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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. Ask what they’re struggling with.
job market the tightest it has been in half a century, humanresources managers are struggling to attract and retain top talent. Amazon, Costco and Walmart, have bumped paychecks, Glassdoor’s Employment Confidence Survey found that 4 in 5 employees would choose additional benefits over a pay raise.
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.
Comprehensive employee benefitpackages are increasingly becoming a deciding factor in job satisfaction and happiness. This highlights the importance of a strong benefitpackage in retaining valuable talent. Studies consistently show a strong correlation between employee benefit and overall well-being.
Liz Supinksi , Society for HumanResource 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. Q: How can employers evaluate the financial wellbeing of their staff?
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