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In the 1980s, US corporations began reducing training and other benefits for employees. The prevalence of employee education benefits programs was further reduced during the Great Recession, from 61 percent of companies surveyed in 2008 to 51 percent in 2018. [10] In 2021, a refound popularity among large employers has been met with skepticism.
Microsoft ended LinkedIn operations in China in October 2021. [58] In 2022, LinkedIn earned $13.8 billion in revenue, compared to $10.3 billion in 2021. [59] In May 2023, LinkedIn cut 716 positions from its 20,000 workforce. The move, according to a letter from the company's CEO Ryan Roslansky, was made to streamline the business's operations.
In the United Kingdom, employee benefits are categorised by three terms: flexible benefits (flex) and flexible benefits packages, voluntary benefits and core benefits. "Core benefits" is the term given to benefits which all staff enjoy, such as pension, life insurance, income protection, and holiday.
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Alight Solutions is an information technology and consulting company based in Chicago, Illinois.The company provides cloud-based digital business and human capital service solutions [clarification needed]; particularly within the areas of wealth and health resources. [1]
Employee benefits refer to the extra advantages offered to employees in addition to their salary. These consist of packages provided by the employer to enhance the cash compensation. Benefits typically encompass health coverage, income protection, savings, and retirement programs, all of which offer security for employees and their families. [ 3 ]
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Taylor wrote the 2021 book Reset: A Leader’s Guide to Work in an Age of Upheaval. [13] He is co-author of The Trouble with HR: An Insider's Guide to Finding and Keeping the Best People, [14] which covers employee relations, compensation and benefits, training, on-boarding, and development practices.