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Telling employees they’ll no longer receive a benefit they highly value, or that their compensation structure will change, is never easy. And it almost always falls on HR. It comes as companies today are cutting back wherever they can. Big tech companies like Zoom and Salesforce for example are reducing stock options for staff.
Other examples of benefits rollbacks may include changing unlimited paid time off policies or removing flexible work policies.
Diana Scott, leader of the US Human Capital Center at the Conference Board, remembers a time when workers across industries had a key benefit taken away — pensions.