Financial literacy awareness, if done right, can help change the wealth trajectory of America’s workers and set them on a course for a comfortable retirement. Whether it is inside or outside of the 401k financial literacy awareness programs help employees’ comprehension of basic financial concepts, so they can manage their money better. It appears debt
A growing number of companies are paying employees to get their financial lives in order, reflecting concern over the impact money problems are having on employees’ stress and productivity levels. Aetna Inc., AET -1.27% Pitt Ohio LLC, SunTrust Banks Inc. STI -0.10% and others are handing out cash and other inducements to workers who take steps to shore up their finances by reducing debt,
The markets might be casting a rosy glow over the economy, but employees aren’t feeling the love. In fact, after several years of steady improvement, according to a new survey by Willis Towers Watson, their feelings have taken a sharp turn south. Findings from the biennial 2017 Global Benefits Attitudes Survey indicate that just a bit more
Undue stress has a negative effect on health and a net-negative effect on the workplace. Certified Employee Benefits Specialist Stephen Miller cited a number of studies around the effects of financial stress on the workplace in his 2016 SHRM report “Employees’ Financial Issues Affect Their Job Performance.” When employees are stressed, they are more likely
What this means is that companies are starting to show more compassion towards their staff by being more proactive when it comes to ensuring employees are more educated on financial matters and long-term financial planning. Some companies are bringing in counselors to speak with their employees about their finances and their strategies for the future.