PwC is investing $2.4 billion in flexible work and personalized benefits
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REMOTE WORK: With approximately two million workers missing from the U.S. labor force and talks of a recession bringing uncertainty to talent acquisition, it's imperative companies build the "right"?work culture?to retain their best talent. 普华永道 is investing $2.4 billion in a reimagined employee experience called My+,?centering flexibility and agency for its workforce.?Beyond flexibility, PwC is also expanding protected time off by implementing weeklong company-wide shutdowns each year in July and December. Additionally, PwC is doubling the number of free visits with a mental health professional from six to 12 annually and increasing the reimbursement rate for out-of-network mental healthcare from 70% to 90%.?
COMPENSATION: Seventeen states, including New York and California have passed legislation requiring some level of pay transparency, according to a recent study conducted by employee analytics company Perceptyx . However, some of those regulations only go as far as allowing employees to freely discuss pay with colleagues without risking their jobs.
"Unless people are asking proactively, companies will keep that information in-house, and we know that certain segments of the employee population are less likely to ask that," says?Emily Killham, director of research insights at Perceptyx, referencing women and BIPOC employees. "The domino effect of that is, certain people end up having information that other people do not have."
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MENTAL HEALTH: One of the most common misconceptions surrounding suicide is that there weren't enough warning signs. However, leaders may often dismiss warning signs or feel too uncomfortable at the thought of acknowledging any mental "red flags."
"There usually are significant warning signs, whether it's mood swings, increased absenteeism, and presenteeism, substance abuse or sudden experiences of loss," says Bert Alicea, psychologist and executive vice president of EAP and work/life services at Health Advocate , an employee assistance program resource for employers across the country. "We can deal with these setbacks in life constructively or destructively."