Employee recruitment and training costs can be huge, so retaining talented staff is a key priority. Small businesses can improve job satisfaction and loyalty by providing financial wellness programs and reducing turnover and related costs.
benefits
How to Address Employee Financial Stress: Enhancing Benefits to Retain Talent
Amid reports of soaring financial concerns among workers, revamping employee benefits is a necessity. Here, we will explore actionable strategies that can help alleviate employee financial stress and, in turn, bolster your company’s competitive edge. The Current State of Financial Stress in the Workplace Employees’ financial well-being has become a focal point for organizations as […]
Leveraging Behavioral Economics for Employee Benefit Plan Strategies
In today’s competitive business landscape, employee satisfaction and retention are more than just HR buzzwords—they are essential to a successful company. Business goals often hinge on the happiness and productivity of the workforce. That’s where effective employee benefit plan strategies come into play. By integrating the nuanced insights of behavioral economics into your employee benefits […]
SECURE Act 2.0: A Blueprint for Enhanced Employee Benefits Packages
In an evolving corporate landscape, employee benefits packages have taken center stage in pursuing financial resilience, productivity, and retention within the workforce. The narrative has changed with the introduction of the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, expanding pathways for retirement savings and setting a new precedent for financial wellness initiatives. […]
What to ask in a workplace emergency savings program RFP
Workplace emergency savings accounts (or ESAs as they’re starting to be known) have rapidly become the top requested financial benefit for most working Americans. It’s easy to understand why when 53% of Americans don’t have any emergency funds according to CNBC Your Money Financial Confidence Survey and nearly 40% would struggle to handle a $400 […]
A Guide to DEI Initiatives in the Workplace
Sustainable DEI change requires both commitment and deliberate action; closing the gap to turn the intangible into actionable DEI initiatives and supporting equity and fairness in the workplace. In order to get there, organizations need to understand the fundamentals of diversity, equity, and inclusion – and how to instill the values of DEI within the […]