Covid has been especially tough on the workforce. First, 50+ million employees lost their jobs, took a pay cut or endured a forced furlough. Now, companies are struggling with the Great Resignation, with the biggest numbers of employees resigning in order to find a better paying job with better benefits – and those benefits better include financial wellness tools and solutions.
Even with personal income rising, more than 60% of Americans are broke. They don’t even have $1,000 for emergencies. As an employer, this shouldn’t be your problem. But it is. Because 80% of your employees are suffering from moderate or severe financial stress. That means they miss more work, are less focused, engaged and productive than non-financially stressed colleagues, and have higher rates of turnover. But it doesn’t have to be that way…
We’re a different financial wellness solution.
Led by award-winning financial writer, author, blogger and radio talk show host Ilyce Glink, Best Money Moves uses artificial intelligence to power a mobile-first platform that measures employee financial stress, then dials it down with a unique content-mapping system that pushes the right information, tools, solutions – and your own corporate-paid benefits – to the employee, right when they’re looking for it, to help reduce and resolve workforce financial pain points.
We personalize benefits, increasing usage. It’ll make your CFO smile.
Best Money Moves also personalizes benefits, combining them with an employees’ personal finances so it’s easy to see all the pieces of your financial life together, and in context. Our triggers and alerts system helps guide an employees to make smarter financial decisions, which leads to lower turnover, higher retention, lower healthcare costs with better outcomes, lower levels of workplace accidents, and so much more.
Don’t wait for the next Pandemic or recession to give your employees what they want and need.
Find out more about how Best Money Moves can relieve your employees’ financial stress.
Employee financial (un)wellness is expensive
Haven’t you already noticed? Employees who are financially stressed are more likely to be alcoholic, drug-addicted, overweight, have increased workplace accidents, negative co-worker interactions, unemployed absences, and healthcare costs.
Workforce financial stress costs employers
13 – 18%
of annual salary
Click on the bar below to find out how much your financially-stressed workforce is actually costing your company.