There are 6 item(s) tagged with the keyword "job satisfaction".
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Stephen Schwarzman, Chairman and CEO of global private equity firm Blackstone and chair of the President’s Strategic and Policy Forum, published a letter to the editor in the Wall Street Journal on June 19. His letter was in response to an earlier WSJ editorial on paid family leave, “The Ivanka Entitlement,” which critiqued the President’s 2018 budget proposal requiring states to provide six weeks of paid family leave for new mothers and fathers, including adoptive parents.
At no other time in history have we had people across so many different age groups co-existing in the workplace: Traditionalists, Baby Boomers, Generation X, and Millennials. By 2017, Canada, France, Germany, Japan, Italy, U.K. and the U.S. will have at least 40% of employees aged 50 and older. They are predicted to retire within the next 10 years. This mass exit will lead to a shortage of senior and skilled workers. The millennial generation will not be able to fill all the open positions left by the retirees.
In today’s workplace, more generations are working side-by-side than ever before, with the largest portion of the U.S. labor force made up of millennials (34%), Generation X (34%) and baby boomers (29%).1 To best support the needs of a multigenerational workforce, employers should consider taking a refreshed look at how they develop benefits and programs, with an eye to what is most important to employees at each life stage.
Encouraging employees to take all of their allotted time-off (PTO) each year is a cost effective way to improve overall employee well-being.
According to a recent report by Project: Time Off, 55% of surveyed American workers did not use all of their vacation or PTO days in 2015. This translates to 658 million unused days.1 While the impact this has on employees and their stress level, job satisfaction and overall well-being has been widely publicized, employers are also negatively affected by PTO/vacation carryover.
Americans really are workaholics, according to a new poll of employed adults, with consequences for their own health, the health of others, and maybe the health and sustainable performance of their employers.
Leading employers are changing their focus from offering benefits and programs centered on improving employees’ physical health to deploying holistic wellbeing strategies whose purpose is to enhance all the various facets of employees’ lives. This shift is taking place as evidence mounts that physical health is only one of a number of factors contributing to outcomes valued by employers. These include improved health, greater productivity and higher performance, accompanied by decreased health care costs and a lower turnover rate.
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