44% Onsite personal services 61% Group purchasing/discounted purchases 44%</p>
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.