Financial challenges are known to negatively impact productivity. A lot of the worst financial decisions are education related, and many come down to information – or lack thereof. And college debt and financing are areas where employers can have real impact.
Financial wellness programs are one of the fastest-growing areas of employer benefits – yet are also one of the broadest categories. What counts as a financial wellness program, and why are employers doubling down on their investments?
Predicting a major productivity problem for your organization and heading it off before it becomes an issue might be easier than you think.
Personal financial literacy scares people so much they don’t want to think about it. But it gets to them anyway, and then costs everyone by quietly gnawing at productivity.
Millennials may get all the press for their big stack of education loans. But, it turns out older adults are your workforce’s fastest growing segment of the college indebted.
Data shows how big a role college plays in financial wellness, both for today’s parents trying to survive without resorting to a diet of macaroni and cheese, and tomorrow’s graduates doing the same while saddled with large amounts of debt. And that compromised financial wellness has known costs for employers.
You may think financial stability is just a personal problem, but it isn’t. Stress has a domino effect… and there are few stresses bigger than worrying about money. Counseling a family about college finance before they sign on the dotted line does everybody good.
As we finish up the second quarter of 2016, two events – Human Resource Executive’s Health & Benefits Leadership Conference and Solutions at Work LIVE — got HR leaders from across the country talking about these trends in human resources.
Company culture; student loan assistance; marketing your benefits; the gender pay gap. Here’s what HR people were talking about in March.
There’s a lot of enthusiasm for employee loan repayment programs. But It’s not just a matter of providing the money; you have to do it so that it’s efficient. Here’s how.