As more workers struggle with stress in and out of the workplace, some are requesting time off in order to cope. This is not a problem for companies with sick-day policies that allow employees to use their paid personal days for any reason. In other workplaces, people who are honest about asking for a mental health day can sometimes be looked upon as suffering from a mental health issue. Regardless of how your organization may handle these issues, it is important to respect employees’ right to privacy and avoid probing for sensitive information about a person’s well-being.
With student loan debt topping the list of concerns for so many young workers, more and more employers are looking for ways to help. While several large employers are doing things to help them reduce principal and save on interest, one large employer is allowing employees to trade up to 5 vacation days for a payment on their debt. In their program, a person earning $50,000 annually could receive a principal payment of nearly $1,000. The Society of Human Resource Management reports that 4% of employers are offering a student loan repayment benefit of some kind.