The pandemic has caused employees to reevaluate their work priorities — and turn in their two-week notice. Known as the “Great Resignation,” a record four million people quit their jobs in April 2021 alone. The desire for things like flexibility and new career paths contribute largely to this mass exodus. However, the issue goes even […]
Employer
How much is Workforce Financial Stress Costing Your Organization?
Financial stress levels for the American worker are at an all-time high. As employees struggle with issues like increased expenses and low income, their health, productivity, and overall well-being suffer severely — and impact their engagement at work. These high financial stress levels also come with a steep price tag for companies. According to research […]
A 401(k) Might Not Be Enough for Your Employees. Consider Workplace Emergency Savings.
Next to healthcare, most people immediately think of retirement savings when they think about employee benefits. According to the U.S. Bureau of Labor Statistics, 67% of American workers have access to retirement savings benefits like 401(k), 403(b), and pensions. And with state-facilitated retirement programs like VirginiaSaves on the rise, that access is bound to increase. […]
What the 2021 Child Tax Credit Means for Your Employees (& How You Can Help)
Rarely do policy and employee needs collide to create truly meaningful financial change. But the 2021 IRS Child Tax Credit (CTC) offers a once-in-a-lifetime chance to get savings right. In an unprecedented move, the United States Congress passed legislation to provide relief for all parents of children ages 0 to 17. For 39 million American […]
Do You Believe in DEI Initiatives? It is Time to Follow Through
By now, DEI (diversity, equity, and inclusion) should be more than just a buzzword for companies. And, on the surface, it looks like progress is being made. For example, LinkedIn data shows there has been a 71% increase in worldwide D&I roles in the past five years. But while many companies and HR leaders would […]
6 Reasons to make an accessible savings a priority
You may have already read Daniel’s story, which illustrates one of the many reasons individuals are trying to build accessible savings (you can call them emergency savings or personal savings too). In short, it comes down to the idea of dignity and self-determination, not just preparing for the unexpected. But if you’re an employer, why […]
