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5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

The cost of replacing an employee can range anywhere from six to nine months’ salary, according to data from SHRM. Retirement planning is one of the most common employee benefits offered by employers, specifically a 401(k) matching plan. Employer-sponsered emergency savings accounts may be funded similarly to 401(k) accounts.

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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

Some of the increased health concerns reported [3] : Back Pain (51%) Headaches (44%) Insomnia (39%) Blood Pressure (33%) Stomach Ulcers (27%) Heart Attacks (6%) Severe Anxiety (29%) Severe Depression (23%) Financial stress takes a toll on health and trickles into our overall lifestyle and well-being. Reduced pressure to increase salaries.

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How HR Can Help Employees Facing Financial Hardship?

Hppy

Flexible Compensation and Benefits HR can explore flexible compensation options such as advances on salaries or the ability to cash out unused paid time off (PTO). In times of immediate need, employees may require access to a portion of their upcoming salary to cover unexpected expenses.

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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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Prioritize Financial Well-being in the Workplace

Empuls

In an uncertain political and economic climate, where a sizeable proportion of the global workforce faces in-work poverty, the standard wages offered by companies aren't enough to alleviate the financial strain on employees. 💡 71% feel the cost of living is outpacing growth in their salary or wages.