Allwork
MAY 12, 2024
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. Here are some options: 1.Retirement
Success
APRIL 17, 2023
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. A financially content, non-stressed employee stays at their employer longer,” he says. “We Such benefits can yield significant results.
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Success
SEPTEMBER 30, 2022
According to the Nationwide Retirement Institute, 15% of Gen Zers and millennials “reduced contributions to their 401(k) and similar retirement plans over the last year.” in the first quarter of 2022 and 0.6% However, for anyone over a decade from retirement, the recession presents a discounted buying opportunity.
Allwork
MARCH 29, 2023
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.
Success
MARCH 13, 2023
For 2022, freelancers will pay 15.3% Save for retirement When trying to get a business off the ground or earn enough to cover your monthly bills, saving for retirement might seem like a luxury you can’t afford. in FICA taxes , which contribute to Social Security and Medicare. Every dollar counts. Every dollar counts.
Allwork
DECEMBER 5, 2023
The Equal Employment Opportunity Commission has observed a 16% increase in such charges between 2021 and 2022, particularly for conditions like anxiety, depression, and post-traumatic stress syndrome. Studies have consistently shown that working mothers are disproportionately affected by the lack of flexibility in work arrangements.
Allwork
NOVEMBER 9, 2022
More than 50% of women plan to quit their jobs in the next two years — citing workplace stress as a main factor, according to Deloitte. . As of 2022, 50% of executive women and 70% of all female employees report feeling extreme burnout, largely due to imbalances in housework, caregiving, and office work. .
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