FTVLive has obtained an CBS internal memo that went out to the entire organization.
It appears that CBS is looking to become a much kinder and gentler place to work.
More time off, more casual Fridays and more benefits is the word from CBS interim CEO Joseph Ianniello.
Here is the memo, obtained by FTVLive:
From: Ianniello, Joe <Joe.Ianniello@cbs.com>
Sent: Thursday, February 28, 2019 8:30 AM
Subject: 2019 Policy & Benefit Updates
Thanks to everyone who participated in our first workplace culture survey this past December. Your feedback continues to help shape many of the important policy and benefit changes you will start to see across the Company this year. Working closely with Laurie Rosenfield and Steve Mirante, we are taking immediate action to announce a number of new and improved workplace policy and benefit updates, all listed below with effective dates. You will be receiving more detailed information as we roll out these programs. If you have any questions in the meantime, please reach out to your divisional HR representative.
No one works harder than the people of CBS, and I’m pleased to both recognize and motivate that ongoing effort. So thanks again for your input as together we build the future of CBS, and stay tuned for more related news in the coming months.
2019 Policy & Benefit Updates
Full-time staff – U.S. only:
Introduce a more flexible workplace – Effective immediately – CBS is supportive of a flexible workplace – our business needs vary across our CBS companies, but each are committed to being flexible where possible. This flexibility may include different work schedules, job sharing and telecommuting. In addition, we will introduce Summer Fridays across our CBS companies starting this summer. This will allow employees up to 4 Summer Fridays off during the season, subject to meeting business needs. Each of our CBS companies is encouraged to review its business practices to explore what, if any, of these working arrangements can be implemented.
Expand our Business Casual Dress policy to all CBS companies – Effective Immediately
New Vacation Schedule – Effective 7/1 – Employees will begin to accrue vacation at an accelerated schedule:
At hire: 3 weeks (prorated in year of hire)
5 years: 4 weeks
15 years: 5 weeks
Volunteer Time Off (VTO) – Effective 4/1
One paid day to volunteer per year
Bereavement – Effective 4/1
Increasing from 3 days to up to 2 weeks for immediate family
Fertility Support Benefit Lifetime Maximum Increase – Effective 4/1
All United Healthcare CBS Medical Plan participants will be eligible for an increased fertility support medical benefit of $25,000 (up from $10,000) – pharmacy benefits will remain at $10,000 (an overall $35,000 total lifetime maximum)
Adoption Assistance – Effective 4/1
Increasing from $5,000 to $10,000 in any 12-month period
Surrogacy Benefit – Effective 4/1
Introducing a new $10,000 benefit in any 12-month period with a $30,000 lifetime maximum
401(k) Vesting – Effective 7/1
Changing the full vesting requirement from 5 years to 3 years of service
Tuition Reimbursement – Effective 4/1
All CBS companies will offer tuition reimbursement – undergraduate degree remains at $5,250 per year, and we are increasing reimbursement for graduate degree to $8,000 per year.
Please note: Eligibility for benefits and policies may vary for employees who are working under a collective bargaining agreement or who are not full-time staff employees.
For more information about your current policies, visit www.cbsandyou.com. Details about the new policies will be updated on CBS & YOU by April 1.