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How Financial Wellness Programs Can Benefit Employees and Employers

Success

Human resource leaders have observed cash-strapped employees reducing retirement contributions and talking about how money-related stress has negatively affected their work lives, according to a 2022 financial benefits study conducted by Morgan Stanley at Work. Amid high inflation the need for such benefits has become even more apparent.

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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

Success

We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. According to a Gallup survey , only one in three Americans prepares a detailed household budget. Check out your expenses from last month and then categorize each transaction.

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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. .

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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. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances.

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Flexibility In Design: Turning A Workplace Into An Outdoor Oasis

Allwork

Future Forum reports in a recent survey that more than a third of knowledge workers (34%) have reverted to working from the office five days a week. With this shift, employee sentiment has dropped to near-record lows, including 28% worse scores on work-related stress and anxiety and 17% worse scores on work-life balance.

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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

HR software provider Ciphr surveyed 1,000 employees across the UK about their experiences of rising living costs in 2023, and any actions they’ve taken, or have considered taking, because of financial pressures. Worryingly, over two-fifths (43 percent) of those surveyed have struggled to buy food or pay their bills.

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What toll has workplace stress taken on your life?

On The Job

Helpful information and advice from Americas favorite workplace columnist About Anita Blog Books Syndicated Column Interviews Career Links Contact Monday, April 5, 2010 What toll has workplace stress taken on your life? Everyone who walks in my office is stressed,” says Lewin, medical director of Cinergy Health.

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