Everybody wins
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Why earned wage access is a win-win for employees and employers.
May 01, 2024 View Online | Sign Up

HR Brew

Pave

Hey, readers! Today is International Workers’ Day, aka Labour Day for most of the world. Let’s celebrate the people who make work possible (and people work possible) by making the places we work the best they can be.

In today’s edition:

Show me the money

Don’t be a bully

Coworking

—Amanda Schiavo, Adam DeRose

RECRUITMENT & RETENTION

Is EWA the way?

A character from Money Heist jumping into a vault onto a pile of cash Money Heist/Netflix via Giphy

What do they want? Financial wellness! When do they want it? Now!

Earned wage access (EWA) could help make that happen. Allowing employees access to the money they’ve earned before payday may help them get ahead of bills and other expenses, not to mention alleviate financial stress that can negatively affect their mental health and productivity. And, in turn, it can help employers retain talent.

Indeed, 76% of employees surveyed by ADP between December 2021 and January 2022 said it is important that their employer offers EWA. And 93% of surveyed employers who offer EWA said doing so has positively impacted their retention rates.

Zoom in. Signal, an Omaha, Nebraska-based security company with 374 total employees, rolled out an EWA program through Immediate, an EWA vendor, in August of 2023 after hearing from its workforce that finances were a source of stress, Tony Mauro, its CEO, told HR Brew.

Keep reading here.—AS

   

PRESENTED BY PAVE

The compen$ation conver$ation

Pave

HR leaders understand the value (literally) of compensation management. Making the right compensation decisions for your organization = staying ahead of the market.

Pave can help business leaders pay competitively and responsibly with its leading compensation management platform. Powered by real-time data, Pave helps companies benchmark, plan, and communicate $$$.

With Pave, you’ll also get free access to compensation benchmarks (both salary and equity) from 8,000 companies around the globe. Filter by job family, capital raised, company size, geography, and more.

With new equity burn insights, Pave’s benchmarks can help you stay one step ahead in a volatile market.

Sign up for free.

RECRUITMENT & RETENTION

Bullies busted

Svetazi/Getty Images Svetazi/Getty Images

Some Gen Z employees have been experiencing bullying since returning to the office post-pandemic, according to a ResumeBuilder survey of 557 workers whose employers require them to be in the office at least once a week. Stacie Haller, ResumeBuilder’s chief career advisor, spoke with HR Brew about the findings, and what HR can do to help.

Survey says. Around one in four (38%) of Gen Z workers said they have experienced bullying within the office, the report found. Additionally, 30% described their company culture as toxic.

ResumeBuilder also found that Gen Z employees are more likely to speak up when experiencing bullying. This isn’t necessarily because they are experiencing more bullying than those from older generations, Stacie Haller, ResumeBuilder’s chief career advisor, explained. They’re just generally less inclined to sit back and take it.

Zoom out. The stakes are high for organizations to address bullying in the workplace, as a toxic work environment can result in employee turnover—especially among younger employees.

Keep reading here.—AS

   

HR STRATEGY

Coworking with Caroline O’Brien

image with headshot of woman smiling next to text HR Brew Coworking Caroline O'Brien, HR Manager, Steele Solutions Caroline O'Brien

Here’s this week’s edition of our Coworking series. Each week, we chat 1:1 with an HR Brew reader. Want to be featured in an upcoming edition? Click here to introduce yourself.

Caroline O’Brien has worked in a number of businesses and industries, such as manufacturing, hospitality and entertainment, and nonprofits. She’s worked on recruitment, compliance, operations, and engagement, and as an HR business partner. The whole gamut.

O’Brien now serves as the HR manager for Milwaukee-based Steele Solutions, which designs and manufactures warehouse platforms and mezzanine solutions. Lately, she has been prioritizing her work on employee engagement. O’Brien focuses on the entire employee life-cycle, especially on employee onboarding. She’s currently designing new checklists for managers when onboarding employees, which guides their efforts at week one, week two, one month, 90 days, and beyond.

“That’s really important for an individual to feel that…not only were they selected, but throughout their tenure here that they continue to be needed,” she said. “They’re continuing to be a valued individual and a valued employee for the company, from every position.”

Keep reading here.—AD

   

TOGETHER WITH BETTERHELP

BetterHelp

Today is Day 1. Welcome to Mental Health Awareness Month! There’s no better time to become, well, *aware* that the effects of depression and anxiety cost the global economy an estimated $1t every year, according to the NIH. Fortunately, BetterHelp’s new service makes it simple for employers to offer online therapy as a workplace benefit. Request a demo.

WORK PERKS

A desktop computer plugged into a green couch. Francis Scialabba

Today’s top HR reads.

Stat: The Employment Cost Index rose 1.2% in Q1, according to the Bureau of Labor Statistics, faster than the Federal Reserve expected. (CNN)

Quote: “If an organization is really doing its best to provide people that safe environment in which they can be heard and seen and function well and be supported, it will go a long way toward smoothing out any negative ripple effects that might otherwise develop.”—Chris Cunningham, psychology professor at the University of Tennessee at Chattanooga, on committing to employee well-being amid tensions over the Israel-Hamas War (Inc)

Read: After the pandemic revealed employees and their managers don’t need to be physically together to work, new manager hubs emerged. Here’s where America’s managers live. (the Washington Post)

This merits discussion: HR and Total Rewards leaders are expected to run merit cycles under new cash and equity constraints—so what are companies actually spending? Pave’s on-demand webinar explores these salary and equity trends + more.*

*A message from our sponsor.

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