As the COVID-19 pandemic has battered the American economy, most firms have avoided cuts in workers’ base pay and benefits, according to a national survey of HR professionals conducted by MindEdge Learning and the HR Certification Institute (HRCI).
The overwhelming majority of survey respondents say that their companies have kept workers’ pay and benefits intact during the crisis:
- 81% have not reduced base compensation, and
- 89% have not reduced or eliminated benefits.
The results of HR in the Age of Workplace Uncertainty, an online survey of 757 HR professionals, also show that workplace stress and burnout have increased sharply during the pandemic.
“The pandemic has understandably put a great deal of pressure on the U.S. workforce,” said Frank Connolly, director of research at MindEdge Learning. “The survey shows that while stress levels are up, companies are trying hard to maintain base pay, and many are adding benefits that will help combat stress.”
Results indicate that 75% of respondents experienced an increase in employee burnout due to stress related to COVID-19. Slightly more than half (53%) report that their companies have introduced new benefits to help employees deal with stress, or plan to do so in the near future.