Benefits and compensation are an integral component of the HR space. They can directly influence retention and employee engagement, as they span the health, financial, and work/life balance spaces. According to SHRM, the top 5 benefits categories that mattered most to employees were health-related, retirement, leave, flexible working, and family-friendly benefits. So, what should HR […]
Tag: financial wellness
Seventy percent of Americans report living paycheck to paycheck, per a survey conducted by OnePoll and AmeriLife. The signs can be hard to recognize; even if you don’t see it, there’s a good chance this struggle is shared by most of the employees in your workplace. And there are growing signs throughout the economy that […]
Some of your employees dream of being financially independent entrepreneurs, and others fantasize about retiring early, but all of them need financial wellness. Research tells us that 63% of U.S. employees are weighed down by financial stress. Their anxiety makes sense when you consider that, on average, only 47% can cover expenses during a break […]
On the heels of summer comes a tumultuous time for working parents: back-to-school season. No sooner have they sorted out their dizzying summer schedules and pieced together summer child care—a nightmare for many—than the start of the school year arrives to once again upend their routines and budgets. The National Retail Federation estimates parents will […]
Dr. Martin Luther King Jr. made a plea back in 1966 to close the racial wealth gap between white and black America, calling this discrepancy a “structural part of the economy.” Now, despite nearly 60 years of supposed progress, the racial wealth and financial wellness gap remains largely unmoved. In fact, with rampant inflation and […]
Matt Bahl has been involved in the field of human resources (HR) for nearly a decade. For our latest Faces of HR profile, we sat down with Matt to discuss how he got his start in the industry, his biggest influences, as well as his “best mistake” and what he learned from it. “First off, […]
The much-discussed Great Resignation has forced a refocusing in the conversation surrounding the needs of hourly workers. Faced with labor shortages, many employers are reassessing how their workers are treated, from hourly wage increases to financial incentives like signing bonuses, down to the benefits offered to hourly employees. For the most financially precarious, however, the […]
Between a global pandemic, a widespread social justice movement, and a hotly contested presidential election, little about last year was easy.
A recent CreditCards.com survey revealed that 59% of American credit card holders—110 million Americans—were in credit card debt before COVID-19. And it wasn’t frivolous spending. Twenty-six percent said that day-to-day expenses like groceries, child care, or utility payments were the biggest factors in their debt balances.
Under the best of circumstances, identity theft is a real concern for employers and employees alike. When employees’ identities are stolen, any number of life-altering outcomes are possible, ranging from stolen tax returns to new, false lines of credit being open in employees’ names. As our lives become more digital—a trend that has been heavily […]