In this week’s Best Money Moves roundup, we take a look at news stories and new research studies that may impact employee benefits and HR issues. We hope you find this news roundup helpful, and we’d love your feedback.
A lack of savings is one of Americans’ top sources of financial stress. And it’s easy to see why: Forty-eight percent of people say their monthly expenses are greater than or equal to than their income, according to a report from the Center for Financial Services Innovation (CFSI).
This means there’s a good chance many of your employees aren’t saving much (if any) money for emergencies or retirement and they may be digging themselves into debt – another top cause of financial stress.
How can your employees better manage their money?
Are your employees missing out on free money for retirement? A new study found one in five employees don’t contribute enough to their retirement accounts to get the full employer match. Don’t let your workers pass up this money.
Six out of 10 millennials say they’re looking for new employment opportunities. How can you retain your young employees? By building a high-trust culture.
Members of our armed services are especially susceptible to financial stress. Long deployments and frequent moves make it difficult for them to manage their finances efficiently. Here’s what’s being done to help.
Have you checked in on your remote workers lately? Employees who telecommute report feeling more resentment toward their employers and say they’re facing higher rates of burnout. What’s the fix?
Is sitting the new smoking? Spending 40 hours a week sitting at a desk could lead to a number of health problems, from back pain to colon cancer. Encourage your employees to take a break.
Be honest: How much work do you get done on Friday afternoon? More companies, noting a lack of productivity on sunny Friday afternoons, are embracing “summer Fridays” and giving their employees the afternoon (or entire day!) off.
No one really wants to sit in an office all summer. In addition to considering a summer Friday policy, try these eight strategies for keeping employees happy during the summer months.
Your employees want help with financial wellness. More than half of employees in a recent study said they’d like their employers to offer more financial wellness resources.
Is there a secret to employee retention? Motivated, engaged workers are more likely to stick with their current employers. How to inspire your team.
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