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.
Last week, Delta Dental Colorado saw some much-deserved recognition for adding financial wellness to its employee benefits program. Since launching Best Money Moves in May, 65 percent of the company’s employees have started their journey toward dialing back their financial stress.
Helen Drexler, CEO of Delta Dental Colorado, had many kind things to say about what Best Money Moves does for her employees.
“I think financial wellbeing is something many employers are beginning to see as a foundational part of any benefit strategy,” she said. “If employees aren’t feeling financially healthy, they suffer stress and it impacts their ability to be focused and work effectively in the workplace.”
Workers of all generations benefit from Best Money Moves’ customizable tools. Our proprietary algorithm, designed to respond to employees’ unique financial concerns, provides tailor-made collections of articles, videos, calculators and other educational materials that help people get a better handle on their money.
“My 64-year-old employee might have different financial questions than my 25-year-old employee,” Drexler continued. “Their ability to customize based on the end user was really innovative.”
Financial stress is distracting your employees. It’s widely accepted that financial stress has permeated the workforce, and that’s bad news for your employees. Learn what you can do to help.
Mental health days are more important than you might realize. According to a report by the National Business Group on Health, mental illness and substance abuse disorders can cost employers an estimated $17 billion each year. Here’s what the experts say.
Do your employees know what to do in the event of a cyberattack? Seventy percent of workers don’t, according to MediaPro’s second annual State of Privacy and Security Awareness Report. This is why companies need to help employees prepare.
Does your company support remote work? You might want to consider it. According to Owl Labs and TINYPulse’s 2017 State of Remote Work report, companies that allow remote work experience 25 percent lower employee turnover. See the full report.
Many employees are unsatisfied with their current career paths. In fact, only 37 percent of employees surveyed by the University of Phoenix reported being “very happy” with where their professional lives were headed. What does this mean for you?
What’s a better: hiring a skilled employee, or a loyal one? Both offer their own benefits, but it can make a big difference for your company which type of person you choose. Learn more.
When it comes to attracting top talent, perks matter. Some companies take this to the extreme, doing their best to one-up each other with the best (and sometimes strangest) benefits available. Here are 12 of the most luxurious employee perks.
Paid family leave is becoming a top employee benefit. It makes sense, considering more and more workers are caring for both children and aging parents. Is paid family leave is right for your company?
Are you engaging your hourly workers? With fewer financial incentives, performance evaluations can be a good way to show hourly workers they are valued, and promote retention and engagement. Read these stats before you start.
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