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Plus, many employees would be willing to pursue years of schooling or training in order to make a career switch.

In the past, some new hires, such as those who collect items for online orders, would have made slightly more than other new hires such as cashiers.

Under that law, “career development” is now defined as a “change to an employee’s terms of compensation, benefits, full-time or part-time status, duties, or access in order to further advancement to update the employee’s job title or compensate the employee to reflect work performed or contributions already made by the employee.”

As first reported by Financial News-London , the “Employee Time-Out” initiative is generally targeted to financial services consulting business employees who aren’t on an active assignment, although they must be graded by managers as at least “performing as expected” in order to be eligible.

Arnold: Given the evolutionary (or even revolutionary) changes organizations have experienced over the past several years, what are some of the most important tools TR professionals need in order to thrive?

“However, more significant increases at smaller companies, privately held companies and those previously paying in the lower quartile suggest action is necessary to remain competitive in order to attract and retain qualified directors,” she said.

Effectively reaching every member of a multigenerational workforce is a tall order, so she recommended using tools that are readily available.

“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.