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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

Greater employee participation and 401(k) contributions. Reduced Human Resources costs, not having to deal with processing wage garnishments and requests for payroll advances and 401(k) loans, etc. Reduced exposure to future litigation based on fiduciary liability as fewer retirees have financial problems.

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How HR Can Help Employees Facing Financial Hardship?

Hppy

Financial Education and Resources Research indicates that offering financial education and resources in the workplace can yield significant benefits for both employers and employees. Encouraging employees to save and invest wisely can be part of a broader financial wellness program.

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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

Liz Supinksi , Society for Human Resource Management Source: Bank of America Some companies have cracked the code to their employee's financial wellbeing by taking a total rewards approach toward long-term wealth creation. Supplemental income includes stock options, 401 (k) plans, bonuses, etc.