In the ongoing battle for benefits supremacy, employers are increasingly offering perks that probably never would have even crossed their minds just a decade ago. As with so many changes in the workplace these days, the shift has been prompted by Millennials, who are drawn by more than the bottom-line salary.
Tag: financial wellness
Both enrollment in health savings account (HSA)-eligible health plans and the number of HSAs have grown significantly since HSAs first became available in 2004; as a result, HSAs have become a significant part of employment-based health plans, according to an issue brief from the Employee Benefit Research Institute (EBRI).
Have you implemented a financial wellness program at your company? If not, you may want to consider it as more than three-quarters of workers (78%) report that they are living paycheck-to-paycheck to make ends meet.
HR professionals across all industries are increasingly engaged in discussions with company leadership about improving employee retention rates. In order to increase workplace satisfaction, considerable focus has been placed on strategies to truly engage with employees, ensuring they feel supported, happy, and healthy—both at work and in life.
“Talent wins games, but teamwork and intelligence win championships.” Michael Jordan wasn’t talking here about retirement, and in fact, we don’t know that he ever has. But his words can certainly apply to the subject. In today’s world, each individual must take charge of his or her own retirement. Still, there are many ways others […]
In the 1939 movie, “The Wizard of Oz,” the Cowardly Lion is known for his lack of courage. Oddly enough, when it comes to making the best use of employer-sponsored financial wellness initiatives, today’s workforce may have something in common with the classically fearful character.
When you hear that someone brings home a 6-figure salary, do you immediately envision a jet-setting CEO or C-suite executive? If so, you’re not alone, but the reality is that some people who take home 6-figures are actually worse off than you might think, especially if they’re living in one particular location.
Replacing employees is expensive. In a time of low employee retention and high turnover, employers are striving to improve programs with a positive impact on employee engagement. “While individual benefits may not drive retention, benefits packages that address employees’ needs demonstrate that a company cares and, in so doing, become a driver of retention,” said […]
When you think of termination related to cell phone use, it’s most likely related to someone misusing their phone against company policy. However, with the release of the iPhone® 7, one company is firing its employees for just having the phone itself!
Employees find 401(k)s and similar group retirement plans are found to be the most difficult benefits to understand, followed by health insurance and HSA/FSAs, according to a new financial wellness survey released by Four Seasons Financial Education (FSFE).