How Employers Can Help Recent Graduates Recruiting recent graduates is an excellent way to bring fresh talent and new skills and ideas into the workplace. But because recent graduates lack experience, they rely on their employer to help them succeed. Employers can help these new hires thrive in their new roles by offering financial education, […]
What It Means to Live Paycheck to Paycheck A staggering 64% of Americans live paycheck to paycheck, making this precarious financial lifestyle the most common in the United States. Because it is so common, many individuals do not realize there are alternatives to this lifestyle. Living paycheck to paycheck means an individual spends all of […]
Changing the Practice of Tipping The practice of tipping in America has been around for well over a century, but it remains a controversial topic. Employers, customers, and tipped workers continue to debate how much to tip and who deserves a tip. But the biggest debate is whether or not we should do away with […]
Why It Pays to Take Care of Your Employees In today’s economy, customers attach more than just monetary value to the products and services they purchase. Customers don’t strictly look at the product and the price, but they also consider what their money does once they spend it. Does their purchase contribute to a nonprofit […]
Financial Education Before Raises Wage increases are essential to helping employees keep up with the cost of living. But raises are far more effective when they are combined with financial literacy. The vast majority of U.S. workers are living paycheck to paycheck and are unprepared for a financial emergency. A staggering percentage of employees state […]
Purposeful Work A sense of purpose is one of the most important factors in a person’s work. Purpose refers to how that work affects other people and creates meaning for the individual and for the greater good. Many people derive their life’s purpose from their work. This gives employers a great responsibility to foster and […]
How to Help Employees with Student Debt Student debt is the second highest debt category in the U.S., only falling behind home mortgages. More than 43 million Americans have student loan debt, averaging nearly $38,000 per borrower. Borrower ages range from recent graduates to retirees. High debt loads mean older borrowers are unprepared for retirement, […]
How and When to Lay Off Employees Employee layoffs are one of the toughest situations managers face in the workplace. Because layoffs are typically unrelated to employee misconduct, they tend to involve a lot of emotion. But sometimes, layoffs are unavoidable. While they should be a last resort for a company, there are situations where […]
The Middle Class is the Most Expensive The middle class is the most populous segment of the United States. It’s also the most expensive. A common perspective among the middle class is that they don’t quite earn enough to afford their standard of living, but they earn just enough not to qualify for financial assistance. […]
How to Help Millennial Employees Retire Early Early retirement is a dream of many modern workers, and it has its benefits for employers, too. Senior employees typically have the highest salaries and the most expensive benefits packages. When these workers choose to take advantage of an early retirement, it allows the company to hire junior […]