Employers are taking more responsibility for employee financial wellness
Programs that go beyond offering retirement accounts are becoming a new industry standard as organizations try to find new ways to support workers in the COVID-19 era.
Employers are taking a new approach to the holistic wellness of their employees.
As research supports the many ways that investing in workers has a positive impact on the bottom line, organizations are trying to find more innovative ways to offer lifelines to stressed and exhausted employees—particularly during the COVID-19 crisis.
One of the key ways employers are trying to have an impact is through financial wellness programs, with financial security identified as one of the five common elements employees require to “thrive.”
It isn’t just COVID-19 that has driven this change, either. According to research from Bank of America, 62% of employers feel “extreme responsibility for their employees’ financial wellness.”
It isn’t just COVID-19 that has driven this change, either. According to research from Bank of America, 62% of employers feel “extreme responsibility for their employees’ financial wellness.”
Become a Ragan Insider member to read this article and all other archived content.
Sign up today
Already a member? Log in here.
Learn more about Ragan Insider.
