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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. 1 value proposition that Mecham touts when talking with company leaders about why focusing on the financial wellness of their workforce is important.

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Most UK workers now expect to retire at 62 years old

Workplace Insight

A new poll of people aged between 35 and 55 suggests that most workers expect to retire at around 62 years old, four years earlier than the UK state pension age of 66. It surveyed employees aged 35-55 working in seven industry sectors across the UK.

Insiders

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4 Smart Money Moves to Plan for Financial Security

Success

A survey by Insider and Morning Consult from 2019 showed that millennials were more likely to put off buying houses, making career moves, undergoing medical procedures and even getting hitched—all because of cash-related reasons. Start a retirement plan. You’re young, and retirement probably feels light-years away.

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

Allwork

Ladder, a life insurance insurtech company, has suggested that companies would give themselves a leg up in recruiting and retention if they promoted a comprehensive financial well-being program for their employees. . Allwork.Space: How can developing a financial well-being program improve company culture? . They include: .

Finance 290
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How My Experience as a Black Entrepreneur Shaped My Views on Building Financial Freedom

Success

When I returned to my office in Atlanta, I shared the nerve-wracking experience with my manager, one of the few Black directors in the company. And despite his willingness to let me vent, I couldn’t help but feel like I needed more from him, from my coworkers and from the company I worked for. Yeah, these things happen.

Medical 279
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Why Employers May Not Be Hiring Veterans

On The Job

Specifically, many companies fear that veterans have post-traumatic stress disorder and would be a problem at work. While some veterans do suffer from severe PTSD and need medication and counseling, others are able to cope with minimal assistance, experts say. But another reason is often not discussed openly among employers.

Medical 100
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On the Job by Anita Bruzzese: Has Workplace Loyalty Gone to the Dogs?

On The Job

Employees are bruised and battered (at least psychologically and financially) by companies who have sacked them, forced them to take unpaid leave and slashed pensions and medical benefits. employees say they are loyal to their company. Dunlap’s response: “Why would you stay with a company for 30 years?”

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