Did you know that it’s easier to keep employees longer when they feel like they’re getting help navigating their finances. It’s true. When your team has access to financial tools, retention rates go up. But if employers fail to act, they’re more likely to look for a new job. Increased Turnover Costs Turnover costs cost…
When employees aren’t ready for retirement, it can affect your business. Employees who aren’t ready for retirement have increased healthcare costs and salaries. It’s time to take a better look at your retirement plan if you want to help employees prepare for the future. Other Debts Come First Employees struggle to save for a variety…
Recent labor report shows that unemployment rates are at the lowest they’ve been in almost fifty years. This makes keeping talent even harder. Economists believe we are at full employment. The national average unemployment rate is 3.6%. But because the job market is tight, employers need to get creative with how they find and keep good…
Businesses feel like they’re missing out on talent because they don’t have the right perks and benefits. While perks are secondary to a benefits plan, they can’t be a passive rollout. Choosing the right perks can either amplify or damage your company culture. What is the perk for? Before buying a ping pong table for…
Financial wellness programs are more popular than ever. Unfortunately, they aren’t able to remedy every financial stressor employees have because some financial issues stem from the workplace. Employers should focus on both traditional financial wellness and addressing these key issues. Bad Management Bad management is often cited as one of the main reasons employees leave…
You work on your employees’ benefits programs to help them feel happier and healthier. However, not all of your employees are using them. Although maximizing the reach of your benefits may be top of mind, it often doesn’t tell the whole picture. Reach vs. Impact The reach of a program includes how many employees enrolled or…
Financial wellness is one of the most sought-after employee benefits. In this episode of “Innovation Conversations with NFP”, we speak with Chris Whitlow, CEO and Founder of Edukate. Learn about Edukate’s comprehensive financial wellness offering to employers and how you can put this to work to empower employees!
Retail is one of the largest occupations in the U.S. with nearly 16 millionemployees, according to the Bureau of Labor and Statistics. The mean hourly wage of $13.20 is slowly rising, with companies like Amazon.comraising its minimum wage to $15 per hour and Target aiming to do the same by 2020.
For employers, open enrollment is a time to double-down. It’s about updating and improving benefits offerings. Unfortunately, using open enrollment as an annual benefits review may mean you miss some things. Unfortunately, using open enrollment as an annual benefits review may mean you miss some things. Shifting your focus to periodic reviews instead of an…
Help your employees step into the new year on the right foot. Here are some tips to boost your benefits before the end of the year. Holiday Spending Tips The end of the year likely means lots of holiday spending. Unfortunately, many Americans go into debt to make sure the holidays are special. If you offer…
Edukate integrates with your current employer benefits provider.
Most of our programs can be rolled out in less than 30 days.