Simple Ways to Improve Company Culture For Hybrid Work

Simple Ways to Improve Company Culture For Hybrid Work

Simple Ways to Improve Company Culture For Hybrid Work. Hybrid work options have become one of the most in-demand employee benefits. Here are five ways to improve your company culture for hybrid employees.

Hybrid work options have become one of the most in-demand employee benefits with research from Stanford University suggesting that employees perceive hybrid work as equivalent to an 8% pay increase.

Employees in hybrid positions benefit from increased flexibility, improved work-life balance and significant savings on commute costs. Data from Upwork also suggests that around one-third of the total American workforce will be hybrid or remote by 2025.

However, transitioning a team to a hybrid work model can pose challenges regarding company culture. A strong company culture fosters a sense of belonging among employees, which is crucial for their performance, engagement and well-being. Studies indicate that employees who feel connected to a larger organization tend to perform better and experience greater satisfaction in their work.

Hybrid and remote workers, who spend time away from their coworkers and physical office space, may not experience the same level of connection and company culture. Hybrid workers often run the risk of isolation and miscommunication. They may also have more difficulty collaborating with their coworkers than those who work from a central location.

As employees seek more workplace flexibility, organizations must adapt and find ways to help their company culture transcend physical office space. These five strategies can help nurture a thriving company culture in this new hybrid era.

A stat about hybrid work in 2025.

1. Set expectations for remote versus in-person work.

Both in-person and hybrid work models offer unique benefits. In-person work, for example, serves as a vital platform for collaboration and team bonding. There is often more opportunity to develop a sense of company culture when you see your coworkers every day. Remote employees, on the other hand, may feel more isolated from their peers. However, they also enjoy a more flexible schedule and may benefit from the ability to work fewer in-office distractions.

Rather than force the same expectations on remote and in-person workers, employers should embrace the differences and emphasize the workflow expected from in-person versus remote work days. Moreover, it’s vital to establish clear expectations and shared goals. This includes defining subjective terms such as appropriate response times, frequency of check-ins, preferred communication platforms, and when to use video conferencing versus messaging options.

2. Enhance communication and feedback opportunities.

One integral aspect of in-person work is the informal socialization that employees enjoy throughout the workday. Casual conversation helps foster organic relationships among team members.

It may benefit remote teams to reintroduce this element of socialization via video chats and other communications. A study by Canon specifically found that video plays a fundamental role in communication among hybrid teams.

Eight in 10 people who turned on their cameras during virtual meetings felt more productive when others had their cameras on as well. Participants also reported that being able to share documents, images and videos during meetings (66%) and being able to see the other meeting attendees (58%) helped them interact with their colleagues better.

Additionally, informal gatherings like virtual coffee chats can strengthen bonds among hybrid employees. Digital water coolers, virtual lunches or informal coffee chats are additional strategies to foster camaraderie. Regular weekly staff meetings and comprehensive email updates help hybrid workers stay synchronized with the team and minimize feelings of isolation.

3. Promote equitable collaboration and hybrid meeting protocols.

It’s crucial to set clear communication protocols, both when in-person and working remotely. Online messaging tends to increase during hybrid work, so explicitly outlining when an email reply is necessary streamlines communication and prevents inbox overload for both employees and employers. Additionally, distinguishing between tasks that require in-person collaboration and those suitable for hybrid work is essential.

With the rise of hybrid work, team members now frequently join meetings from different physical spaces. Employers can ensure equitable participation by mandating that all team members log in using their own devices even when in the office promotes inclusivity of all meeting attendees.

Alternatively, if individual devices are not feasible, establish processes that guarantee all employees remain included in discussions. This might include not discussing group matters after remote participants have left a meeting.

3. Recognize and promote employee contributions within your community.

Fostering a team mindset becomes increasingly vital when team members are not physically together. During in-person work, this is easily done through peer shoutouts during meetings. Employee promotion can be similarly achieved remotely by way of positive feedback and recognition of employees’ contributions through virtual means.

