Is that what everyone else took away from the recent survey?
9 replies (most recent on top)
Employees have had to drive to work, pay for gas, insurance & parking - there is nothing uncommon about that. Did the Co. slash your saleries when these work expenses went away. Grow up!
None of the options accounted for 5 days in the office and all of the additional expenses associated with that such as parking. Everyone should increase their car insurance when we are required to drive daily to the crime capital of Wisconsin.
Does anyone know where the SLT salaries and benefits get published? I'm willing to bet they have had a 401k match, pension, and health insurance all this time.
NM trying to appear like an industry leader by introducing a sabbatical program. I foresee the following:
- Year 1: Roll out the shiny new sabbatical offering.
- Year 2: Slash 401(k)/pension contributions, and take away 2 PTO days. But hey, sabbatical is still on the table.
- Year 3: Hike up insurance premiums while cutting coverage (not even sure if this is possible since current insurance is terrible). Sabbatical? Still there.
- Year 4: Hint that the sabbatical might be canceled.
- Year 5: Cancel the sabbatical. All those lost benefits from years 1-4? Yeah, they’re not coming back either.
But no worries, we got a new tower! Sure, I’ll take that amazing sabbatical.
The sabbaticals are popular at Epic and are a reason why many choose to stay for 5 years despite their culture of work-life integration versus balance. Perhaps NM is looking into them because they see the results at Epic.
NM should follow the trend with benefits. there is a certain $ amount per employee, so let the employee choose how they wish to allocate those dollars whether it's 401K match, student loan repayment, additional contribution to HSA, employer contribution to 529, lower healthcare premium, additional contribution to cash balance, pet insurance, extra PTO, etc. I'm sure there's some savings to be had when you aggregate the entire employee base to the same benefits, but everyone has such different circumstances, it makes sense to allow choice.
And I'm not sure why sabbatical is such a hot benefit? Is this what all the cool companies are doing now and I'm just not hearing about it yet?
The thing about the sabbaticals - this is earned after 5 or 10 years....how many employees will actually be around to earn this benefit?
Back in the day, most employees were over 10 or 15 LOS.....based on what I heard a few years ago, most employees are now under 5 LOS. The benefit sounds great, but I wonder what the estimates are on how many will use it AND will they allow those that already have 5 years LOS to cash in on it?
Yea, expecting 3 more PTO day and health ins. that is 20% lower premium, but not accepted anywhere.
“You asked for this!”
Healthcare premiums up too