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Employee Financial Wellness as a Benefit


Employee Financial Wellness as a Benefit
  • DateNovember 13, 2020
  • MediumNewsletter Article
Supporting your employees with benefits while the world is battling COVID-19 is a crucial piece of the employee value proposition.

 

In a world battling COVID-19, supporting employees with benefits is a crucial piece of the employee value proposition. Beyond steady paychecks, employees need support like never before. A few key benefits taking center stage for employees include healthcare coverage, paid time off/leave and flexibility or remote work. While these are key benefits for employees amidst the pandemic, financial wellness programs may be the perfect compliment to help employees along in these tumultuous times 

 

In the most recent months, employees are under an enormous amount of stress. Simply everyday happenings such as going into the office, making a grocery store trip, or taking kids to school have been turned upside down. One of the biggest concerns almost every employee felt in their gut as the pandemic unfolded was “Am I financially secure? What if something happens to my health, my job, my family?”

 

 

The truth is that most employees are not always informed of their current financial status, nor do they have a plan to create security. Implementing a financial wellness program for your employees can be step one to helping them regain confidence and removing the worry of financial strains. It is even suggested that a financial wellness program can provide a true health benefit, as worry can be damaging to health.

 

 

Financial security isn’t something that impacts one employee demographic either, all employees can benefit from a program and planning. Being proactive in helping your employees gain access to this unique benefit offering can be a timely and well received win-win. Employees that are informed and equipped to manage through the unknowns of life can create more engaged and productive employees.

 

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