This is a critical time of the year. First you have Black Friday, then Small Business Saturday, then Cyber Monday, then Giving Tuesday, and you get the picture. And after the holidays are over, it’s prep time for tax season. There’s financial information being sent back and forth everywhere! Between all the online and in-person […]
Human Resources is at the front lines of employers’ response to the COVID-19 crisis. The crisis is forcing almost every business to immediately develop, adapt or improve remote work policies and procedures. As HR pros struggle to keep employees safe and informed, it helps to think about what changes will be more permanent and how […]
The pandemic was a huge financial stress on many people. So, offering benefits, like emergency savings accounts funded by payroll deductions, is growing in popularity and one way you can help employees. Recent research shows that 37% of U.S. households couldn’t come up with $400 for an emergency expense if necessary, and 52% of mid-income […]
The pandemic was and still is a source of great financial stress for many people. And like we’ve mentioned before, employees who are focused on personal financial problems aren’t focused on their work. So why are we still talking about this? Because financial stress is still taking a toll on employees’ physical and mental health. […]
Good news! While employees think it’s an employer’s responsibility to help them improve their overall well-being, they also think you’re doing a good job of it! Specifically, 31% believe their employers’ efforts have increased since the start of the pandemic, and 60% believe they’ve stayed the same. That’s according to The 2021 Workplace Wellness Survey […]
The Small Business Administration (SBA) says it will “promptly” release new forgiveness rules and guidance for firms. Why? A new Paycheck Protection Program (PPP) bill that eases some restrictions for small employers is becoming a law. Originally, the PPP loans could be forgiven if an employer followed the 75/25 rule: 75% of the loan proceeds […]
Since the feds replenished the Paycheck Protection Program (PPP) in May, many more small employers have requested the forgivable coronavirus-relief loans. And now, the feds have issued a new round of guidance on what makes the loan forgivable. Forgiveness applications On May 15, the Small Business Administration (SBA), which is administering the loans, released its […]
We’ve told you over the past few years how stressed employees are about their finances, and how worrying about their personal financial issues at work takes their attention away from their jobs. But now that we’re seeing light at the end of the pandemic tunnel, will 2022 be the year that employees relax a little […]
Is this statement true or false: One-quarter of full-time workers say they’re struggling financially. It’s true, according to Ramsey Solutions’ SmartDollar Employee Benefits Study, conducted between Jan. 10 – 25, 2022. The study surveyed 3,000 full-time U.S. workers, who were employed by companies with 25 to 3,000 employees and who received benefits through them. It […]
Financial wellness programs are more important than ever. Why? Because happy employees create happy customers – in fact, according to Gallup, organizations that excel in engaging their employees achieve average earnings-per-share growth that is more than four times that of their competitors. Meanwhile, researchers are telling us that financial stress has emerged as the number […]
Business is looking up and firms are looking to increase benefits offerings. In fact, over 90% of businesses plan to increase at least one benefit next year. Small- to medium-sized firms are increasing their focus on “key employee well-being initiatives.” They’re finding these benefits help them cope with pandemic fluctuations and make them more competitive. […]
Employees can’t be emotionally confident unless they’re financially confident. This is especially true with women, who identify as less emotionally and financially confident than men, according to a Guardian study. And employees who aren’t emotionally and financially confident aren’t doing their best work. That’s because financially confident employees take financial steps to fulfill the goals […]
The fastest-growing use of employee assistance programs (EAPs) has been tied to employees’ financial worries.
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