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5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

Offer competitive, matched retirement planning options. 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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5 Financial Steps to Support Employees in 2022

Best Money Moves

According to a study conducted by the Department of Labor, only 40% of Americans have calculated the amount they need to save for retirement. Employers can emphasize this by using 401(k) or other retirement plans. Employers that utilize these plans are desirable to potential new hires.

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Fostering Financial Literacy in the Workplace

Hppy

However, in today’s modern workplace, equipping employees with the know-how they need to make informed decisions regarding various aspects of their financial lives is often neglected. Personal financial advice: Money matters often require a personalized approach, especially as everyone’s situation is different.

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Prioritize Financial Well-being in the Workplace

Empuls

Supplemental pay – This offering shows the workforce that the company is committed to charting a path to their employees' financial wellbeing. Supplemental income includes stock options, 401 (k) plans, bonuses, etc. Q: How can employers evaluate the financial wellbeing of their staff?

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How HR Can Help Employees Facing Financial Hardship?

Hppy

According to a 2022 survey by the Society for Human Resource Management, only 21% of employers currently offer non-retirement financial benefits. However, companies are increasingly recognizing the importance of addressing their employees’ financial well-being beyond retirement planning.

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Three Financial Wellness Email Templates

Flimp Communications

(When employees feel good about their finances, they are statistically happier — 84% vs. 55% — and more engaged — 78% vs. 53% — than their financially stressed counterparts. There are many ways to promote financial wellness in the workplace , such as offering free financial counseling or access to budgeting apps.