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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. Employers can play a key role in promoting this literacy by providing access to resources, tools, and education that empower workers to make informed financial decisions.

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8 Dimensions of Wellness: A Comprehensive Guide to Optimal Well-Being At Work And Home

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By gaining a clear understanding of these areas, workers will see a clear path to maintaining their overall health. Environmental Wellness: Our environment affects our health. Financial wellness contributes significantly to our stress levels and life satisfaction, underscoring the need for informed budgeting and financial planning.

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Fill Up Your Love Bank, No Matter Your Budget: The Budgetnista Tiffany Aliche on Achieving Financial Wholeness

Success

It’s not just that women make less than men, there’s also less access to financial education [for women],” she says. “So Tiffany pushed her native New Jersey to pass a law mandating financial education for middle school students. Is this something that will maintain your health or safety? Tiffany is working to correct that gap.

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10 Best Financial Management Tools for Personal and Professional Use

Success

Empower also features calculators for education savings, net worth, personal budgets and investments, among others. YNAB YNAB follows the zero-based budgeting method, where you must account for every dollar that comes in. Honeydue Do you want to budget with your partner? One-person operation? No problem.

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The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

Today the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’.

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Want to Retain Your Team? Offer Financial Well-being Programs

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77% of employees say financial stress is affecting their mental health, and 52% said it’s impacting their physical well-being. . 77% of employees have said it’s affecting their mental health, and 52% said it’s impacted their physical well-being. Educational offerings. They include: . Employer-matching programs.

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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. As with benefits focused on mental health, interest in financial wellness has increased since the onset of the pandemic, he adds.