Rainy Day Fund: Helping Employees Weather Financial Uncertainty

Rainy Day Fund: Helping Employees Weather Financial Uncertainty

Rainy day fund: Helping employees weather financial uncertainty. A surprising number of employees don’t have enough savings to cover unexpected expenses. Here are 4 ways to help employees build a rainy day fund.

Almost one in five employees cannot cover a $400 emergency expense without using a credit card, according to the Social Policy Institute at Washington University, and almost as many would have to borrow money from family or friends. Having a rainy day fund can help people cover low-cost emergency expenses, without disrupting monthly budgets or accruing more debt. 

Here are 4 ways to help employees weather economic hardship with a rainy day fund.

statistic about need for rainy day fund

Rainy day fund vs. emergency fund

Although similar, rainy day funds and emergency funds slightly differ in two distinct ways: the size of the savings and the intended use of the savings. 

Rainy day funds do not have a set amount, but they tend to carry anywhere from $200 to over $1000 in savings. Instead, emergency funds should contain about three to six months’ worth of living expenses. This is because rainy day funds are typically used for small, non-recurring payments, like an unexpected car repair or surprise parking ticket. 

On the other hand, emergency funds should be used to cover large, unanticipated emergencies, like hefty medical expenses or home repairs. In the event of unforeseen job loss, emergency funds can help cover monthly necessities like rent, utilities and food.

4 ways to help employees build a rainy day fund

Rainy day funds can help employees enjoy a higher level of financial wellbeing and security. In the event of an emergency or economic downturn, employees can be assured that they have a financial cushion to help them weather financial uncertainty.  

1. Start a company match program to help employees build a rainy day fund.

Company match programs can help encourage employees to save. Moreover, they can also help direct employees on where to save. For instance, employees may be more likely to funnel their savings to their 401(k) account if they know that the funds will be matched by their employer.

Instead of just matching retirement contributions or philanthropic donations, consider applying the company match model to other accounts like rainy day funds. This can help employees at all income levels build a financial cushion and improve their financial security.

2. Invest in financial advisors.

Building a rainy day fund doesn’t happen overnight, it takes time and planning. And for some employees that planning is best done with a financial advisor. 

There is no clear-cut amount one should have in their rainy day fund, but with a financial advisor, employees can develop a target amount that works best for them. Regardless of one’s financial situation or level of income, a quality financial advisor will offer personalized solutions fit for any employee’s circumstance. 

3. Provide financial wellness resources and programs.

Beyond financial advising, there’s a whole suite of financial wellness resources that can help employees prepare for financial hiccups. For instance, budgeting tools are an effective way to help employees break down penny-by-penny what money is incoming and outgoing. Budget mapping can also help employees find opportunities to lower their expenses and increase their savings for a rainy day.

4. Offer access to affordable lines of credit and loans for when a rainy day fund isn’t enough.

Rainy day funds grow overtime, but what if some employees need an immediate solution to a financial emergency? Firms can provide an extra layer of financial support by making affordable lines of credit and loans accessible to employees.

Looking for an easy-to-use financial wellness solution? Give Best Money Moves a try!

Best Money Moves is a mobile-first financial wellness solution designed to help employees dial down their financial stress and meet their most top-of-mind financial goals. With budgeting tools, strategic partnerships and 1:1 money coaching, Best Money Moves offers users easy, compressive financial advice right from their phones. 

Best Money Moves is designed to guide employees through the most difficult financial times and topics. Our dedicated resources, partner offerings and 700+ 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.

The Top 12 Workplace Trends of 2022

The Top 12 Workplace Trends of 2022

The top 12 workplace trends of 2022. These 12 trends could be the key to keeping workforces focused, productive and successful in 2022. 

COVID-19 has shifted workplace priorities — many of which have become the new normal for 2022. Staying ahead of workplace trends can help your team attract and retain top talent, and position your team for success in a “post-pandemic” future.

Here are the top workplace trends of 2022 and how your company can keep up and stand out. 

Plus, don’t miss the full 2022 Workforce-Workplace Forecast, hosted by Best Money Moves Founder/CEO Ilyce Glink and trend-spotter CEO Joyce Gioia of the Herman Group do a deep dive into Gioia’s 2022 Workforce-Workplace Forecast.

Top 12 workplace trends for 2022

 1. The Great Resignation continues

Even two years into the Covid-19 pandemic, employees and positions are still in flux and many are reconsidering their careers. Around 1 in 3 Americans under 40 say that they’ve considered a career change since the pandemic began, according to a Washington Post-Schar School poll. 

Today’s hybrid labor market enables people and positions to continue to shift. For example, people once who endured low wages and poor work conditions are increasingly looking toward remote positions for a better work experience.

