GM. This is RollCall by Rollfi...
The weekly newsletter making you smarter about the future of work and crypto.
Today we've got:
- 5 new employee benefits you haven't thought of before
- Coinbase launches a blockchain
- Is crypto back?
5 NEW BENEFITS COMPANIES ARE OFFERING
The workplace is changing.
We retire later, work from home more often, and expect our employers to be flexible.
The traditional benefits package -> healthcare, dental, and PTO isn't going to cut it anymore.
Employees expect more from their employers.
To help you out, we found 5 benefits companies are offering to make sure everyone from the "I'm going to save the world" 23-year-old to the "get me the hell out of here" 60-year-old are happy.
Here they are...
1. Stints and Sabbaticals
According to research from Microsoft, 50% of people are burned out.
One of the best ways to cure burn out is giving employees time off.
Younger employees don't just want time off, they also want to travel while they work.
So, how do you accommodate giving people a break while also catering to the younger generation's travel bug?
Stints and Sabbaticals.
What’s a stint?
A stint is a trip to another office location for a period of time. Some companies are giving employees month or quarterly long stints at different office locations around the world.
Employees get to travel and see different parts of the world, while building camaraderie and teaching them how different offices operate.
A sabbatical is usually rewarded to employees who have been at their current company for a decade+. In the future, you can expect companies to offer sabbaticals for 5 years or less of work.
Investment firm Yieldstreet offers a one-month paid sabbatical at four years of employment. Founder and CEO Milind Mehere said, “It’s (sabbatical) a total disconnection. Vacations don’t allow for that. The future of work will demand it.”
Other companies are doing creative things to keep their travel-hungry employees happy:
- Greenhouse Software recently launched a global passport program, which allows employees to work from nearly anywhere in the world for up to 60 days every year.
- FullContact provides up $7,000 per year for employees to travel.
- United Airlines employees receive unlimited standby travel and discounted rates on airline tickets to anywhere United flies.
2. DAYCARE FOR YOUR PARENTS
Right now, some companies offer paid leave or stipends to subsidize elderly care. (Most avoid it altogether).
Baby Boomers are still the second largest portion of the U.S. population despite the fact most of them are 60+ years old. Since boomers aren’t getting younger and there’s a shortage of caretakers in the U.S., caring for the elderly is going to become a bigger and bigger problem.
One cool solution is Papa.
Papa is an online marketplace that allows older adults or their family members to hire part-time vetted “pals” to assist with nonmedical care, such as errands, chores, and companionship. It's a benefit some employers already offer.
Expect solutions like Papa and on-site care centers to become more popular as people get older and the labor market gets tighter.
3. HYPERPERSONALIZED BENEFITS
Not everyone wants the same benefits.
Meat heads prefer working out in a gym, young moms like group fitness classes, and others rather divert personal exercise spending to something like ski equipment.
Cara Brennan Allamano, chief people officer at the human-resources software company Lattice, said, “I can no longer put together a traditional [benefits] package and think one-size-fits-all will work.”
You gotta be flexible and willing to adapt to each person's needs.
4. ON-SITE COUNSELOR
81% of individuals say they are looking for workplaces that support mental health when they seek future job opportunities.
Yet, most companies don’t offer any mental health resources (we’re not counting happy hours).
Some companies began offering free access to apps like Talkspace and Calm. But, let’s be honest nothing beats an in-person connection. Especially from someone who understands your workplace.
Expect more companies to add meditation rooms and dedicated spaces to mental health that include an on-site professional.
5. POST-PARENTAL LEAVE
The U.S. is decades behind other countries when it comes to paid parental leave.
While the U.S. is offering more parental leave, only 40% of employers offer it right now.
Some companies are fully embracing parental paid leave.
The password managing company, Dashlane, gives employees coming off parental leave a “transitional month” where they are paid as full-time employees. They are encouraged to use the time to catch up with co-workers and get back in the groove of things without any expectations.
The engineering firm, PAE, lets employees returning from parental leave work one or two days a week until they’re back to full-time.
Expect more companies to offer a "post-parental leave" period where they can transition back into their full-time role.
Make sure your employees are getting the benefits they deserve.
Rollfi allows you to pay employees where they want, how they want, and what they want. If you let Rollfi handle your benefits WE do your payroll for free.
Request a demo today👇
COINBASE LAUNCHES A BLOCKCHAIN
Last week, Coinbase announced they're launching a Layer 2 (L2) blockchain, called Base.
Layer 2 blockchains are like the subway systems for blockchains. They give developers an easier way to build decentralized applications (Daaps) on-chain, so they don't have to deal with the expensive and congested main roads of Layer 1 Blockchains.
The launch came with some drama.
- An unrelated token called, BASE skyrocketed over 270% after the news leaked.
- Coinbase also announced they will be the *only* sequencer for the blockchain. A sequencer validates and executes transactions on a blockchain. This means BASE will start off centralized, though Coinbase *promises* to decentralize the chain over time. Just like how SBF promised to take care of our money.
- Coinbase dropped a Free Ethereum NFT via Zora to mark the Base network launch. So far, more than 380k NFTs have been minted. You can mint yours for free here.
Why should you care about Coinbase launching its own blockchain?
Coinbase is the largest crypto exchange in the U.S. with over 110m users. This could be a great way to onramp “normies” to on-chain activities like DeFi, Daaps, and NFTs in a safe and easy way.
Slow down, rollfi, wasn't Coinbase supposed to onboard millions to NFTs last year with their NFT marketplace?
They were supposed to, but it flopped. Only 16k people have used the marketplace for a total volume of $7.3m.
Best case scenario: Coinbase onboards a few million people on chain. All of our on chain antics become more valuable since more people = more demand = higher prices.
Worst case scenario: Coinbase produces another flop, they can’t influencer their users to do anything on chain, and we find out regular people aren’t as excited about blockchain technology as they are about crypto prices going up.
2 IMPORTANT CRYPTO STATS
For the first time since April 2022, we had positive on-chain capital inflows into crypto.
In simple terms… WE’RE BACK BABY!
This means investors are gaining confidence in crypto again.
You can see below we’re still far from 2021 highs, but hey, we’re going to take what we can get in this market.
From this, we can estimate the net capital flows into the digital asset industry, considering most fiat comes in via $BTC, $ETH, or stables.
After a period of outflows since Apr-2022, capital is flowing back in at $4.5B/month, primarily into $BTC + $ETH.
— glassnode (@glassnode)
Feb 22, 2023
We have good news for the NFT market too.
For the 6th week in a row the cumulative market cap of the NFT space increased. This time it went from 9.36M ETH to 9.46M ETH.
The bear market is tough, so it’s important we enjoy the little things.
See you next week.
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Rollfi Inc does not guarantee and is in no way responsible for the accuracy of information provided in this message. All information is provided “AS IS” and with all faults. Data presented here may not reflect all activity in the market.