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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. Employees suffering from financial stress are more likely to experience symptoms of depression, anxiety, and other mental health disorders.

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71% Of Workers Experienced Financial-Driven Anxiety This Year

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In fact, 75% of respondents said that the current market has hindered their retirement savings, leading 28% to dip into these accounts for some expenses. As a result of financial woes, 71% say they are experiencing anxiety while 54% say their mental health decline is hindering their ability to focus at work.

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Science Fiction To Reality: How Anti-aging Drugs Will Upend The Future Of Work

Allwork

Careers will necessarily become longer, and the retirement age will have to be pushed back, not only so individuals can support themselves, but to avoid overtaxing a nation’s social security system,” wrote Ker Than. benchmark of 65 no longer be feasible? These are all questions that are difficult to address.

Medical 246
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Want to Retain Your Team? Offer Financial Well-being Programs

Allwork

77% of employees say financial stress is affecting their mental health, and 52% said it’s impacting their physical well-being. . There are ways in which workplace leaders can improve the lives and financial wellness of their workers. . This can be prohibitively expensive for some, especially if you have dependents.

Finance 290
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Can COVID Booster Shots Save Your Business? 

Allwork

Moreover, the University of Washington’s Institute for Health Metrics and Evaluation projects a new wave of COVID in the winter that could more than quadruple the current infection rate, which aligns with projections of a major winter wave by the FDA. . billion California Public Employees’ Retirement System. .

2022 246
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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Here are some actionable tips that employers can take to help their employees prepare for economic downturns and unexpected expenses. Without simply increasing wages, what course of action can employers take to prepare their employees for economic downturns and unexpected expenses? So what can companies do?

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The UK workplace sector reacts to the Spring Budget 2023

Workplace Insight

Other key announcements A £400m investment to increase the availability of mental health and musculoskeletal resources, and expand the placement and support scheme for individuals. Supporting the health of workers throughout their working lives will decrease absence levels and reduce early exits from the labour market.

Budget 98