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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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Dry promotions: Definition, considerations, and guidelines for employers

BMT Office Administration

Getting a promotion is an exciting event for employees. However, some of that excitement is probably due to the pay raise that they expect will come with the promotion. But sometimes employers offer promotions without an increase in pay, a growing phenomenon called dry promotions. What is a dry promotion?

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Science Fiction To Reality: How Anti-aging Drugs Will Upend The Future Of Work

Allwork

Studies show that metformin can delay stem-cell aging, promote autophagy and prevent telomere shortening — all of which help combat the effects of aging. This remarkable drug also safeguards against processes that lead to disease, such as oxidative stress. The other revolutionary part?

Medical 246
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Want to Retain Your Team? Offer Financial Well-being Programs

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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. Employee financial stress is at an all-time high, according to HR Morning. Employer-matching programs.

Finance 284
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Breaking Barriers: How to Challenge Age Stereotypes In the Workplace

Success

The moment you have a couple of decades under your belt or managing experience, some employers may consider you “over the hill”—and less promotable because of it. Even practices such as looking at yourself in the mirror or reflecting on the positive aspects of getting older can help you learn to stress less.

2024 287
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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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The Silent Crisis Of Workplace Loneliness: 9 Ways To Foster Genuine Connections At Work

Allwork

Employers can use this scale to check on employees during transitional periods (such as parenthood, relocation, divorce, and retirement), as significant life changes often correlate with increased loneliness. Implement Mentoring Buddy Programs: Pair employees across generations to facilitate knowledge sharing and relationship building.

Health 284