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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

Allwork

High financial stress among employees, including those with high incomes, can lead to mental and physical health impacts, which cost businesses in lost productivity. businesses approximately $40 billion in lost productivity in 2022 alone. The implications of such financial distress are profound, costing U.S.

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5 Different Types of Retirement Plans You Need to Know About

Success

You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Gone are the days when new employees received a list of the company holidays during onboarding and a packet with information about how to sign up for health care and retirement benefits. In 2022, YNAB launched a financial wellness benefits package for employers that includes access to online classes, workshops and more.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. According to Betterment’s 2022 Financial Wellness Barometer , 64% of respondents claim that financial wellness isn’t about saving for the future or planning for unsuspected situations.

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Employers Beware: There Are Rising Legal Risks Of Rigid RTO Policies

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In a notable legal settlement, a facility management company agreed to pay $47,500 to settle an Equal Employment Opportunity Commission (EEOC) lawsuit for violating the Americans with Disabilities Act. Belval, who has multiple health issues, including a heart defect and severe anxiety, argued he was at increased risk for COVID-19.

Legal 293
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Building a Distributed Team in the Future of Work

Success

Things like health care, retirement benefits and tax considerations should all be factored in. How many times has a manager or leader backfilled a role simply because that role always existed? This article originally appeared in the November/December 2022 issue of SUCCESS magazine. Clear expectations.

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“Boss Loss” Is Looming: What Is It, And How Does It Impact The Future Of Work?

Allwork

The new 2022 KellyOCG Global Workforce Report uncovers the disconnect between evolving employee expectations and the support firms provide. Firms are not going far enough or fast enough to achieve diversity, equity and inclusion and support employees’ mental health. Another reason executives are quitting?

Health 291