Employers can cultivate an atmosphere of appreciation by sending regular email updates about team achievements and praising their employees during virtual staff meetings either through chat boxes or by unmuting on calls, ensuring that both in-person and hybrid employees are included.

It is also important to make sure that hybrid employees are not excluded from workplace activities that would ordinarily take place in person. Virtual birthday cards or other celebrations help ensure everyone feels valued and included, regardless of location.

Mentorship programs provide yet another straightforward approach to connecting employees. Whether conducted in person or through online platforms, these programs facilitate collaboration and knowledge-sharing among employees at different levels within the organization.’

Ultimately, even employees who are not physically together can still form meaningful relationships with their coworkers and feel deeply connected to their organization. Keep your lines of communication clear and open to change. Consider offering employee surveys to collect continuous feedback and ensure employees’ voices are heard even when they’re not in the office and help your transition to hybrid work happen as smoothly as possible.

Support your hybrid workforce with Best Money Moves!

Best Money Moves is a mobile-first financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As an easy-to-use financial well-being solution, Best Money Moves offers comprehensive support toward any money-related goal. With 1:1 money coaching, budgeting tools and other resources, our AI platform is designed to help improve employee financial well-being.

Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. We have robust benefits options for employers, regardless of their benefits budget.

Our dedicated resources, partner offerings and 1000+ article library make Best Money Moves a leading benefit in bettering employee financial wellness.

To learn more about Best Money Moves Financial Wellness Platform, let’s schedule a call. Contact us and we’ll reach out to you soon.

Working Parents Need Support: Start with These 3 Helpful Benefits

Working Parents Need Support: Start with These 3 Helpful Benefits

Working Parents Need Support: Start with These 3 Helpful Benefits. Learn how the right benefits can support struggling working parents. The right benefits strategy for your team improves quality of life and wellness.

Maintaining a healthy work-life balance can be challenging for any employee, but it’s particularly tough for working parents. According to Ohio State University’s parenting report, as many as 66% of working parents are burnt out and want help managing their home and work lives. However, they lack a practical and affordable means of receiving this support.

On top of these demands, childcare costs have grown astronomically over the past decades. Families spend an estimated 27% of total household income on childcare costs, according to data from Care. When parents can’t compete with these costs, they may be forced to alter their career paths, reducing their working hours and delaying advancement to focus on their children.

Working parents make up a significant portion of the U.S. workforce — an estimated 40%, according to Glassdoor — and the unique challenges they face require thoughtful solutions. Employers can take direct action to support the parents on their teams with these 3 helpful benefits.

A fact about working parents who are struggling.

The 3 most helpful benefits for working parents

1. Offer working parents a break with on-site childcare services.

Working parents often rely on childcare services to care for their children while at work, whether it be daycare, babysitting or afterschool programs. However, since childcare costs have risen post-pandemic, many working parents struggle to find affordable childcare options. Without childcare, some employees may have to call out of work to care for their children.

Today, 1 in 5 parents with children under 18 cite childcare expenses as the leading source of their financial stress, according to NerdWallet’s 2024 Cost of Raising Children report. This isn’t surprising as 1 in 7 parents said they spend more on childcare each month than their rent or mortgage payments. Over time, this financial practice can lead to long-term financial insecurity for working families.

On-site childcare reduces working parents’ commuting time and childcare costs. Moreover, offering on-site childcare can help mitigate the anxiety that some remote and hybrid workers feel about returning to the office. Knowing their child or children) are close throughout the workday can provide comfort and peace of mind.

2. Provide childcare subsidies and discount benefits to your team.

Even for companies without the resources to offer on-site childcare, there are other ways to support parents in the workplace.

To help families afford the rising childcare costs, some companies have added childcare subsidies and discounts to their benefits package. For instance, some employers partner with local daycare, afterschool and childcare providers to offer employee discounts. Others have instituted reimbursement programs, where employees can be reimbursed up to a certain amount for childcare expenses.

