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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. Financial stress impacts worker well-being, both mentally and physically Financial wellness and literacy are critical for the economic stability and peace of mind of employees.

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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. A financially content, non-stressed employee stays at their employer longer,” he says. “We Such benefits can yield significant results.

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

Allwork

Other financial wellness benefits like student loan repayment assistance, financial education resources, retirement savings plans, and health savings accounts do more than merely provide employees with access to capital. They teach employees how to budget, plan, and prepare for anything.

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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. . Employee financial stress is at an all-time high, according to HR Morning. For employees, finances are actually the top source of stress — even more so than health or family issues. .

Finance 284
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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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Start Talking to Your Kids About Investing—Here’s Where to Start

Success

Learning to invest is intimidating for many adults, so the idea of teaching kids about investing can be a source of stress for many families. It’s essential to get started, though: According to a recent Bankrate survey , “four in 10 teenagers (41%) were not receiving any financial literacy education in school.”

Finance 246
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SUCCESS’ 2024 Women of Influence

Success

Through her work, Arrington is breaking cycles of incarceration and creating pathways to college education and careers for historically underserved communities. She’s also involved in educating the next generation of women entering the medical field through her role as the CEO and founder of Women STEM Mentorship. Marie Feagins, Ed.D.

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