Financial Wellness and the Workplace
Financial wellness is a key workplace strategy. Much more than retirement planning – although preparing for retirement is part of it – financial wellness affects workers from millennials to boomers. When the stress of financial worries is reduced, employees are likely to make better decisions and be more productive, engaged and loyal. Financial wellness is a win-win situation for both employers and employees. In this issue …
- Our Editorial explains why business leaders should care about financial wellness.
- We discover the many types of financial wellness initiatives that can reduce workplace stress.
- We learn that migraine is a misunderstood disease that affects all aspects of life, including financial security and workplace productivity.
Financial Wellness and Benefits
Financial stress has wide-ranging effects. Employers can increase productivity and employee well-being by providing a holistic range of benefits that, together, reduce workplace stress. In the financial area, benefits may extend from basic “lunch & learn” events that involve free resources and presentations by local financial services providers, to more structured classroom or online educational programs. By recognizing employee needs and preferences and addressing financial concerns, employers create loyal, long term employees while supporting the health of their business. bh