Pandemic highlighted workers’ financial vulnerability
Organizations must seek solutions that help employees to stop being distracted by their finances.
Beginning in March of last year, the global economy came close to shutting down as the COVID-19 virus swept across the world. In some sectors, it did effectively stop. Waves of furloughs and layoffs followed. Unemployment spiked. Even workers who stayed at their jobs felt a new anxiety. Organizations were compelled to respond, and many launched—or ramped up—new mental health and financial well-being initiatives for their people.
Financial wellness has become a priority now as employers recognize the value of training workers in financial management, and even offering student-loan repayment benefits and other programs. We spoke to Aaron Harding, managing director and co-lead for employee financial wellness at PwC, about how workplace financial wellness is evolving.
Harding is a featured speaker at the Workplace Wellness Conference, a virtual event being produced on April 21st by Ragan Communications.
Workplace Wellness Insider: What challenges are most acute in employee financial wellness?
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