{"id":28959,"date":"2017-09-13T10:11:11","date_gmt":"2017-09-13T14:11:11","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=28959"},"modified":"2017-09-13T10:11:11","modified_gmt":"2017-09-13T14:11:11","slug":"non-traditional-types-employee-benefits-used-often-employers","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2017\/09\/non-traditional-types-employee-benefits-used-often-employers\/","title":{"rendered":"Non-Traditional Types Of Employee Benefits Are Being Used More Often By Employers"},"content":{"rendered":"
\"\"
Gail Hamel is the owner of Hamel Resources LLC in Lake George.
Courtesy Hamel Resources LLC<\/figcaption><\/figure>\n

By Susan E. Campbell<\/p>\n

When companies cut back on traditional employee benefits, such as the 15-year trend in vanishing pension plans, decisions may not be based exclusively on economics. <\/span><\/p>\n

Many of the non-traditional types of benefits now appearing in the workplace are in response to changes in the age, lifestyles and preferences of today\u2019s employees. <\/span><\/p>\n

There are not enough Generation X-ers to take the place of baby boomers as they retire and leave the work force. Boomer children will. About 60 percent of the workforce in 2020 is expected to be made up of millennials, or Generation Y, those born in the two decades before 2000. <\/span><\/p>\n

Now in their 20s to late 30s, millennials have different priorities from their parents or even the generation that preceded theirs, said Gail Hamel, owner of Hamel Resources LLC in Lake George. <\/span><\/p>\n

\u201cIn general, younger people today aren\u2019t thinking about retirement,\u201d said Hamel. \u201cThey live in the moment because of the world in which they were raised.\u201d<\/span><\/p>\n

Another major traditional benefit, health coverage, continues to experience cutbacks in the employer-paid portion compared to the percentage covered for baby boomers. <\/span><\/p>\n

\u201cBut no one knows where health care will be even months from now,\u201d said Hamel. \u201cGen Y is more concerned with just getting a career started.\u201d<\/span><\/p>\n

That is a tough task when you have tens or hundreds of thousands of dollars in student loans. So more and more employees are looking for the kinds of benefits \u201cthat attract and motivate employees while they\u2019re there, so as to retain them.\u201d<\/span><\/p>\n

\u201cSome of these young people watched their parents work their heads off, only to be let go with three years left until retirement because the company moved to Mexico,\u201d she said. \u201cThe old ways of attracting and rewarding people don\u2019t work anymore.\u201d<\/span><\/p>\n

That calls for a different way of managing people, and Hamel Resources was formed 11 years ago to help employers identify and implement areas of change. <\/span><\/p>\n

Hamel is an independent consultant offering HR support, personalized coaching and training, and leadership development to companies across industries and of all sizes. And because there are both federal and state HR laws to conform to, Hamel helps clients achieve greater compliance as new programs and policies evolve.<\/span><\/p>\n

\u201cWhat is the benefit of working for your company other than a paycheck?\u201d she asks. \u201cUnderstanding what motivates workers today is key to recruitment and retention.\u201d<\/span><\/p>\n

A key motivator is flexibility. While not a new trend, flexible time off is a benefit gaining momentum. Hamel has helped many companies transition from a traditional model to one where there is no designation between personal, vacation and sick days.<\/span><\/p>\n

Another trend is toward ergonomics and wellness in general. <\/span><\/p>\n

\u201cOne can\u2019t sit at a computer all day long without some health issue arising,\u201d she said. \u201cMany Gen Y employees are asking their companies for standing desks that move up and down, like two work stations in one.\u201d<\/span><\/p>\n

\u201cAs younger employees look to have more flexibility they find that they are in the position to make these changes,\u201d Hamel said. <\/span><\/p>\n

\u201cThey also are attracted to employers that help with their tuition assistance,\u201d she said. \u201cThe younger generation will at least apply for jobs that offer this particular benefit.\u201d<\/span><\/p>\n

Hamel also said greener offices are more productive offices because people are healthier and less stressed.<\/span><\/p>\n

Hamel is also encouraging clients to transition to more non-traditional benefits by helping to institute policies for telecommuting and virtual workspaces. <\/span><\/p>\n

A flexible schedule helps reduce anxiety about such things as who is taking care of the kids.<\/span><\/p>\n

\u201cI look for alternative ways to provide balance for employers and employees,\u201d said Hamel. \u201cHow can the company schedule people or do some things differently so that it works better in today\u2019s world.\u201d<\/span><\/p>\n

Non-traditional employee benefits make good business sense. Employees feel that employers are listening to their needs, and companies experience an enhanced reputation and image.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Susan E. Campbell When companies cut back on traditional employee benefits, such as the 15-year trend in vanishing pension plans, decisions may not be based exclusively on economics. Many of the non-traditional types of benefits now appearing in the workplace are in response to changes in the age, lifestyles and preferences of today\u2019s employees. […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"yoast_head":"\r\nNon-Traditional Types Of Employee Benefits Are Being Used More Often By Employers - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2017\/09\/non-traditional-types-employee-benefits-used-often-employers\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Non-Traditional Types Of Employee Benefits Are Being Used More Often By Employers - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Susan E. 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