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.
The Wall Street Journal’s training resources are managed by their Human Resources department. Overall, employees are satisfied by the opportunities for improvement that HR provides, as they are rated within the top 15% of similarly sized companies. However, they are not as satisfied with the HR’s leadership and the actions they are taking, as the HR’s leadership is only rated within the top 30% of similarly sized companies.
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.
The Wall Street Journal’s perks and benefits rank them in the top 5% of similarly sized companies. They provide benefits such as Dental Insurance, Paid Time Off, and free client tickets, and roughly 87% 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.
The Wall Street Journal facilitates a work environment that is rated in the bottom 40% of similarly sized companies. The company's leadership and management are prone to constant changes that make it hard for teams to be effective and focused. Additionally, this creates an environment where there isn’t a minimal amount of supervision, in comparison to other similarly sized companies.
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.
The Wall Street Journal pays salaries that rank within the top 10% of similarly sized companies. The average reporter makes $70,000 per year, while the average editor and average project manager make $100,000 per year. However, only 60% of employees are satisfied with their compensation.
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.
In response to the pandemic, 71% of employees were satisfied with the Wall Street Journal’s leadership. However, 25% of employees felt that the Wall Street Journal did not provide them with the flexibility they needed to work from anywhere.