The latest push on financial wellness has many advisers and employers alike doubting if it’s just another trend. The context is important, especially as Financial Literacy Month winds to a close. Over the past decade, we’ve seen a flourish of employee benefits take root. A competitive labor market combined with integrations with payroll and other […]
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Breaking the Paycheck to Paycheck Cycle
With costs on the rise and wages not keeping up, it’s more challenging than ever for people to stay afloat, let alone save money. However, there are solutions.
Why Christmas Clubs Went Away and How They’re Making a Comeback
Christmas Clubs, once a popular way for employees to save for the holidays, declined due to legal complexities. Now, emergency savings platforms are reviving them, allowing workers to save conveniently and safely through payroll deductions.
Incentivizing Employees with Savings-Based Performance Rewards in QSRs
Integrating emergency savings accounts into employee incentive programs represents a powerful strategy for QSR businesses aiming to boost employee morale, performance, and retention.
Impact of Financial Pressures on Workplace Performance
The silent undercurrent of financial pressures in the workplace has been laid bare, revealing a pervasive issue across all income brackets and job titles. The weight of financial worries can significantly impair an employee’s mental health, leading to anxiety, depression, and a cascade of cognitive challenges.
Workplace ESAs vs. Salary Increases: The Smart Financial Approach
Employees often leverage salary increment percentages in negotiations to secure a more substantial rate of remuneration. Traditional compensation strategies have favored salary increments as a means to acknowledge employees and enhance their economic standing. Yet, a higher salary by itself might not ensure enduring financial solidity.