Employees' worries about money weigh heavily on their minds, bodies, and wallets. New survey findings reveal that financial stress has significant impacts on both mental and physical wellbeing. As a result, workplaces are taking action.
Creating a world where having a financial plan is never out of reach
The LearnLux Financial Wellness Blog
"While I didn't certainly didn't know everything, I absolutely felt comfortable with learning what I didn't know."
Workplace financial wellness has become a top priority for organizations worldwide. As a benefits professional or consultant, staying in-the-know of the evolving global financial wellness landscape is crucial to providing tailored and effective solutions for diverse employee demographics.
Plan sponsors had their hands full last year. Consolidation and cybersecurity among plan service providers; financial wellness programs; retirement income; and regulation—particularly the SECURE (Setting Every Community Up for Retirement Enhancement) 2.0 Act—all received extensive news coverage and discussion.
Boston area companies are embracing financial wellbeing programs more than ever before. As cost of living continues to rise in Massachusetts, along with economic turbulence being an ongoing issue, HR and benefits leaders are doubling down on supporting employee financial resilience.
In the heartbeat of Boston's healthcare sector, the need for financial wellbeing resources has become more pressing than ever. Employee financial health has become a compelling priority, acknowledging that healthcare professionals are not just providers of care but individuals with their own unique financial journeys.
January is National Poverty in America Awareness Month, a time to shed light on the financial challenges that many individuals face. For HR and Benefits teams, National Poverty in America Awareness Month is a unique opportunity to smash the stigma surrounding financial health in the workplace and put programs in place to take action.
As we step into the new year, January marks a strategic time to focus on our financial wellbeing. The holiday season spending is behind us, resolutions are in place, and it's a great time to promote positive changes for our bank accounts (and beyond).
"It's just been a great experience in bridging that knowledge gap, learning that I can take control of my own financial situation and be empowered."
The Cost of Living Crisis has become a global concern. Employees everywhere are dealing with financial pressures that make saving, budgeting, and investing increasingly challenging. This crisis transcends borders, impacting the financial wellbeing of employees not only in the United States, but across the globe. In this blog, we'll dive into the nuances of this issue, explore its implications, and discuss how employers are leveraging financial wellbeing programs like LearnLux to offer a lifeline for employees facing these growing challenges.