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5 Surprising Symptoms of Financial Stress (And 5 Helpful Solutions)

Best Money Moves

However the way that stress manifests often comes as a surprise to employers. The Qualified Plan Advisors’ 2024 Financial Wellness Survey found that 68 percent of the American workforce experiences financial stress, with respondents reporting a surprising range of negative symptoms. 31% of employees struggle with sleep disturbances.

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Most Americans live paycheck-to-paycheck. Here’s how employers can help

Best Money Moves

Here’s how employers can help. What can employers do to help their teams? At every budget, there are ways institute financial wellness programming and resources, whether it be tax filing workshops or retirement planning seminars. . Here’s how employers can help first appeared on Best Money Moves.

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Employee Cost: How to Calculate the Cost of an Employee?

HR Lineup

Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation. Direct Costs of Employment Direct costs are the most obvious expenses related to employing staff, encompassing elements directly tied to compensation.

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3 Ways Financial Stress Impacts Different Generations

Best Money Moves

For instance, to target Millennials and Gen Z, consider offering digital financial wellness tools and resources, instead of relying on literature and seminars. For many employees, a common source for retirement and financial advice for employees is their retirement plan provider.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Employers should trust the default fund and instead, the language of communications should focus on funding a good pension pot.

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Strategies for Successful Investing

Money Talk

Others have been investing money for decades through their employer retirement savings plan or on their own. I count myself in the later camp and have been an investor for four decades both on my own and in an employer 403(b) plan. Some people have recently started to invest for the first time.

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How can employers nudge staff into saving more into their pensions?

Employee Benefits

Credit: Stephen Barnes/Shutterstock Need to know: Employers should seek to understand the competing priorities that might stop individuals saving for retirement. So, what can employers do to encourage staff to save more? The post How can employers nudge staff into saving more into their pensions?

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