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Months after tax reform provided businesses with big breaks, the benefits are still coming for employees. (Photo: Shutterstock)[/caption] After the passage of the Tax Cuts and Jobs Act last December, company after company announced how they would put their windfall to use for their employees (or in many cases, themselves). Companies aren't just sharing the benefits of tax reform by giving employees raises and bonuses – they are also using their windfalls to boost other employee benefits. More than six months later, the benefits are still coming. Boeing recently announced that it has launched new workforce development programs as a result of tax reform, which were actually suggested by its employees. The Chicago-based aircraft manufacturer crowdsourced more than 40,000 ideas from employees through an online survey and dozens of iPad-equipped "Idea Stations" at Boeing sites worldwide. "When we asked our people how best to invest in their learning and development they spoke up loud and clear," says Heidi Capozzi, Boeing's senior vice president of human resources. "We listened and read every single idea that was submitted. Our long-term plans represent a down payment on the future of our employees and tomorrow's technical workforce." The company's new workforce development programs will include a new partnership with Degreed.com, which will provide employees with access to online lessons, certification courses and degree programs. Boeing will also fund several programs to help employees enhance technical skills and understand industry trends, tools and technologies -- the first of which will focus on digital literacy. Additional employee education investments will be announced later this year. Take a look at our slideshow to see what how other companies have been spending their tax reform windfall, per the U.S. Chamber of Commerce's interactive tax map and Americans for Tax Reform's comprehensive list of businesses giving raises, bonuses, and other benefits to employees and customers.
Months after tax reform provided businesses with big breaks, the benefits are still coming for employees. (Photo: Shutterstock)[/caption] After the passage of the Tax Cuts and Jobs Act last December, company after company announced how they would put their windfall to use for their employees (or in many cases, themselves). Companies aren't just sharing the benefits of tax reform by giving employees raises and bonuses – they are also using their windfalls to boost other employee benefits. More than six months later, the benefits are still coming. Boeing recently announced that it has launched new workforce development programs as a result of tax reform, which were actually suggested by its employees. The Chicago-based aircraft manufacturer crowdsourced more than 40,000 ideas from employees through an online survey and dozens of iPad-equipped "Idea Stations" at Boeing sites worldwide. "When we asked our people how best to invest in their learning and development they spoke up loud and clear," says Heidi Capozzi, Boeing's senior vice president of human resources. "We listened and read every single idea that was submitted. Our long-term plans represent a down payment on the future of our employees and tomorrow's technical workforce." The company's new workforce development programs will include a new partnership with Degreed.com, which will provide employees with access to online lessons, certification courses and degree programs. Boeing will also fund several programs to help employees enhance technical skills and understand industry trends, tools and technologies -- the first of which will focus on digital literacy. Additional employee education investments will be announced later this year. Take a look at our slideshow to see what how other companies have been spending their tax reform windfall, per the U.S. Chamber of Commerce's interactive tax map and Americans for Tax Reform's comprehensive list of businesses giving raises, bonuses, and other benefits to employees and customers.Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