Standout solution 1: Conduct “stay interviews”

To combat this employee exodus, employers have started conducting “stay interviews” to see what makes employees stay, and conversely, what might make them leave. Understanding the hearts and minds of your most loyal employees is crucial to talent retention and acquisition, and stay interviews help employers gain such insights. Find out what your company does well and where it may need some change, from the people that understand your organization best: your employees themselves.

 2. Rewrite the rules to support hybrid work

The pandemic has changed the workplace as we once knew, and offices may never be the same. Around 90% of U.S. employees want to work from home at least once a week, according to a Prudential survey, and almost 70% want to be able to work from home even after the pandemic. Many companies have embraced the hybrid work model as here to stay; however, a hybrid work model requires traditional rules and systems to be rewritten.

Standout solution 2: Offer your team as much flexibility as you’re able

The flexibility that was once wishful-thinking is now accessible and within reach.  Allow employees to create their own work-life balance. Perks like flexible hours and virtual dress codes can go a long way, especially for employees balancing work and caregiving responsibilities.

3. Covid fatigue remains in the workplace

Employees (both remote and in-person) continue to struggle with Covid fatigue or workplace fatigue largely due to Covid-related changes. Leaving fatigue unaddressed can hurt employee mental health and lead to burnout and higher attrition. 

Covid fatigue manifests in different ways. For example, nearly 50% of remote employees reported having “Zoom fatigue,” or a high degree of exhaustion from daily video calls, which can cause chronic stress and anxiety. In-person employees are stretched thin from extra duties as vaccine and mask enforcers; moreover, they remain the most vulnerable to customer abuse and getting ill.

Standout solution 3: Ask employees what they need to feel supported

Encourage recurring feedback on how the pandemic has affected all employees and how you can further address their needs. Some employers have offered therapy resources and meditation apps; others have instituted new policies to protect workers from customers who may be more aggressive than normal due to their own pandemic stress. Work collaboratively with your employees to find what they feel they need most.

4. Customer service suffers: burned-out employees

Consumers are increasingly frustrated with the poor customer service during the pandemic. Almost 80% of consumers said they’ve had to contact customer service multiple times for one issue and 55% said their issue never got resolved, according to an NBC and Telemundo survey. 

However, poor customer service can be a product of employee burnout. With employees leaving, customer service teams are largely understaffed; simultaneously, there’s a lack of hiring, thus leaving the burden of work on remaining employees. About 80% of employees say they are burned out, said a Deloitte survey, and nearly 70% feel their employers are not doing enough to prevent or alleviate burnout.

Standout solution 4: Put care and connection first for customers and employees

Customers don’t like when businesses are unreachable and unresponsive but employees also struggle to manage the influx of customer service calls. Employers can ease responsibilities for employees and satisfy customers through callback technology to minimize wait times or data analytics to anticipate customer needs.

 5. Expanded definition of “total rewards”

Total rewards are more than just “total compensation;” rather, total rewards are the combined benefits, rewards, compensation, flexibility and opportunities that employees receive from their employer. 

On an individual level, total rewards can include benefits and growth opportunities salient to an employee like career growth, positive culture or healthy work-life balance. Total rewards have been a driving force for many employees changing jobs during the pandemic, even if it means taking a pay cut.

Standout solution 5: Offer creative, tailored rewards

Get creative and see what additional benefits may give your company a talent strategy boost. Some employers have adopted on-site childcare to make up for the childcare reductions during Covid-19; others leverage free food and on-site childcare opportunities. See what changes may be most beneficial to your workforce and overall talent strategy.

6. Unconscious bias remains alive and well

About 50% of Black and brown women said that they’ve been mistaken for administrative or custodial staff, and name bias continues to influence hiring practices. While senior leaders feel they’re doing their best with diversity, equity and inclusion (DEI) commitments, employees don’t necessarily agree. This disconnect highlights an opportunity for companies to understand and improve their DEI shortcomings.

Standout solution 6: Find appropriate DEI soundboards, without tokenism

When making company decisions, take the extra step to incorporate a DEI lens. Leverage the experience of employees from many different backgrounds to check for potential bias and other forms of marginalization. However, when creating a soundboard, be mindful not to tokenize employees for their identities — no single person alone can represent an entire group.

7. Employers show increased concern for employee wellness & wellbeing

Employers have grown increasingly committed to employee wellbeing during the pandemic. However, employers must take a comprehensive approach to wellness and wellbeing beyond just the physical. Overall wellbeing incorporates the mental, emotional and financial wellness of all employees.

Standout solution 7: Invest in financial wellness resources

Like mental health resources, financial wellness is a benefit gaining popularity. Money is a leading cause of stress among employees, and many want help. Over 80% of employees say they look toward their employer for personal finance help, beyond building retirement and emergency expense safety nets. Financial wellness programs are a personalized solution to help employees address their biggest financial stresses, whether it be mortgage and car loans or improving their credit score.

