Best of the week: Employers address financial wellness, opioid epidemic

The Big Four accounting firm issued performance-based raises this January, which was a pay bump of up to 5% of employees’ salaries. Workers also received their regular annual bonuses, and promotions were awarded on schedule throughout 2020. The company’s HR department says they didn’t want to sacrifice employee retention to the pandemic, and were determined to keep employee benefits and perks a high priority.

“Even amidst the pandemic, the competition for talent remains significant and strong,” says Michael Fenlon, chief people officer at PwC. “This pandemic is not forever, so we’re making short and long-term investments in our workforce.”