Accessibility to training resources
Employers should provide their employees with the proper resources to improve and be well versed in their specialties. As the human resources department of a company controls the training resources that are available to employees, employees should be sufficiently satisfied with the opportunities for improvement that the department provides and the department should be ranked highly against similarly sized companies.
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The Fox Corporation’s Human Resources department is tasked with providing its employees with training resources. However, employees are generally unsatisfied with the HR’s actions and opportunities.
Employee benefits in comparison to industry standards
Every business should provide their employees with benefits to improve their working life and the health of themselves and their family. Standard benefits that should be offered include health insurance, life insurance, dental insurance, paid time off or sick time, paid medical leave, education assistance, and 401k. Employees should have a good sentiment around the perks and benefits their company provides, and the benefits should rank highly against similarly sized companies.
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The Fox Corporation’s perks and benefits rank them in the bottom 25% of similarly sized companies. They provide benefits such as Dental Insurance, Vision Insurance, Health Insurance, Life Insurance, Paid Time Off, and 401K; however, only 59% of employees are satisfied with their benefits.
Overall work environment
A healthy work environment provides several perks such as increasing productivity and creativity and boosting motivation and company morale. Employees should be comfortable working with their peers and feel that they have an adequate amount of freedom to improve. As a result, a company should cultivate a work environment that is highly rated by both employees and against similar companies, and employees should also be pleased with the company's leadership and the opportunities they provide.
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The Fox Corporation facilitates a work environment that ranks in the bottom 40% of similarly sized companies. In fact, 86% of employees claim they work with someone closely who makes them want to quit their job. While some find the work environment laid back, others believe it’s quite toxic and managers need to treat their employees better.
Salaries in comparison to industry standards
Higher salaries and compensation allow employees to be more invested in their jobs and feel that they are valued by the company. It also allowed companies to expect that employees are more productive and that they produce high-quality work. As a result, employers should provide salaries that rate them highly in comparison to similarly-sized companies and employees should be satisfied with their compensation.
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The Fox Corporation provides compensation that ranks within the bottom 25% of similarly sized companies. However, the average reporter at Fox News makes about $70,000 a year, while the average news producer makes about $82,000 a year, which is decently high. Only 38% of employees believe that they are paid fairly.
Work from home and response to the pandemic
Allowing employees to work from home, gives them the opportunity to work in a more comfortable setting and have fewer distractions. Especially during the COVID-19 pandemic, being able to work from home is important to keep safe and still be productive. Thus, employees should be satisfied with the company's response and leadership during the pandemic, and a minimal number of employees should be expected to work in the office.
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During the pandemic, Fox Corporations adjusted its operations, but an average of 43% of employees were still expected to be in the office, based on their positions. However, 77% of employees believe that the company responded quickly to the initial Covid-19 outbreak, and 74% of employees could have taken paid sick days.