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Financialcounseling , especially from professionals, can help people understand and manage the first two. What employers offer for insurance and benefitspackages is crucial for long-term financial wellness as retirement accounts and employer contributions come into play. Americans need help with their finances.
To prevent productivity loss, turnover and employee dissatisfaction, employers across industries are doubling down on wellness programs and integrating support services that promote financial health as well. Those that choose to meet with a counselor can move forward with a road map toward financial stability.
Employee assistance programs (EAPs) provide confidential counseling services to help employees navigate personal and work-related challenges. These programs often cover a range of issues, from stress management to financialcounseling.
People love employers that support their financial wellbeing with targeted plans and coaching designed to help employees buy a home, complete their education, get married, become a parent, or deal with childcare and education. Q: What are some examples of financial wellness programs?
Beyond the paycheck: how employee benefit makes them happier A competitive salary is essential to attract and retain top talent. Comprehensive employee benefitpackages are increasingly becoming a deciding factor in job satisfaction and happiness. This fosters a healthier work-life balance and reduces stress.
Customizable Packages Design benefitspackages that are modular and customizable. Allow employees to choose from a menu of benefits based on their individual preferences and priorities. This may involve offering retirement savings plans, financialcounseling services, or student loan assistance programs.
Providing opportunities for skill development, attending training programs, workshops, or conferences, and supporting further education can enhance their knowledge and capabilities. Not only does this benefit employees personally and professionally, but it also demonstrates the organization's commitment to their long-term success.
As we enter 2025, companies are facing a workforce that demands personalization, adaptability, and inclusivity in their benefits offerings. According to a recent survey , 31% of respondents said they wanted more flexibility and options when it came to their benefitspackage. Learn more here.
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