The fastest-growing use of employee assistance programs (EAPs) has been tied to employees’ financial worries.
Financial Wellness Education
COVID-19 seriously impacted employee mental health. Many need your help more than ever. Here’s what’s changed – and what HR can do. Mental and behavioral health requests jumped 100% since the onset of the pandemic, according to research from TouchCare. The pandemic apparently hit one generation particularly hard: Gen Z increased its use of mental […]
Benefits pros are probably tired of hearing about the Great Resignation. After all, you’re doing everything in your power to provide the best benefits package you can to help HR retain and attract employees. But is financial well-being part of these packages? If not, it needs to be. And the reason is simple: Financial issues […]
Financial worry is a leading cause of workplace stress. Here are 3 great ways Benefit teams can help.
As an Benefits pros, one of the busiest times of your year is likely open enrollment. You’ve got employees asking you a thousand questions a day, from general FAQs like “what is an HDHP?” to more personal asks such as “which plan is right for me?” To offer one-on-one guidance at scale, many leading employers […]
The HRMorning team joined 20,000 other HR pros at the Society for Human Resource Management’s annual conference and expo in Las Vegas June 23 – 26. Here’s some of what we learned about employee financial wellness benefits programs. Helping employees achieve and maintain financial wellness was a hot topic at the SHRM conference as employers […]
Your workforce carries higher education debt than you think. Sixty-five percent of college-educated Americans are managing student loan payments right now. On average, they owe $37,113, according to Credit Summit. Carrying a financial burden that heavy can impact employee wellbeing and productivity. Especially when COVID-19 federal relief benefits eventually will expire. What employers can do […]
Thanks to the pandemic, people are hyper-focused on their physical and mental well-being. However, they’re also laser-focused on their financial well-being. Why? Because it’s stressing them out. And with people jumping ship left and right for higher paying and better jobs, what can you do? Well, like most companies surviving a pandemic, you probably don’t […]
At Benefitfocus, our Benefits & Wellness group is working hard to keep our employees engaged and productive while they work from home during this crisis. It starts with trust The foundation of our company culture is trust and that has never been more important than now, when everyone is scared and uncertain about their work […]
If you don’t already offer employees the benefit of having some type of workplace savings program, you might want to consider it asap. Here’s why: In a new study, 50% of employees who don’t have access to a workplace savings scheme want one and would partake in it if their employer offered it. We keep […]
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