Employee Benefits

SEPTEMBER 16, 2024

But if the cost-of-living crisis has brought any benefits, one of the main ones must be employers’ greater focus on employees’ financial wellbeing. Office for National Statistics’ figures show that real average UK earnings fell between 2019 and 2023 and survey after survey has shown the impact of financial pressures.

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Best Money Moves

OCTOBER 7, 2021

5 financial steps to support employees in 2022. Consider these 5 suggestions for bringing financial wellness to your workforce in 2022, as well as why these steps are good for employers as well as employees. There are programs employers can offer such as a rainy day savings account program that can help ease these issues.

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Best Money Moves

DECEMBER 5, 2023

Financial wellness programs are expanding to include personalized financial planning, budgeting tools and educational resources. Other opportunities include student loan assistance, debt management programs, and employee assistance programs that provide financial counseling.

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Total Employee Benefits

OCTOBER 1, 2021

And with the cost of employee benefits rising, many employers are looking for proactive ways to improve the overall well-being of their employees. In 2021 and beyond, employee well-being programs will be an essential benefit that can no longer be ignored by employers of any size. Here are some tips for starting your own success story.

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Flimp Communications

MARCH 4, 2020

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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401(k) Financial Counseling Benefits Package Finance 81

eni

OCTOBER 18, 2018

Individuals, regardless of age, may be facing financial burdens ranging from large healthcare bills or credit card debt, to a lack of experience with budgeting and financial planning. Financial well-being is a variable concept, though, leaving some employers wondering how they can assist all employees with so many different concerns.

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Hppy

MARCH 28, 2023

Employers who prioritize work-life balance benefit not only their employees, but also their bottom line. In addition to offering flexibility, companies can also provide employee-centric benefits, like financial counseling. One way to demonstrate this commitment is by offering flexible hours.

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Empuls

SEPTEMBER 20, 2024

Types of Profit-Sharing Plans There are three main types of profit-sharing plans: Current Profit-Sharing Plan: Employers pay remuneration when allocating profit, usually annually, providing instant gratification to employees.

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HR Digest

AUGUST 1, 2019

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. With the unemployment rate dropping to 3.6 percent - the lowest rate since December 1969, and the U.S. While some businesses, like JPMorgan Chase & Co.,

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Health and Welfare Benefits Package Financial Counseling Parental Leave 81

PeopleStrategy

MARCH 11, 2024

Employee financial wellness centers on providing employees with the necessary knowledge and tools to handle their personal finances with confidence. Research indicates that a significant portion of the workforce lacks a robust emergency fund, highlighting the need for employers to step in and bridge this crucial knowledge gap.

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Financial Counseling Retirement Plan Education Finance 52

Winston Benefits

DECEMBER 19, 2017

Hot in 2017, financial benefits are likely to continue to be popular in the coming year. The idea of “financial wellness” is catching on, and more employers are providing benefits that help employees save for college, address debt and plan for their financial futures. Hedging on the ACA. Increased Reliance on Technology.

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Empuls

MARCH 20, 2023

When your employer temporarily or permanently lets you go from your job, it can lead to financial hardship and a loss of your sense of self. Knowing your rights during a layoff is paramount for ensuring your financial future and knowing your legal options. Getting laid off is a stressful and sometimes traumatic experience.

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Higginbotham

MAY 21, 2024

If employers want to help foster a healthy and productive workforce, they also need to promote mental health. Because mental health issues are so prevalent, employee mental health should be a priority for all employers. By supporting mental health, employers may be able to contain costs. percent of U.S.

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Higginbotham

DECEMBER 26, 2022

As an employer, you can support your workers by providing employee health benefits that include substance abuse insurance. This gives employers a strong incentive to keep their workplaces drug free. Employers cannot discriminate against someone who has a history of addiction but is not currently using. Essential Health Benefits.

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Insurance Employee Benefits Health Insurance Financial Counseling 52

Business Management Daily

DECEMBER 9, 2020

Employers interested in boosting retention should pay particular attention to new hires during their first 90 days on the job. Areas employers often focus on when telling their story include: Origin: How the business got started and who created it. Make your story part of the onboarding process.

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Empuls

FEBRUARY 26, 2024

Benefits of hybrid work arrangements for employees and employers The adoption of hybrid work models, combining both in-office and remote work, has emerged as a popular solution that offers benefits to both employees and employers. These programs often cover a range of issues, from stress management to financial counseling.

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Empuls

DECEMBER 29, 2022

💡 "Financial distress (a symptom of poor financial wellbeing has important implications for employee wellbeing and performance. But it goes beyond the employee's financial position; it's also about the employer's mindset towards their employees and their attention towards the things that matter most to them.

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Hppy

OCTOBER 24, 2023

Financial Education and Resources Research indicates that offering financial education and resources in the workplace can yield significant benefits for both employers and employees. According to a 2022 survey by the Society for Human Resource Management, only 21% of employers currently offer non-retirement financial benefits.

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401(k) Human Resources Financial Counseling Education 36

Empuls

APRIL 22, 2024

  Why employee benefit matter  According to a Society for Human Resource Management study, 60% of employees prioritize employee benefit when deciding to stay with their current employer.   Retirement savings plans : Employer-sponsored retirement plans with matching contributions are highly valued.

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Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

HR Digest

NOVEMBER 9, 2023

The Mercer QuickPulse US Compensation Planning Survey of August 2023 found that employers are planning a 3.9 Financial Support Include benefits that address employees’ financial well-being. This may involve offering retirement savings plans, financial counseling services, or student loan assistance programs.

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Compensation System Family and Medical Leave Act Salary Parental Leave 52

Empuls

OCTOBER 11, 2023

Sabbaticals A sabbatical is an extended period of leave with continued employment, often granted after several years of service. Financial counseling Offer financial planning and counseling services to help employees manage their finances.

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Bonuses Retail Food Benefits Package 40

Insperity

FEBRUARY 27, 2018

Here are nine unconventional – and inexpensive – ideas for employee incentives that can help create a positive atmosphere and position your business as an employer of choice. If your business is a financial firm, you could offer one hour of complimentary financial counseling each year to every employee.

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Flimp Communications

JANUARY 21, 2025

Each tool or app has a role in helping employees become their best selves and helping employers achieve the many benefits of a corporate wellness program among them, increased productivity , higher engagement levels, less absenteeism, and lower healthcare costs. Effective corporate wellness programs comprise an array of software solutions.

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WEX Inc.

JANUARY 21, 2025

Flexible benefits packages that include options such as health savings accounts (HSAs) , employer-matched retirement contributions, and financial counseling can help employees achieve stability and peace of mind. Moreover, a strong benefits package can enhance employer branding, making the company more attractive to top talent.

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Flimp Communications

OCTOBER 25, 2024

Helping employees keep their distracting financial anxiety at bay is a vital part of that — and one reason so many employers are investing in financial wellness programs. There are many ways to promote financial wellness in the workplace , such as offering free financial counseling or access to budgeting apps.

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Money Talk

NOVEMBER 27, 2024

I recently returned home from the 2024 Symposium of my professional “home,” the Association for Financial Counseling and Planning Education® or AFCPE®. This conference serves an amazing mix of researchers, practitioners, and educators whose work positively impacts the financial wellness of U.S. There are about 63 million U.S.

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