Employers can support a heterogeneous workforce by offering a range of financial wellness benefits and programs, as well as allowing employees to customize their benefits packages to select the benefits that best meet their needs.
4. Empower employees to take control of their financial health
Ultimately, employees are in the driver’s seat when it comes to their financial health, and employers can demonstrate care by providing the tools employees need to reach their goals.
Employers should consider supporting their employees’ financial wellness with a no-cost, multi-channel approach designed to meet employees where they are. These tools should not only educate but help employees make informed decisions to take action. Resources like educational workshops, personal guidance, and a financial app help manage day-to-day expenses, help pay down debt, such as with student loans, and save for retirement.”
Finally, employers can support their workers’ financial wellness with clear, tailored benefits communications that highlight how workplace benefits and programs impact financial health. By shedding light on what each benefit does — and the real-world impact it can have on employees’ financial goals — employers can help their workers make the most of their benefits and maximize the positive impact of workplace benefits across the organization.
Future-proof your organization by focusing on employees' financial health
As employees face mounting financial pressures, employers have an opportunity to set themselves apart by caring for employees’ financial health. Those who take steps to foster financial wellness — both directly, through compensation and benefits, and indirectly, through educational resources — set their organization up to succeed by bolstering productivity, loyalty, and engagement.