Learn how financial wellness can better employees while saving your company money with Best Money Moves.

8. Learning, development and communication continue to evolve

Slack, Zoom and other technologies have transformed how we learn and work together, especially in a multi-generational workforce. Everyone has different communication preferences, so make sure teams know how to stay in touch and engage with each other in a meaningful way.

Standout solution 8: Find creative ways for employees to learn and engage

Although Covid-19 has limited the ways in which we connect, find creative opportunities for employee collaboration and engagement. Some companies are using augmented reality (AR) technology to facilitate communication and development. Companies across various industries have reported that using AR technology improved employee engagement and productivity (32%), according to IBM.

9. Employers refocus on the employee experience

Part of employee wellbeing is focusing on the employee experience, whether working in-office or at home. The work environment is critical to employee wellbeing, and every touchpoint with employees is important. How do you respond to resumes you like and don’t like? What is it like to work for your company? How is the onboarding process?

Standout solution 9: Invest in your workforce’s specific needs

The pandemic has opened the door to widespread changes, which McKinsey analysts have dubbed the “new possible.” Work to understand your employees’ specific needs and try to meet them. Maybe your employees could use on-site childcare or gym reimbursements — survey your workforce and try to best meet their needs.

10.  Employers seek recognition as an employer of choice

Employers of choice are highly desirable places to work, often known for their culture, benefits and more. Employers of choice generally get first dibs on the best candidates as they look for value, respect and reciprocity. So, employer of choice status can give your company a competitive edge, particularly over less adaptive companies.

Here are several ways companies of all sizes can obtain employer of choice status:

  • See what employees think about your organization on company review sites (e.g., Glassdoor.com and Vault Rankings)
  • Apply to the variety of  U.S. business awards 
  • Compare your organization’s practices to industry-leading standards and benchmarks (e.g., workplace safety, labor rights, sustainability and etc.)

Standout solution 10: Create your own company culture

Crafting an authentic company culture can help distinguish you from competitors, while convincing top talent why they should choose you. What is it like working at your company? What are the company standards and how can the company be improved? For example, can you offer more tailored benefits or update company values?

11.  Diversity on boards continues to rise

Following the racial justice movements of 2020, board diversity has increased. Women, of all races, have received more board representation. The number of S&P 500 Black Director appointees has increased by nearly 200%, according to ISS Corporate Solutions, Inc. 

Standout solution 11: Integrate diversity at all levels of employment

To keep the momentum going, companies should work to integrate diversity at all levels of employment — from entry-level and middle-management to C-suite execs and board members. This takes a holistic approach to diversity in the workplace, by not concentrating diversity at a specific level of employment.

12.  Big data in HR marches on

Big data, or technology that helps teams process large quantities of information, is becoming an integral part of HR practices and people analytics. Today, big data is commonly used to streamline hiring processes and payroll and link employee data to company metrics. Big data can also help inform key business decisions by providing quantitative evidence to qualitative matters.

Standout solution 12: Vow to use personal data responsibly

The rise of remote work and e-commerce has given companies abundant access to employee and consumer personal data; unfortunately, some companies violate privacy boundaries to obtain such data and it’s an increasing concern among Americans. 

Over 95% of U.S. consumers say more should be done to ensure companies protect consumer privacy, according to Consumer Reports’ Digital Lab. Beyond making sure company data is secure, it is equally important to ensure that employees’ personal data is used responsibly and ethically.

Looking for a financial wellness solution fit for all? Check out Best Money Moves!

Best Money Moves is a financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As a comprehensive financial wellbeing solution, Best Money Moves offers 1:1 money coaching, budgeting tools and other resources to improve employee financial wellbeing. Our AI platform, with a human-centered design, is easy to use and fit for employees of any age. 

Whether it be college planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. Our dedicated resources, partner offerings and 700+ 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 Family-Friendly Benefits to Support Employees

4 Family-Friendly Benefits to Support Employees

4 family-friendly benefits to support employees. Work-life balance is an important focus for workforces. Consider these 4 family-friendly benefits to support employee growth and financial wellness. 

Employers are investing in the work-life balance, with a keen focus on supporting families. About 60% of U.S. employers say family-friendly benefits have been critical to their talent strategy, according to a Willis Towers Watson survey.

Family-friendly financial benefits aim to support employees at all stages of their family-planning journey, from adoption and conception to planning for the family’s future. Here are 4 family-friendly benefit options for your team.

4 family-friendly benefits to help support families at any stage

 1. Accessible fertility benefits

About 60% of employees said that family-forming and fertility issues have impacted their work performance, according to the National Infertility Association, and 77% said they’d stay with their employer at their company longer if fertility benefits were offered. 

Fertility benefits enable all employees — regardless of gender, sexual orientation, relationship status or physical health — the opportunity to build a family. 

