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5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

5 benefits for employers to retain and attract top talent. High turnover creates an expensive problem for employers and stressful environment for employees. The cost of replacing an employee can range anywhere from six to nine months’ salary, according to data from SHRM. Offer competitive, matched retirement planning options.

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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

Financial Education and Resources Research indicates that offering financial education and resources in the workplace can yield significant benefits for both employers and employees. These experts can delve into topics such as managing credit, creating emergency funds, and setting long-term financial goals.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

  But where exactly does each chunk of your hard-earned salary end up?    This isn't just a budgeting question – it's a question of understanding your financial reality.   Retirement savings plans : Employer-sponsored retirement plans with matching contributions are highly valued.

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Strength Through Financial Wellness

Flimp Communications

And then there’s financial wellness, which impacts everything, including physical, mental and emotional wellbeing. How can employers and HR managers help employees perform the crucial tasks, such as budgeting, that lead to better financial security? Five Elements of Financial Wellness.

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Prioritize Financial Well-being in the Workplace

Empuls

💡 "Financial distress (a symptom of poor financial wellbeing has important implications for employee wellbeing and performance. 💡 71% feel the cost of living is outpacing growth in their salary or wages. This has an impact on employees' overall feeling of financial wellness. What Why How 1.

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It’s a Match! How to Create an Equitable Compensation System That Fits You

HR Digest

The Mercer QuickPulse US Compensation Planning Survey of August 2023 found that employers are planning a 3.9 Apollo Technical reports that 39 percent of those considering job changes are motivated by higher salaries. percent increase in their total compensation budgets for 2024. Those who feel unfairly compensated move on.