Every workplace has its own employees with individual needs, so consider which subsidies and discounts resonate most with your workforce. Feel empowered to ask employees directly, either through anonymous surveys or live group discussions.

3. Help working parents anticipate and adapt to childcare costs with accessible financial education.

Over 20% of parents say they don’t want more children due to the high costs of raising a child, according to NerdWallet’s 2024 report. And 1 in 3 non-parents don’t want any children for the same reason. The costs of child-rearing go far beyond basic childcare expenses. Most families can expect to spend around $300,000 to raise a child from birth through age 17, according to estimates by CreditKarma and the Department of U.S. Agriculture.

Financial wellness and literacy benefits can help the working parents on your team to anticipate and adapt to these costs over time. Current and future parents can learn how to adjust their existing budget and support their new child through all stages of life — from preschool through college.

For instance, at some point, children will mature and no longer need childcare or babysitting. With the right education, parents can understand their options and make plans for their money once childcare is no longer needed, such as investing in a 529 college plan.

Budgeting tools can help families prepare for large one-time expenses like a crib or stroller, while managing other household expenses. Families can even use these tools to build savings for long-term goals, like a child’s future college education.

Need a tool to support your employees? Try Best Money Moves!

Best Money Moves is a mobile-first financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As an easy-to-use financial well-being solution, Best Money Moves offers comprehensive support toward any money-related goal. With 1:1 money coaching, budgeting tools and other resources, our AI platform is designed to help improve employee financial well-being.

Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. We have robust benefits options for employers, regardless of their benefits budget.

Our dedicated resources, partner offerings and 1000+ article library make Best Money Moves a leading benefit in bettering employee financial wellness.

To learn more about Best Money Moves Financial Wellness Platform, let’s schedule a call. Contact us and we’ll reach out to you soon.

3 Things to Know About the Future of Work and Financial Wellness

3 Things to Know About the Future of Work and Financial Wellness

Employee needs are changing which means benefits must follow suit. To prepare for the future of work, make financial wellness a part of your benefits strategy.

New developments in benefits technology are reshaping the future of work. Over 85% of organizations surveyed in the World Economic Forum’s 2023 Future of Jobs Report identified increased use of new technologies as the trend most likely to drive growth over the next few years.  

With benefits technology constantly evolving, compensation alone is no longer enough to keep your workplace competitive for new hires. Employers must prioritize new technology and cutting-edge support programs if they hope to attract the best talent. 

Here are some of the most promising developments employers can expect from the future of work. We offer a special focus on the growing demand for employee financial wellness benefits.

A fact about the future of work and benefits.

1. Financial wellness tools will become central to the future of work.

Financial wellness tools are gaining popularity among employees of different backgrounds and income levels — and it’s not surprising why. The cost of living has increased steadily over the past few years. According to Forbes, more than a third of Americans struggle with their bills. Another 80% are living paycheck to paycheck.

However, most employers offer outdated benefits as a substitute for financial literacy. Around 98% of employers provide health coverage and 94% provide retirement planning support. Yet, these programs are not equipped to address some of the biggest employee pain points, such as high levels of student debt, the need for credit guidance, and the growing demand for elder care resources.

In PWC’s 2023 Employee Financial Wellness Survey, 73% of financially stressed employees said they would be attracted to another employer that cares more about their financial well-being. Financial stress affects everything from mental health to personal relationships.

So, financial wellness is already becoming a must-have benefit. Its importance is only expected to grow in the coming years. Addressing this issue will be something the majority of employers simply cannot ignore. Financial wellness benefits provide the information and tools needed to combat complex financial hurdles. They empower your employees to take control of their finances.

2. The desire for flexibility and accessibility will expand to benefits options.

The Coronavirus/COVID-19 pandemic shifted the landscape of corporate work in the direction of flexibility and accessibility. Now more than ever, employees are looking for jobs that allow them to work how and when they want.

