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For employers, the period following tax season is one of the best times to communicate with employees about improving their financial health, especially as it relates to taxes. Related: Want to improve employee financial wellness? Sign up for our webinar. Money is on their minds.
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. The survey found that financial stress also affected other areas of employees’ lives such as their sleep, mental health, self-esteem, and physical health.
It provides a range of features and tools that enable users to track their financial goals, budgets, investments, and overall financial well-being. This software can be used by individuals seeking to improve their personal finances or by employers looking to support the financial wellness of their employees.
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.
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 financialcounseling.
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. Get advice from HR pros in our upcoming webinar.
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