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5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

Retirement planning is one of the most common employee benefits offered by employers, specifically a 401(k) matching plan. According to a study by SHRM and Morgan Stanley, the most important financial wellness benefit for employees was retirement planning. Here are the 5 best benefits to help retain and attract top talent.

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5 Financial Steps to Support Employees in 2022

Best Money Moves

Consider these 5 suggestions for bringing financial wellness to your workforce in 2022, as well as why these steps are good for employers as well as employees. According to a 2021 Capital One CreditWise survey , 73 percent of Americans rank their finances as the most significant source of stress in their life.

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Financial Wellness Series Part Three – The Link Between Financial Stress, Health and What Employers Can Offer to Have an Impact

AssuredPartners

Presenteeism : 46% of financially stressed employees spend three or more hours a week thinking about, or dealing with, personal financial issues at work [6]. Turnover : Financially stressed employees are more apt to change jobs often, looking for short-term gains to improve their immediate finances. 14] Garmon 1997.

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How HR Can Help Employees Facing Financial Hardship?

Hppy

Employees who have access to financial education and tools, including videos, classes, and coaching, are more likely to increase savings and feel less overwhelmed by debt. These programs not only support individuals in managing their day-to-day finances but also contribute to their long-term financial security.

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Strength Through Financial Wellness

Flimp Communications

There are five basic contributors to financial wellness. Financial counseling , especially from professionals, can help people understand and manage the first two. What employers offer for insurance and benefits packages is crucial for long-term financial wellness as retirement accounts and employer contributions come into play.

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Support Your Employees’ Financial Health

eni

Financial Counseling – Connecting employees with Financial Professionals allows them to seek guidance as they experience specific challenges. Those that choose to meet with a counselor can move forward with a road map toward financial stability.

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Prioritize Financial Well-being in the Workplace

Empuls

  💡 45% of workers say their finances pose a distraction at work. Source : PwC ) What is financial wellbeing? Financial wellbeing refers to being secure and in control of your finances, both in the present and future. Supplemental income includes stock options, 401 (k) plans, bonuses, etc.