A recent Upwork study suggested that 22% of workers in America will be remote by 2025. This change has been generally positive. In the same study, 56% of hiring managers claimed the shift to remote work has gone better than expected.

Flexibility in these environments also applies to employee benefits. Financial wellness benefits, for example, are fully customizable – meaning employees can choose the areas that are most pertinent to their situation. Whether someone is looking to pay off debt or learn about savings accounts, these benefits offer resources that support all levels of knowledge and income.

Personalization is the answer to making these benefits accessible and is a key component of the most effective financial wellness tools. According to a Vestwell study, employees hoping to save money are looking for highly tailored financial wellness solutions to solve their issues. For example, 74% of employees with student loans agree that they would be more likely to continue working for an employer that offered student loan-related benefits.

When it comes to financial wellness, the ability to personalize and answer specific questions is key to creating quality benefits that work. Flexible, effective and relevant benefits will improve your employees’ financial lives and improve productivity and quality of life in your company.

3. AI tools are an inevitable addition to the future of work.

AI tools have evolved greatly over the past few years to occupy almost every industry. As it continues to develop at such a significant rate, it’s difficult to imagine a future of work without significant AI involvement:

  • Artistic fields: AI has streamlined the creative process, assisting in the creation of music, art, writing and more.
  • Healthcare: AI helps eliminate human error in administrative work, providing a streamlined experience when distributing medication and making appointments.
  • Customer success: AI chatbots help meet consumer demand by answering client questions.

AI tools are expected to be just as valuable a tool for businesses. This is especially true when it comes to creating better benefits for employees. With AI, employers can evaluate their workforce’s demographics, health records and usage trends to create a benefits system that is best suited for each employee. These tools can be invaluable for HR, enabling them to shape their campaigns to accommodate employees’ needs and preferences.

Workers are consistently looking for ways to get their problems addressed without giving up autonomy. Giving them the tools they need will help your organization stand out in the job market and continue to attract top talent.

Choose an award-winning financial wellness platform for your employees

Best Money Moves is a mobile-first financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As an easy-to-use financial well-being solution, Best Money Moves offers comprehensive support toward any money-related goal. With 1:1 money coaching, budgeting tools and other resources, our AI platform is designed to help improve employee financial well-being.

Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. We have robust benefits options for employers, regardless of their benefits budget.

Our dedicated resources, partner offerings and 1000+ article library make Best Money Moves a leading benefit in bettering employee financial wellness.

To learn more about Best Money Moves Financial Wellness Platform, let’s schedule a call. Contact us and we’ll reach out to you soon.

4 Ways to Support Employee Mental Health and Wellbeing

4 Ways to Support Employee Mental Health and Wellbeing

4 Ways to Support Employee Mental Health and Wellbeing. Employers should be proactive and create support systems to enhance overall organizational success.

Employers play a significant role in shaping the mental well-being of their employees. Recognizing and addressing mental health challenges not only benefits individuals but also contributes to the company’s overall success. A University of California, Riverside study found that organizations that invested in physical and emotional well-being saw a 5% increase in productivity.

Prioritizing employee mental health fosters healthier and more productive work environments.
In their 2024 Voice of the Workplace Report, mental health and wellness app Calm highlighted 4 key mental health trends that are shaping modern workplaces.

Here’s what to know about employee mental health at work — plus, how you can better support employees who may be struggling.

A fact about employee mental health and productivity.

1. Consider financial wellness benefits to target a top threat to employee mental health.

Around 59% of employees grapple with heightened feelings of anxiousness and worry regarding their financial futures, according to Calm. Around 71% of employees report that financial stress adversely impacts both their professional and personal lives. Another 62% have scaled back their contributions to both their short- and long-term savings as a result of this financial strain.

As a response to these financial pressures, 52% of employees express a desire for access to a financial advisor directly through their workplace, according to a study conducted by Morgan Stanley. Furthermore, 48% of employees seek goals-based retirement investment planning from their employer, while 46% are eager for retirement planning tools and calculators.

