New research highlights need for employee financial education and communication
In this economic climate, many employers are reviewing employee benefits and cutting back on those programs that are no longer considered impactful or cost effective. Given the volatility in equity markets, changes in accounting rules and growing cost constraints, will employee equity plans remain effective and viable in the future?
WorldatWork, a global human resources association with offices in Washington, D.C. and Scottsdale, AZ, has announced its newly elected 2010 Board of Directors.
WorldatWork just released the results of its Web poll on employers’ preparations for a possible H1N1 pandemic. With 430 participants, the Web poll shows that a large majority (68 percent) of organizations are being proactive and are treating this as a potential health emergency. Some 19 percent are treating it like any other flu, 10 percent are taking a wait-and-see approach, while three percent are not even discussing it.
U.S. Senate and House of Representatives Pass Resolutions
Washington, D.C. – Recognizing the importance of employers and employees working together to achieve more balance between work and family, Congress has declared October to be National Work and Family Month. The recognition was made official on October 14, when the U.S. Senate unanimously passed Senate Resolution 296 and the House of Representatives unanimously passed House Resolution 768.
Hong Kong – The WorldatWork Total Rewards 2009 Asia Pacific Conference took place in Hong Kong at the JW Marriott Hotel from 7-9 October. The conference, which gathered nearly 200 HR practitioners, business experts and renowned thought leaders under one roof, provided a platform to exchange knowledge, get updated on current trends, and share the latest strategies and best practices in human resources and total rewards.
WorldatWork and AWLP Lead Month-Long Campaign to Promote Work-Life Effectiveness
Washington, D.C. — Members of Congress in both houses have introduced resolutions to officially designate October as National Work and Family Month, a national awareness campaign that promotes work-life effectiveness as an integral element of the modern workplace.
Business Continuity Planning: A Guide for Total Rewards and HR Professionals
With the flu season fast approaching and news of the spread of H1N1 (swine flu) grabbing headlines, companies are being urged to prepare for a temporary loss of workers who are out sick or caring for sick family members. WorldatWork, a global human resources association, has created a free resource to help employers plan for higher than normal worker absenteeism that may result from the swine flu pandemic.
Workers Expecting Decline in Value of Rewards Programs
The cost-cutting actions that employers have been making to deal with the economic crisis have caused a sharp decline in the morale and commitment of their workers, especially top performers, according to an annual survey by Watson Wyatt, a leading global consulting firm, and WorldatWork, an international association of human resource professionals.
Research suggests employers remain strongly committed to the
employer-provided health-care system
WorldatWork has submitted comments on health-care reform to the U.S. Congress. WorldatWork comments, based on its recent research, included these key findings.
Alliance for Work-Life Progress (AWLP), an affiliate of WorldatWork, is now accepting submissions for the Work-Life Innovative Excellence Award and Work-Life Rising Star.
Established in 1996, the Work-Life Innovative Excellence Award is the highest honor bestowed by AWLP to recognize organizations that have developed outstandingwork-life programs. Progressive organizations like Accenture, KPMG and Pepsi Bottling Group and more have all been recipients of the AWLP Work-Life Innovative Excellence Award.
Washington, Tampa and Boston Top the List, According to 36th WorldatWork Salary Budget Survey
WorldatWork announces its Top 10 List of Major Metro Areas for Getting a Raise in 2009. The list is based on the results of the annual WorldatWork Salary Budget Survey, the largest survey of its kind with more than 2,600 respondents representing 16 million U.S. employees.
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A new study by WorldatWork and the Work Design Collaborative (WDC) indicates that the number of hourly workers in the U.S. using flexible scheduling benefits such as teleworking is larger than expected. The study, “Flexible Work Arrangements for Nonexempt Employees,” found that a surprisingly high number of companies are allowing nonexempt employees to telework despite traditional limitations such as work hour and safety requirements.
At least 40 percent of salary budgets frozen for officers and executives,
says WorldatWork survey of U.S. organizations
Corporate salary budget increases have dropped to historic lows, according to the WorldatWork 36th Annual Salary Budget Survey. At 2.2 percent, the 2009 increase is the smallest in the survey’s history and 1.7 percentage points below the 3.9 percent that had been projected in the previous year’s report.
WorldatWork was named a winner of the 2009 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility today, distinguishing the employer as a leading example of workplace flexibility in Arizona and across the nation.
While many U.S. companies are striving to adapt a uniform approach to severance plans, 51 percent of companies with severance policies still have a separate plan for the top executive, according to a study released this week by WorldatWork and Innovative Compensation and Benefits Concepts LLC (ICBC), an HR consulting firm.
WorldatWork has recognized several individuals and organizations for their outstanding leadership roles in the total rewards profession. The awards were given today in a ceremony held at the annual WorldatWork Total Rewards Conference and Exhibition at the Washington State Convention and Trade Center in Seattle, Wash.
WorldatWork has announced the names of three authors who will receive the “2008 WorldatWork Publications Contributor of the Year” awards. Now in its sixth year, the awards are given to authors voted “the best” by WorldatWork advisory board members for their insightful contributions to workspan® magazine and the WorldatWork Journal.
Companies shift focus to ensure reward programs are both motivational and cost effective
A new Hay Group and WorldatWork study finds that 57% of companies plan to increase their focus on employee engagement in measuring their reward programs during the next two to three years, while 64% will also increase their future focus on the motivational value of reward programs.
The WorldatWork Washington, DC Office and Conference Center has earned its International Association of Conference Centers (IACC) certificate. This prestigious designation means the WorldatWork Washington, D.C. Office and Conference Center has met the stringent criteria of the IACC – meeting high standards in seven key areas including food and beverage, technology, conference center design, business services, and others.
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