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Encore Introduces Pioneering ‘Overtime Savings Program’ within the U.S. to Help Seasonal Workforce
Wednesday, October 30, 2024
Encore, a pacesetter in occasion expertise and manufacturing companies, introduced the debut of its modern ‘Overtime Savings Program’ throughout the US, complemented by a number of extra initiatives geared toward enhancing help for its workforce in a fluctuating trade.
Using UKG’s superior payroll expertise, this groundbreaking program is designed to enhance the monetary well-being and stability of Encore’s frontline workers, who usually face variable work volumes as a result of seasonal nature of the market.
“Encore has always believed its team members are the heart of our story. This people-first mindset motivates us to constantly evolve our team member experience and innovate around challenges, like the impact of seasonality, that the industry previously viewed as immutable,” mentioned Ben Erwin, president and CEO of Encore.
Encore employs 12,000 group members who ship companies throughout 2,200 inns and convention venues in 20 international locations, navigating the everyday ups and downs of the hospitality sector. These fluctuations can result in inconsistent work hours for workers, starting from intensive extra time throughout busy intervals to fewer hours in quieter instances, posing challenges in earnings stability and expertise retention throughout slower months.
“We established the program as another way to support our team members so that they can be at their best in delivering for our customers,” Erwin added. “With this innovation, they can better plan and save their premium overtime pay for periods of the year when they might not work as many hours. Providing this capability and funding a company-paid match for a portion of the savings should motivate financial wellness and enable them to continue to build their career with Encore. Team member reactions tell us we are onto something,” he mentioned.
Alongside the Time beyond regulation Financial savings Program, Encore has launched a Seasonal Depart of Absence Program. This program permits staff to take leaves throughout much less busy intervals whereas preserving full advantages, accumulating paid depart, and retaining their job tenure. This association helps workers in pursuing private endeavors, academic actions, or different employment with out dropping their skilled advantages or development. Each applications at the moment are in impact nationwide, with intentions to develop globally.
“Financial stress is not a problem isolated to our industry, it’s a stressor for nearly everyone,” mentioned Charlie Younger, chief human sources officer at Encore. “Nearly 70% of Americans are living paycheck to paycheck and Americans spent $9B in bank overdraft fees in 2023. The more we can do to reduce stress for our team members, the more focused they can be on our customers. We are successful in the event production business because of the unique combination of our technical expertise, hospitality mindset and ability to work under pressure and through challenges. Seasonal fluctuations are part of our business, but with a partner like UKG that understands every industry has unique challenges, we were able to innovate to support those unique needs to make our team members’ lives better.”
Cody Browne, a technical lead with 5 years of service for Encore in Las Vegas, mentioned he’ll strive the Time beyond regulation Financial savings program, along with accruing and saving his Paid Time Off, for the sluggish season in December in Las Vegas. He hopes the holiday time, along with the saved extra time funds, will afford him an out-of-state trip to go to household. “I love that Encore is creating new opportunities, that’s one of the reasons I am interested in growing my career here,” he mentioned.
