Benefits and Compensation

Compensation and Benefits Trends: Fad or Forever?

My dictionary defines ‘fad‘ as a temporary fashion, manner, or conduct followed enthusiastically by a group. My life experience tells me that fads come and go—and some fads come back. Not convinced? Remember skinny-leg jeans? They’re back. Actually, they’ve been back for quite a while. Some would say they never went out of fashion but were just temporarily interrupted by bell-bottoms. If that’s the case; does that make them a standard?

Let’s get right to it. I’m talking about standard practices in HR, compensation and benefits. You know, things like base pay, the 40-hour workweek, pensions, lunch breaks—the list goes on and on.

At my day job, one of my responsibilities for the last few years has been to conduct surveys about everything from benefits to HR departments to training so, at the end of 2015, I took a look at how the survey data has changed over the years and noticed a few surprises.

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