The Link Between Employee Productivity, Health and Stress
If you think financial wellness programs are a fad, think again. The industry consensus is that financial wellness not only produces results for employees, but it positively influences company bottom lines. That’s good news for a number of reasons, especially for the juggernaut of financial stress in the workplace. A recent study found that nearly 60% of respondents listed financial matters as the top cause of stress. Additionally, they found that 35% of employees report that
Four Ways to Help Reduce Financial Stress for Your Employees
Employee financial stress is a hot topic. So much so, that nearly 60% of employees cite finances as their primary stressor. [1] Their financial worries surpass other top stressors, and it’s impacting their job performance. Research shows financially stressed employees are less productive and more distracted at work. They also have higher rates of absenteeism and presenteeism (at work but not fully functioning). Employees typically spend more than three hours a week dealing wi
News and Information for Employers Q2 2020
The link between stress and employee productivity is real. Experts estimate that it costs companies $500 billion or more per year due to “health costs, absenteeism and poor performance”. [1] And with finances being the number one stressor, offering a financial wellness benefit can help! This quarter, we’ll be sharing our insights and best practices through the following topics: 5 Steps to Create a Financial Wellness Program The Link Between Employee Productivity, Health, and
Infographic: The CARES Act and its Impact on Retirement Plans
Coronavirus, COVID-19, CARES Act, these topics have without a doubt overtaken your media feeds and with a valid reason. However, in this time of turmoil, we wanted to take a moment to explain what some of this means in hopes of bringing you some calm. For employers, a lot has changed and very quickly. To help you navigate these changes, we have created a simple infographic that walks through two key points: Retirement plan changes Employee FAQs Download the Infographic >>
CARES Act Update: Changes Impacting Retirement Plans
Signed into effect on March 27, the Coronavirus Aid, Relief and Economic Security (CARES) Act is a robust economic stimulus package designed to help small business owners and hardworking American families during these unprecedented times. For small businesses, the new regulation allows access to capital to help maintain operations. For employees, it grants new ways that they can use their retirement plan savings for emergency financial relief. Additionally, for qualifying ind
