72% of employees worry about their finances at work, leading to lost productivity and low engagement. A recent survey found that financial stress costs employers more than $2,000 per employee per year in lost productivity and absenteeism.
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Employee experience is a key focus area for companies especially today, as it directly impacts productivity and engagement. According to leading market intelligence firm IDC, employers that invest in robust employee experience/employee engagement programs have employees who plan to stay with the company 6 to 10 years on average. These employees are also 35 timesContinue reading “IDC Report: The Business Impact of Employee Financial Wellness”
Offering workplace wellness benefits such as mental health resources and financial wellness programs can be a win-win for employers and employees. We all want our employees to be more productive and engaged at work. In a perfect world, we would offer everything that helps our employees with their day-to-day lives—from student loans to sabbaticals. InContinue reading “The Benefits of Employee Wellness Programs”
In Bank of America’s recently published 2020 Workplace Benefits Report, 62% of employers feel “extreme responsibility for their employees’ financial wellness,” up significantly from 13% in 2013. The majority of employers surveyed stated that helping their employees achieve their financial goals is a core part of their strategy to attract, retain, and engage their workforce.Continue reading “Financial Wellness: Core to Your Workplace Wellness Strategy”
We have been living with the COVID-19 pandemic for more than seven months now. We’ve grown accustomed for the most part, to working from home, avoiding large crowds and wearing our face masks. Our working lives have also morphed into a new normal. Old challenges such as long commutes or running out of office spaceContinue reading “3 Workplace Wellness Benefits To Consider Now”
The majority of Americans live paycheck-to-paycheck throughout their working years and retire without having a substantial nest egg for retirement. This pattern is especially true for millennials, who have experienced two large recessions early in their careers. The current pandemic-fueled recession is causing financial stress for everyone. Millennials are especially challenged due to a combinationContinue reading “3 Ways to Turn Around Your Millennial Employees’ Finances”
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