Financial education is becoming increasingly popular as an employee benefit. It’s known to decrease money-related stress by giving employees control over their money instead of letting it control them. As a company benefit, financial education increases productivity and improves employee morale.
How Employee Expectations Are Changing the Workplace Today’s employees have a whole new set of expectations for the workplace. Not only is there a demand for higher pay to keep up with the cost of living, but there is also a renewed demand for respect in the workplace. Companies who don’t meet these expectations find […]
Millennials are Changing the Workforce Millennials are the largest generation in the labor force. By 2025, 75% of the workforce is expected to be made up of millennials, according to Pew research. Many employers are frustrated with millennials’ tendency to change jobs frequently. But as this generation is continually looking for more meaningful work, what […]
How Inflation Rates Should Prompt New Financial Benefits As of June 2022, the U.S. inflation rate has been as high as 8.6%. Unfortunately, the biggest price increases are not in the discretionary categories such as entertainment and travel. Instead, the increases are in the essentials, primarily gas, food, and housing. Workers can’t afford to cut […]
Why Financial Education at Your Company Needs to Be One-on-One As a developed nation, the United States has a literacy rate of 99%, according to the World Population Review. However, the financial literacy rate of Americans is nowhere near as high. CNBC states only 57% of US adults are financially literate. A contributing factor may […]
How Employers Can Help End Employee Financial Distress Employee health and wellbeing is a top priority for HR professionals. It can be easy to spot signs of physical illness, but not all issues are so apparent. Financial distress can be harder to identify, but is increasingly common and leads to a lack of productivity and […]
How Resuming Federal Student Loan Payments Could Affect Your Employees Federal student loan payments paused in March 2020, but they resume January 2022. While millions of borrowers were able to defer payments temporarily, no broader student loan forgiveness plan has come to fruition. As this payment pause ends, employers must prepare for the challenges employees […]
3 Benefits That Make a Difference for Employees Employees who work hard are the reason your business is successful. Happy employees mean happy customers. Often, a happy employee is the result of a stress-free financial life. As an employer, you can help your employees achieve a stress-free financial life not just by providing a paycheck, […]
5 Tips to Help Your Business Navigate the Great Resignation After nearly two years of challenging circumstances across many industries, workers have decided that simply having a job is not enough to feel successful. Employees want more flexibility, better treatment, and are willing to shop around for potential employers to get what they’re looking for. […]
The ROI of Financial Workplace Wellness Programs Businesses constantly look for ways to attract talented staff and retain the valuable team members they have. Many employee benefit programs focus on physical and emotional health to reduce stress and sickness in the workplace. An alternative solution? Financial workplace wellness programs. Financial uncertainty is a large contributor […]