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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?

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How Financial Wellness Programs Can Benefit Employees and Employers

Success

In fact, 54% of employers currently offer financial wellness programs, based on responses to an annual survey conducted by the Employee Benefit Research Institute (EBRI). In 2022, YNAB launched a financial wellness benefits package for employers that includes access to online classes, workshops and more.

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The Art of the Side Hustle

Success

As my workshop ends, all hands go up at once. Additionally, 60% of Gen Z and 55% of millennials were planning to start a side hustle at some point in 2022 at the time they were surveyed, with only 35% of Gen X and 13% of baby boomers reporting the same thing. Before I know it, I’m mentioning my love for Bruce Springsteen.

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Some Companies Are Asking Employees to Pay for Training to Increase Buy-in. But Does It Work?

Success

A recent Skynova survey of around 1,000 employees’ and managers’ opinions on the topic of training repayment showed that “over three in four employees agreed being required to pay for their training if they quit within a year of being hired would increase retention.”

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Is Earned Wage Access A Wolf In Sheep’s Clothing?

Allwork

The ability to access capital is great — but not when it comes at the expense of the workers. For employers, all you need to offer is a glossary of online resources, free workshops, and other informative information. Unfortunately, these are the individuals that are at the highest risk of being taken advantage of.

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106 Thoughts on Overcoming Overwhelm in a Freaked-Out World

Stephanie LH Calahan

  I hear it from my clients and workshop participants as well as my connections on social media sights.  Once that is done, survey what is left and find the next easiest thing you can do.   I hear it from my clients and workshop participants as well as my connections on social media sights. 

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