Financial distress in the American workforce is amongst the highest in the world. Employers recognize that their employees need help addressing their near-term financial stability. Otherwise workers can’t adequately focus on longer‑term life goals, including preparing for life after work.
In this article published by Tech HR Series, Tom Kelly, Buck Principal and Voluntary Benefits Leader, offers his guidance on how firms can improve their financial well-being programs, highlighting takeaways learned from Buck’s recent 2020 Financial Wellbeing and Voluntary Benefits Survey..
What should you keep in mind to shape better employee financial well-being plans?