Chip Cutter

speaker

1,085 appearances 18 recordings 1 series first heard Aug 2019 last heard Sep 2024

Chip Cutter’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Employees Are Being Offered Cash Incentives to Take Time Off · 9 Apr 2021 podcast

Thank you. voice-verified

That's right. voice-verified

This could lead to millions of dollars spent to offer this sort of benefit. voice-verified

They feel like that is worth it if it leads to employees coming back, feeling more rejuvenated, able to kind of better help the company's clients, to better help their peers. voice-verified

All of that could pay off. voice-verified

And I think it's important to note that not all companies are in a position to do this. voice-verified

PwC says that it has done well financially in the pandemic. voice-verified

and so wants to reward employees for putting in the extra hours and for working hard during this difficult year. voice-verified

Obviously, not all companies are in the same position, but PwC feels like now is the time to offer this sort of benefit. voice-verified

Few other companies have gone this route at this point. voice-verified

And I think it remains to be seen if this becomes a movement across some of the biggest companies in corporate America. voice-verified

Companies over time have done different incentives. voice-verified

They've offered people money, for example, to get a certain number of steps per day, or they've offered financial incentives to participate in smoking cessation programs. voice-verified

But many have not gone this route to offer money to take vacation time. voice-verified

And I think a number of people will be watching to see if other companies follow suit here. voice-verified

So many companies are taking other approaches too. voice-verified

Google, for example, is offering people sort of a bonus vacation day to take vacation now saying you can get a bonus vacation day later. voice-verified

Other companies are rolling out kind of expanded days off for everyone. voice-verified

So companies like Citigroup and the German tech conglomerate SAP have recently rolled out kind of voice-verified

Rest days where employees are all encouraged to sign off at the same time, that could help kind of reduce internal email. voice-verified

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