Will Employers Scale Back Perks Like Extra Time Off As The Economy Sours?

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Many companies felt pressure to add mental health days and company shutdowns after other employers did the same–and were careful to position them as a response to Covid or stressful world events. But they were never intended to be permanent, say human resources experts.

. In response to the question, the employee said Zuckerberg “paused and mulled aloud about how to answer the question appropriately,” theDearborn says she’s hearing chatter among H.R. peers about how employers can ramp up productivity—which many see as harder to monitor as people work four-day weeks from their homes—as economic fears rise, whether through tightening extra time off or adding more tech to observe workers.

Most employers did not formally add such days to their PTO banks or benefit policies, Kropp says, in part because officially increasing the number of days off would add to employers’ financial liabilities, requiring them to carry over more unused days on their books or, in some cases, pay them out if employees leave their job before using them all.

“Once you’ve enjoyed these mental health days, these bonus days, these shutdowns, it’s going to feel like a takeaway regardless of how the employer positioned it. From the employee’s point of view, I had it—and now I don’t.”

 

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How will these benefit changes impact employee work effort? Will quality suffer as a result? If yes, don't make the changes! The quality/promise is extremely important to brand sentiment.

This will be interesting to see. We work in 9/80 companies and I’d do a lot moving forward to keep that schedule, as it’s a life changer all the way around. Even in a down economy there are usually options, even if they take a little longer to get.

'We know everything sucks, just work more.'

They will if they have to

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