Tag: employee finances

Employees Need More from Financial Wellness Programs

By Tate Hackert, ZayZoon Oct 23, 2024 Learning & Development

Updated: Oct 23, 2024

The rising cost of living is hurting more than employees’ wallets—it’s hurting their productivity. And employers are seeing the effects firsthand. ZayZoon’s recent 2024 State of Employee Financial Wellness Report found that while only 36% of employees reported that financial stress impacts their work performance, 63% of employers believed employees who struggle financially perform worse […]

Older worker at desk

Financial Strain Puts Retirement Out of Reach for Many American Workers

By Lin Grensing-Pophal, Contributing Editor Aug 6, 2024 Benefits and Compensation

Updated: Aug 6, 2024

A recent survey by Willis Towers Watson (WTW) reveals a growing financial strain among U.S. workers, with 88% struggling to meet basic living costs. Nearly half of employees (46%) are extremely worried about essentials such as food, healthcare, housing, and transportation. As a result, 44% of employees report living paycheck to paycheck, and 59% say […]