If you’ve ever had to live paycheck-to-paycheck, where you’ve been challenged to manage all of your financial obligations between pay dates, and every dollar you earn is designated for payment of some bill (many of which are already overdue), you know how stressful this can be. And it can be even harder to dig out,[...]
daily pay, financial wellness
reducing turnover rate, turnover rate, what employees want, employee benefits, Employee Retention, Employee Turnover, financial wellness, how to help employees, new benefits, Recruiting, reduce turnover, employee loyalty
To quote The Atlantic, “we are living in an Age of Peak Perk.”
If you want to attract top-tier talent and hold onto them, then offering competitive benefits that support overall happiness and well-being is an absolute must. Happy workers make for more successful companies. According to research, happy employees[...]
reducing turnover rate, turnover rate, wage growth, what employees want, Employee Retention, Employee Turnover, financial wellness, how to help employees, reduce turnover, employee loyalty
Hiring people is hard work, and it’s getting harder. The unemployment rate is extremely low (4.1%) and going down.
turnover rate, wage growth, what employees want, absenteeism, financial wellness, how to help employees, improve engagement, employee loyalty
THE COSTS OF ABSENTEEISM
Employee absenteeism isn’t cheap. According to a study done by Circadian, absenteeism among hourly workers costs $2,660 per employee per year. For companies employing 500 hourly workers, that amounts to $1,330,000 per year in direct absenteeism costs.
turnover rate, financial wellness, financial literacy
Why are we talking about financial wellness benefits?
Profit & Loss is the bedrock of decision making in business. If your investments aren’t yielding desirable results, then you have to change your approach.
turnover rate, wage growth, what employees want, financial wellness, transparency, simplicity
Transparency and Simplicity: The Two Keys to Financial Wellness
direct deposit, financial wellness, Financial Wellness Benefit
Keeping direct deposit enrollment rates up has positive implications for both an employee and employer. Time, money and frustration can all be spared if employers offer direct deposit, and if employees utilize the benefit. Even more is the fact that your employees have a unique opportunity to kick-start their[...]
employee loans, financial wellness, payday loans
Financial insecurity can be a productivity killer. Employers who offer empathy toward employees in need of financial assistance can boost employee loyalty and overall workplace engagement.
employee attrition, how to help employees pay bills, Financial Security, financial wellness, Financial Wellness Benefit, how to help employees meet deadlines
Financial wellness programs at the workplace have gained popularity over years. In a recent Bank of America survey, nearly three-quarters of 1,020 plan sponsors surveyed believe that financial wellness solutions will be standard elements of benefits packages in the future. It is also suggested that large companies[...]
employee attrition, Employee Retention, Employee Turnover, financial wellness, Financial Wellness Benefit
Employee turnover is expensive, and in many industries, the cost of losing good workers is rising. Tight labor markets, and young employees job hopping at an increased rate are two proven contributors to turnover increases. Turnover is a meaningful expense for companies who constantly have to recruit new employees[...]