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“Where distributions are different, further examination of decisions would be in order.”

Robert Russo of Bristol-Myers Squibb told me that BMS implemented a handful of company-wide days off during 2020 in order to combat burnout.

Action Steps In order to avoid losing key internal talent because of this transparency-driven trend, organizations need participation from all levels of the company, Sun said.

“In order to support employees with mental health conditions, robust mental health benefits are critical — beyond just a three-visit EAP model.”

Patterns and Pain Points Companies with “a strong preference” against collective bargaining contracts will often try to offer their nonunionized workers similar, though not identical, compensation packages in order to avoid union organizing or majority voting for unionization, said Lonnie Golden, a professor of labor and employment relations at Pennsylvania State University’s Abington campus.

The New Law’s Impact on Section 529 Internal Revenue Code Section 529 enables the availability of specific tax-qualified education savings plans, which Americans can start — and they, their employers and others can contribute to — in order to either prepay for tuition and certain other educational costs or let funds grow in investment accounts to be used tax-free later for qualified educational expenses.

One exception, however, is the posture for key executives, which typically is to pay above market levels in order to attract and retain superior performers.

“Pay equity can be the missing puzzle piece employers need in order to attract candidates and retain top talent,” she said.

Many expressed frustration that they’d have to find arrangements for childcare, caregivers for aging parents, or potentially move in order to be within commuting distance of the office.

In addition, Welch announced he has ordered the 17 employees who received bonuses, which ranged from $10,000 to $25,000, to return the payments.