Remove Cost Remove Expenses Remove Stress Remove UPS
article thumbnail

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. The implications of such financial distress are profound, costing U.S. businesses approximately $40 billion in lost productivity in 2022 alone.

article thumbnail

62% Of Workers Are Experiencing Financial-Related Stress

Allwork

A new survey confirms what experts have been warning about: pay is not keeping up with the cost of living. According to a Bank of America-sponsored survey, a whopping 71% of employees say that their wages have not kept up with the pace of inflation in July, up from the 58% who said so in February. . seen in June.

Stress 208
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Many Employees Literally Cannot Afford To Return To The Office And Employers Are Considering Picking Up The Tab

Allwork

Inflation is at a 41-year high and soaring gas prices are taking a toll across the country, with hourly workers bearing the brunt of these challenges — 81% reported that record gas prices have made it hard to pay other expenses. . In May 2021, commuter expenses accounted for only.23% 23% of all claims.

2022 246
article thumbnail

The 8 Biggest Financial Mistakes to Avoid in Your 60s

Success

People in their 60s often face the decades in two parts: the run-up to retirement and retirement itself. If clients relocate to an area with a higher cost of living to be closer to children or friends, they could draw upon their retirement funds faster than expected. And that’s a really scary experience.”

article thumbnail

8 Travel Apps You Need to Download Before Your Next Vacation

Success

That means we’ll likely see crowded airports and stressed travelers. Of course, you need to be using your airline’s app to track your flight and access your boarding pass, but there are other travel apps that do everything from getting you through customs in a flash (even without Global Entry) to dividing up shared expenses on a group trip.

Travel 246
article thumbnail

Why Company Retreats are Worth Every Penny

Allwork

While the upfront costs of organizing a retreat may seem daunting, the long-term benefits — increased creativity, enhanced team dynamics, improved morale, and higher retention rates — often far outweigh the initial investment. The change of environment can help people think outside the box and come up with new ideas.

Cubicle 258
article thumbnail

Why You Should Think Twice Before You Monetize Hobbies

Success

Sometimes a hobby becomes costly, and earning some cash is a way to offset the expense. Often, getting paid for your hobby feels like a low-barrier route to making more money while combating the rising cost of living. They help us] regulate the damaging effects of our stress hormones on our body.” I’ve been there.”

Stress 130