By offering comprehensive financial wellness benefits, ensuring transparent communication about the services available, and providing ongoing education about these benefits to promote their utilization, employers can effectively address the challenges associated with employee financial stress.

2. Monitor technology burnout to safeguard employee mental health

In recent years, technological innovations such as AI, project management software and messaging and video apps have become integral to many workplaces. While these programs offer numerous benefits including heightened efficiency and increased flexibility, they also blur the boundaries between professional and personal life, exacerbating burnout among employees. 

The pressure to remain constantly connected to the workplace, even beyond regular working hours, is increasing. Around 58% of employees report they are always available to work and 46% often extend their work into non-office hours, according to Calm data. 

In light of the swiftly evolving technological landscape, it’s imperative to foster increased communication between employers and employees. Employers must establish clear guidelines regarding technology usage to safeguard employees’ well-being. This could entail disabling app notifications during non-working hours, promoting micro breaks throughout the day and granting employees the flexibility to decline meetings when necessary. 

Employers can further support their workforce by implementing mechanisms to gauge and monitor employee well-being, such as quarterly pulse surveys that inquire about workloads and work-life balance. To aid employees in managing stress and anxiety on a day-to-day basis, employers might consider proactive resources like Employee Assistance Programs (EAPs) that ensure employees are well-informed about their benefits options.

3. Provide specific support for women’s mental health.

Female employees consistently report higher levels of exhaustion and poorer mental and spiritual health compared to their male counterparts. They confront a multitude of unique challenges, spanning societal expectations, gender biases and structural discrimination, all of which can compound the strain on their overall well-being.

These experiences have considerable potential to erode women’s mental health. An overwhelming 90% of women identify family planning challenges as all-encompassing, profoundly impacting their mental well-being and ability to concentrate at work.

Many employees report an overall lack of support in the workplace concerning women’s reproductive health, with menopause, in particular, emerging as the least-discussed topic.

In recent years, there has been a noticeable uptick in employer attention towards family-forming benefits and the need for support felt by parents. By providing enhanced support for caregivers, employers can effectively mitigate exhaustion, retain valuable talent, and bolster overall business performance.

Furthermore, it’s imperative to acknowledge the disproportionate impact of workplace flexibility on women’s mental and spiritual well-being, as well as their exhaustion levels. Increasing flexibility measures, such as enabling remote work and granting more autonomy over schedules, can help support women’s holistic health.

Recognizing that women have diverse health needs extending beyond reproductive concerns, employers can explore avenues to offer comprehensive health and wellness benefits, fostering an environment where women feel empowered to vocalize their health-related needs.

4. Increase transparency and community to alleviate Gen Z’s mental health concerns.

Gen Z (which generally encompasses workers born between 1997 and 2012) is the generation grappling with the highest levels of stress and anxiety. When surveyed, nearly 75% of Gen Z workers reported feelings of sadness or depression, according to Calm. Moreover, Gen Z stands out as the loneliest generation, stressed about heightened career uncertainty, the escalating cost of living, financial instability and being overworked.

However, Gen Z also distinguishes itself by being 60% more inclined than other generations to advocate for accessible mental health support. Over 75% actively push for a stronger emphasis on workplace benefits. As the first digitally native cohort, prioritizing transparency and fostering open access through two-way dialogues can empower Gen Z individuals to feel more in control.

Establishing a sense of community through opportunities for both in-person and remote meetings fosters a supportive environment. Employers can also implement measures such as mental health days and initiatives like Employee Resource Groups (ERGs) to champion wellness.

Employee mental health is an ongoing conversation and evolution. It’s critical to recognize these trends and take steps toward mental health advocacy to help not only individual employees but the workplace as a whole.

Help your employees take control of their finances with Best Money Moves!

