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LifeWorks (now TELUS Health) Overview: LifeWorks (rebranded as TELUS Health) is a global EAP provider offering a full spectrum of employee well-being servicesfrom mental health support to legal and financialcounseling. 10 Best EAP Providers in 2025 1. Its known for a user-friendly interface and lightning-fast access to care.
Offer FinancialCounseling Services. Many people find that financial issues cause them the most stress. Promoting financial wellness and addressing the negative effects of money-related stress on employees is often overlooked by companies when they seek to lessen the stress level of their workforce.
I recently attended the 2023 Association for FinancialCounseling and Planning Education (AFCPE) Symposium along with over 600 financial educators, researchers, planners, counselors, and other practitioners. Financial Biases - People have many biases that affect their financial behavior.
Last week, I attended the virtual 2021 AFCPE (Association for FinancialCounseling and Planning Education) Symposium for financial educators, planners, counselors, coaches, researchers, and content creators worldwide. Consequences include debt, destroyed relationships, wasted time, and diminished social lives.
One of the great features of the annual Association for FinancialCounseling and Planning Education (AFCPE) Symposium is that AFCPE now makes video recordings of all of the breakout sessions and makes them available to attendees for a year. Other principles of effective financial education are 1. Also, the U.S.
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? If you plan to send a lengthy email littered with financial jargon, think again.
Helping your companys employees get a handle on their financial anxieties will help improve their focus and engagement at work, which, in turn, will lead to higher productivity, improved morale, and a healthier bottom line for your organization. Related: Three Financial Wellness Email Templates. Its great for your organization.
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. lacking financial literacy, this is a pressing issue that needs to be addressed. With almost 50% of the adult population in the U.S.
What is Financial Wellness Software? Financial wellness software is a digital solution designed to help individuals and organizations assess, improve, and maintain their financial health. Enrich Enrich is designed to help employees achieve financial wellness by providing them with personalized financial advice and resources.
4 things you’re missing about employee financial stress. Don’t overlook these important insights about how employee financial stress harms American workers. When it comes to employee financial stress, employers and employees aren’t always on the same page. Employees don’t have long-term financial security.
Offering the service of financial coaches adds a personal touch to the offered benefits and lets employees know that their specific needs are met. Best Money Moves can help your employees address their financial stress and improve your retention in the new year. Retain and attract top talent with these 5 standout benefits.
From mental health programs and emotional support groups to financialcounseling sessions on how best to manage their money – there are many ways that companies can help make life better for their people. Employee wellness used to mean providing comprehensive healthcare benefits, but now it’s so much more.
The role of debt management and financialcounseling in collections In addition to collecting payments, collectors often play a crucial role in debt management and financialcounseling. They have the opportunity to provide guidance and support to customers who may be struggling financially.
Below are my ten key take-aways from the 2022 AFCPE Symposium: AFC Certification Milestone - The AFCPE accredited financial counselor (AFC®) certification began in 1992 and celebrated its 30 th anniversary. A job analysis is conducted every five years to make sure the AFC® is in synch with the work of real life financial practitioners.
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 financialcounseling.
By holding monthly financial update meetings since 2016, the company tracked its budget against expenses and profits across various divisions like snow removal and landscaping. A study found that McDonald's and Burger King offer similar salaries for comparable positions, with crew members averaging $10.29 and $10.51
There are five basic contributors to financial wellness. Financialcounseling , especially from professionals, can help people understand and manage the first two. What employers offer for insurance and benefits packages is crucial for long-term financial wellness as retirement accounts and employer contributions come into play.
Thankfully, employees’ financial wellbeing can be supported in all sorts of ways without breaking the bank, as we have seen here at Wolseley. Increasingly, pension providers enable access to discounted financial advice, paid for from members’ pension pots.
In addition to offering flexibility, companies can also provide employee-centric benefits, like financialcounseling. Creating an effective and efficient hiring process is crucial for any company looking to attract and retain top talent. Applicants can also use these tools to stand out from the competition.
We offer comprehensive medical and retirement benefits that provide financial protection to our team members and their families. We provide all our team members with a robust Employee Assistance Program that helps individuals address personal issues but also provides resources for self-improvement, financialcounseling and free visits.
