Category Archives: Financial Wellness

  1. Rethinking Financial Wellness Education ROIs

    Recordkeepers and employers are beginning to rethink their approach to financial wellness. Almost all employers say they offer financial wellness benefits of some kind.

    But many employers face a hurdle. Defining a tangible ROI for a wellness program can be difficult.

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  2. The Added Costs of Financial Stress at Work

    Financial stress affects employees’ health and it costs businesses billions each year. Employers can save money and create a healthier workforce by addressing it. The right tools can lower insurance premiums and reduce absenteeism.

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  3. Financial Wellness Popularity Grows Through 2024

    Modern office building with plants and big glass windows. One employee working in the distance.

    Financial wellness popularity continues to grow 2019. In a new report, that isn’t slowing down anytime soon. Opting for Financial Wellness The report outlines the next next five years for financial wellness. It found that employers will almost all offer financial wellness programs. That includes budgeting and plans to help with debt. So far, 30%…

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  4. Why Financial Wellness for Women Takes a Lot Longer

    Woman crossing a wooden bridge on a path in the woods.

    Financial wellness for women is often harder to achieve. Wage gaps, workplace norms, and career opportunities all affect how women prepare for the future. Retirement Age For starters, women tend to live longer than men. As much as five yearslonger. This can make it difficult to plan for retirement, both by themselves and with a…

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  5. How Record keepers Can Help with Financial Wellness

    Man sitting at a desk on the phone with a client.

    Many employers rely on their record keeper for financial benefits. That means record keepers have a chance to help with financial wellness. But financial wellness can’t just be offering retirement plans. They must also offer help with budgeting, saving, and debt management. Retirement saving is only possible when employees feel financially confident. Financial Priorities Many…

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  6. Keeping and Finding Talent in a Tight Job Market

    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…

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  7. Perks and Benefits: Flashiness or Results

    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…

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  8. Employee Financial Stress Has Many Sources

    Older couple reviewing paperwork at a restaurant.

    A recent MetLife survey asked employees about their top sources of financial stress. It found that employees have very different short and long-term financial stressors. Slow wage growth and rising living costs are often the root causes of this stress. Employers focus on helping both short and long-term stressors when creating benefits plans. Long Term…

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  9. Overcome the Next Recession with Financial Wellness

    A recent Gallup survey found employers with the strong employee wellness programs saw increases to their bottom line in the last recession. These employers saw an average of 26% increases to their profits during the economic slowdown. That’s compared to similar firms. Financial Problems Overflow Employees’ pocketbooks aren’t the only thing affected in the pinch of…

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  10. Career Growth Helps Financial Wellness

    Man standing in New York City looking out at the street.

    Most financial wellness programs try to help with personal finances. Less talked about is how career growth may also affect financial stress. Career growth can be a strong indicator of future financial success. When employees have a strong career path they’re less worried about paying bills. This is why you should help employees grow both…

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