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Financial wellness programs are expanding to include personalized financialplanning, budgeting tools and educational resources. Other opportunities include student loan assistance, debt management programs, and employee assistance programs that provide financialcounseling.
Financial Wellness Programs Financial stress can significantly impact an employee’s performance and satisfaction. Paid Time Off and Parental Leave Generous paid time off (PTO) policies and parental leave options are highly valued perks.
Employee assistance programs (EAPs) provide confidential counseling services to help employees navigate personal and work-related challenges. These programs often cover a range of issues, from stress management to financialcounseling.
Here's how: Reduced financial stress: Benefits like health insurance, retirementplans, and paid time off provide a financial safety net, alleviating stress and anxiety about unforeseen medical bills, future security, and taking a break.
According to a 2022 survey by the Society for Human Resource Management, only 21% of employers currently offer non-retirementfinancial benefits. However, companies are increasingly recognizing the importance of addressing their employees’ financial well-being beyond retirementplanning.
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