Wellness Challenges – Infuse an element of friendly competition by organizing financial wellness challenges. Employee Assistance Programs (EAPs) – Collaborate with EAP providers to integrate financialcounseling services into your wellness programs.
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.
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. More ‘Consumer’ Benefits. In 2018, it will remain important for employers to stay up-to-date on any legislative changes. Increased Reliance on Technology.
Financial wellness benefits could include programs like retirement plans , life insurance , disability insurance , student loan repayment assistance and financialcounseling. When it comes to employee well-being, physical health is only half of the equation. Anxiety disorders are particularly common, impacting 19.1
This captive audience craves information about their new workplace, so give it to them! Present what makes your company unique – its history, mission, operations, people, and aspirations. Help new hires understand how they will contribute to this legacy. This includes whether or they feel confident in their decision to work there.
For example, EAPs may help employees access childcare, legal services, and financialcounseling. EAPs can also help employees access counseling and assistance with mental health and substance use disorders. In the SAMHSA survey, 21.0 percent of people had both a mental illness and substance use disorder.
7 Employee benefits trends that will reshape work life in the future The concept of employee benefits is no longer confined to the tangible; it now extends into the intangible realms of mental health support, work-life balance, and financial wellbeing.
In today’s rapidly changing economic landscape, financial hardships can strike anyone, including your valued employees. In this comprehensive article, we’ll explore how HR can play a pivotal role in assisting employees facing financial difficulties, emphasizing empathy, flexibility, and creative solutions.
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. Why is financial wellbeing important? Financial wellbeing is the biggest driver of retention and employee engagement.
The Mercer QuickPulse US Compensation Planning Survey of August 2023 found that employers are planning a 3.9 percent increase in their total compensation budgets for 2024. While the numbers are lower than last year, many employees still stand to gain from these plans. Building such a structure requires an understanding of why it is necessary.
This isn't just a budgeting question – it's a question of understanding your financial reality. adults lose sleep due to financial anxieties. Sleep deprivation : Around 77% of U.S. adults lose sleep due to financial anxieties. The never-ending disappearing act: where does your paycheck go?
Performance rewards or bonuses provide employees with a direct financial incentive for their exceptional efforts and contributions. This approach aligns employees' interests with the financial success of the organization. These bonuses can be one-time payments or part of a structured incentive program.
As I noted last week , I slowly made my way since last December through over a dozen video recordings of presentations made at the 2023 Association for FinancialCounseling and Planning Education (AFCPE) Symposium. It does not endorse specific products or services and should not be construed as legal or financial advice.
Financialcounseling: Parents need information about paying for college and access to savings plans. Some employees may need time off to take their parents to doctor’s appointments. Continue to offer parents of older children the same flexibility you give new parents. Only consider this if it is appropriate for your work environment.
If your business is a financial firm, you could offer one hour of complimentary financialcounseling each year to every employee. They’re a great way to encourage employees to consistently learn, grow and improve their performance. Concierge services. Or piglets, or calves, or ducklings – basically any baby animals.
How to participate in wellness program offerings, mental health benefits, financialcounseling, and other non-traditional benefits. Open enrollment isn’t just about making choices. It’s about education. To make better decisions, employees need to understand their benefit options. There’s a lot of material to cover.
An Employee Wellness Portal or Microsite Wellness program components can include everything from group challenges to financialcounseling to healthy eating guides. In IT terminology, this collection of tools, apps, and software might be called a tech stack or software stack.
Financial wellness as a cornerstone Economic uncertainties and the rising cost of living have pushed financial wellness to the forefront of benefits discussions. For legal, tax or investment advice, you should consult your own legal counsel, tax and investment advisers. It is not legal, tax or investment advice.
Nearly two-thirds of Americans don’t think their finances will improve this year , and three-quarters are anxious about their financial situation. Related: Five Financial Wellness Ideas for Your Employee Wellness Program. “Will I lose it all?” And, for many people, these do not feel like the best of times. This is where you come in.
I recently returned home from the 2024 Symposium of my professional “home,” the Association for FinancialCounseling 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.
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