Have employers felt off balance during the past three years regarding relationships with their employees?
The question ideally should read, which employers have not felt off balance, at least to some degree? In fact
, this condition seems to be the new normal for many employers as they try to stay abreast of the
shifting expectations, perspectives, and demands of their workers in the post-pandemic world. To keep
up with this constantly evolving situation, employers need to have access to the most current
national polling information and other sources that analyze and report on these workplace dynamics.
Those not paying attention will have a difficult time attracting and keeping workers because
the pre-COVID traditional relationships between wage payers and wage earners have changed
so significantly.
Once upon a time in the not-too-distant past, employers established the rules and employees
were expected to follow them. Employee domestic problems, their thoughts about topics like the
environment, politics, or social justice were not disclosed to their employers. In 2022, however,
employers no longer can expect workers to leave their personal troubles or opinions behind them
when they return to work every day.
COVID’s massive disruption of traditional work environments, the “Great Resignation”, and
various social trends have changed the old order. Workers feel a new sense of empowerment
and insist that their voices be heard. Below are several trends that employers should become
familiar with to better understand the motivations and concerns that their employees may
have as follows:
Work-life balance: This movement preceded the pandemic by decades but gained strength and
proliferated only since then. Basically, work-life balance means that career and personal
obligations are in a state of equilibrium. More flexible scheduling by management to
accommodate workers’ preferences increases work satisfaction in theory, resulting in overall
greater job satisfaction and increased productivity.
Work-life Integration: This term has replaced work life balance to some extent as being more
desired by many workers. Work-life Integration means that work and home life no longer have
distinct boundaries. Traditional terms like “straight time” and “overtime” do not apply here
because hours are not the measuring stick for productivity. Outcomes, quality of work, and
results are the keys, not when the work is being done.
Employers just need to remember that work-life balance is more about dividing time in equal
parts, when an employee is working the homelife concerns are not allowed to intrude and vice
versa. Work life integration however means blending of both depending on daily circumstances
that may arise but with the understanding that work assignments will be completed on time.
For example, an integrated employee may decide to work in the middle of the night to
complete a work assignment whereas a work-life balance worker has a more defined and
consistent work schedule, such as 9-5 or 3-11.
Work-life balance has fallen out of favor somewhat because it does not accommodate the
realities of the post-pandemic world. Yes, 9-5 is still useful for some people but the majority
prefer the more pliable work-life blend format and that in their eyes helps them become more
productive. Workers prefer control over their schedules as much as possible and many now
regard flexible employment as more of a necessity than a benefit.
Stability– As the “Great Resignation” is cooling off somewhat and some workers now prefer
joining a stable company. Surveys are beginning to signal that they are becoming more
concerned with keeping their jobs at companies that have a proven track-record, bucking a
trend that only recently seemed to be more of a game of musical chairs. Perhaps it is a
yearning for more predictable period of employment and a return to the pre-pandemic sense of
security they once had. Almost half of those surveyed indicated they will stay with their current
employers for at least the next 12 months, another sign that the human resource waters may
be beginning to calm down somewhat.
The looming threat of a recession also has many employees worried that they may lose their
jobs, very recent survey data indicates. Ultimately, employers will decide if they can afford
subsidizing their existing workforce as cuts may be necessary and ironically, the new hires that
comprised the Great Resignation could be among the most vulnerable.
Employers who understand the most recent trends should be in better position to retain more
existing workers than just a year ago and hire new employees who list stability as a second
priority only to salary considerations when choosing a new company. Presenting an image of a
dependable and reliable source of income is helpful while bearing in mind that workers want
their employers to be as flexible as possible relative to their daily work schedules and are
sensitive to helping them overcome any personal issues they may encounter.
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We are pleased to announce the 2021 term dividends for our Safety Group 533
and 534 members have been declared, and checks were mailed out! If you have
not had your audit done or have an estimated audit, you will NOT RECEIVE
YOUR DIVIDEND until an actual audit is completed.
Do you hate your annual audit with NYSIF? Do you dread meeting with your auditor more than getting a tooth pulled? If so, we have some great news for you! You no longer have to suffer through the tedious, stressful in person audit! Now, you can complete your audit remotely using the NYSIF audit upload system. It’s fast, secure, and convenient. All you have to do is go on the NYSIF website, enter your policy number and audit ID number, and upload the required records. After the upload is complete, the auditor will call or email you with any questions, and to discuss the audit results in detail. It’s that easy!
This feature securely delivers audit documents to the appropriate NYSIF auditor, and the documents are automatically deleted from the system after 60 days.
Typical records required for most policyholders include:
- Payroll book/earnings records, Payroll Tax Returns (941, NYS-45, NYS-45-ATT), 1099s issued with the corresponding 1096, W-2s issued with the corresponding W-3.
- Record of income and expense – Cash Book, Check Book, General Ledger, Profit and Loss
- Most recent business tax return filed – 1120, 1120S, 1065, 1040 Schedule C, E, F, 990
- Certificates of insurance for subcontractors used
- Records of how the customer is billed
If you have not already done so, we urge you to take advantage of this exciting new option.
Please direct any questions or concerns regarding this content to:
The Safety Division at Hamond Safety Management
Anthony Vacchio, [email protected] 516-762-4224