Best Money Moves is a mobile-first financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As an easy-to-use financial well-being solution, Best Money Moves offers comprehensive support toward any money-related goal. With 1:1 money coaching, budgeting tools and other resources, our AI platform is designed to help improve employee financial well-being.

Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. We have robust benefits options for employers, regardless of their benefits budget.

Our dedicated resources, partner offerings and 1000+ article library make Best Money Moves a leading benefit in bettering employee financial wellness.

To learn more about Best Money Moves Financial Wellness Platform, let’s schedule a call. Contact us and we’ll reach out to you soon.

Boosting Employee Engagement: How Financial Wellness Leads to Productivity

Boosting Employee Engagement: How Financial Wellness Leads to Productivity

Boosting Employee Engagement: How Financial Wellness Leads to Productivity. Learn how you can boost your employee engagement and why it should be a priority.

Money is a leading stressor for employees of all ages and income levels. About 60% of employees say that they are financially stressed, according to PwC’s 2023 Employee Financial Wellness survey, and for those earning $100,000+ annually, 1 in 2 employees report having financial stress. 

Poor financial wellness among employees can lead to larger problems for employers, including negative impacts on employee engagement and workplace productivity. The same PWC survey found that 76% of all financially stressed workers felt their financial stress harmed their overall performance. 

Learn more about how money worries may be impacting your workforce and how investing in a robust financial wellness program can help dial down employee financial stress, improve overall well-being and even boost workplace productivity.

A fact about employee engagement and financial wellness.

3 ways financial wellness positively impacts employee engagement and productivity

1. Fewer sick days and lower absenteeism

The effects of financial stress go beyond the wallet and bank account. Over time, money worries can compound and lead to a wide range of physical and mental health issues, such as insomnia, anxiety, depression and more. Stress-induced health issues can lead to increased employee absenteeism, use of sick days and decreased productivity. 

According to Gallup data, about 75% of employer medical costs are due to preventable conditions. For instance, prioritizing financial wellness can help companies address the root cause behind many employees’ physical and mental health issues: financial stress.

By addressing the root cause (and not just the symptoms of financial stress), companies can reduce employee absenteeism and the number of sick days used.

2. A less distracted workforce

Money worries aren’t only limited to the home — for many employees, financial stress also bleeds into the workplace, damaging day-to-day engagement. According to PwC’s survey, financially stressed employees are five times more likely to say their money worries are a distraction at work.

Moreover, 56% of financially stressed employees say they’ve spent at least 3 hours at work thinking about or tending to their finances. Over time, these money-driven distractions can add up and cost employers productivity. A quality financial wellness program helps dial down employees’ financial stress, minimize money-related distractions and ultimately boost company productivity and outcomes.

3. Increased job satisfaction and retention

Financially stressed employees are less likely to see a secure, stable future for themselves at their current employer, compared to employees who aren’t facing financial stress. For instance, financially stressed employees are twice as likely to look for a new job than their peers, according to PwC’s 2023 survey. They’re also more likely to lack a sense of belonging at their company. Together, these factors can lead to higher attrition and employee turnover.

Companies can demonstrate their commitment to improved employee well-being and reduced financial stress by adopting quality financial wellness benefits (e.g., money coaching, budgeting tools, etc.) Investing in financial wellness can lead to a more engaged workforce, increased job satisfaction and a higher likelihood of retention.

When it comes to employee engagement, the right financial wellness tool can make all the difference.

Best Money Moves is a mobile-first financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As an easy-to-use financial well-being solution, Best Money Moves offers comprehensive support toward any money-related goal. With 1:1 money coaching, budgeting tools and other resources, our AI platform is designed to help improve employee financial well-being.

Whether it be retirement planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. We have robust benefits options for employers, regardless of their benefits budget.

Our dedicated resources, partner offerings and 1000+ article library make Best Money Moves a leading benefit in bettering employee financial wellness.

To learn more about Best Money Moves Financial Wellness Platform, let’s schedule a call. Contact us and we’ll reach out to you soon.