Common fertility benefits, per the International Foundation of Employee Benefit Plans (IFEBP), include:

  • Fertility medications
  • In vitro fertilization (IVF) treatments
  • Visits with health counselors (e.g., surrogacy advisors)
  • Genetic testing

Almost 25% of employers offer fertility medications and IVF treatments to employees. More expansive plans are emerging with egg freezing and non-IVF fertility treatments. 

Fertility benefits can foster an inclusive and equitable workplace and approach to family, particularly for LGBTQ+ employees and single prospective parents.

 2. Equally accessible benefits options for adoption

Fewer employers offer benefits for adoptive parents; however, this is changing. Almost 30% of employers offer paid adoption leave, which `gives adoptive parents time to bond with their children of any age, according to the Society for Human Resource Management (SHRM). Other employers have also introduced foster leave. 

Adoption reimbursement and other financial assistance are also gaining traction. The cost of adoption can be thousands, and ultimately present a financial barrier to family building and security. Employers can equitably support employees looking to adopt by helping remove any barriers to a successful adoption.

Moreover, studies have shown that adoption benefits improve employee loyalty and retention at companies, even for employees who do not intend on using the benefits themselves. This is because just by offering adoption benefits, the employer is viewed as sensitive and caring, to even the most personal employee needs.

 3. Parental leave, beyond the federal minimum

Under federal law, employees are only guaranteed 12 workweeks of unpaid family medical leave; however, this only applies if their employer is a public organization or company with 50+ employees. For many, this isn’t enough. Many families cannot afford unpaid leave, causing many women to choose between caregiving and work.

And women choose caregiving, in mass numbers. Between 2020 and 2021, over 2.3 million women have exited the workforce, dropping the women participation rate to historic lows since 1988, a SHRM report said.

To support the work-life balance of all employees, companies started offering their own parental leave policies beyond the federal minimum, according to SHRM, such as:

  • Paid maternity leave, including family/parental leave (53%) 
  • Paid paternity leave, including family/parental leave (44%)
  • Paid parental leave (39%)

Rather than only focusing on leave for birth-giving parents only, parental leave is to support birthing and non-birthing parents of all genders. In addition, paid leave, even if it’s a percentage, can help alleviate income loss and financial stress.

4. Family-friendly financial wellness resources to aide in family planning from start to finish

Pre- and post-pandemic economics have caused deep financial stress, and financial stress looks different from family-to-family. For some, it is planning for retirement, while for others, it’s budgeting for daycare, which can cost upward of $1000 a month. Nonetheless, employees are looking for financial wellness resources to support their family and financial goals, at all stages of life.

More than half of millennial parents say that kids are more expensive than they thought, according to a Bank of America report. Budgeting and calculating resources can help assess the true cost of family expansion, especially for first-time parents. 

More than 60% of Americans live paycheck to paycheck, according to a recent LendingClub report. And almost half find it difficult to pay their monthly bills on time, according to PwC. So, for some families, their financial goal is to simply live within their means. Others may focus on saving for a newborn, college or retirement. Regardless of the financial issue, the best financial wellness resources personalize their solutions to each employees’ needs.  

Looking for a family-friendly financial wellness solution fit for all? Check out Best Money Moves.

Best Money Moves is a financial wellness solution designed to help dial down employees’ most top-of-mind financial stresses. As a comprehensive financial wellbeing solution, Best Money Moves offers 1:1 money coaching, budgeting tools and other resources to improve employee financial wellbeing. Our AI platform, with a human-centered design, is easy to use and fit for employees of any age. 

Whether it be college planning or securing a mortgage, Best Money Moves can guide employees through the most difficult financial times and topics. Our dedicated resources, partner offerings and 700+ article library makes 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.

What is Employee Financial Wellness?

What is Employee Financial Wellness?

What is employee financial wellness? With financial stress on the rise among employees, what can employers offer to help? Here’s what to know about employee financial wellness benefits. 

Sixty-three percent of employees feel their financial stress has increased since the start of the COVID-19 pandemic, according to PwC’s 2021 Employee Financial Wellness Survey. Now they want their employers to step in: The same survey found that 87 percent of participants want help with their personal finances.

As reducing financial stress becomes a top priority for employees, financial wellness benefits may be the key to retaining top talent.

What is employee financial wellness?

An employee’s financial situation impacts more than their wallet. Employee financial wellness refers to the way personal finances tie in to overall physical, emotional and mental health. Financial stability is an important component of overall employee wellness.

How does financial stress impact employees?

Long-term financial stress can impact a person’s overall wellbeing. Employees with elevated levels of financial stress are four times as likely to experience a decrease in overall household income, and struggle with meeting monthly household expenses.

These stressors can carry over into the workplace. Concerns about being able to manage finances and pay bills have naturally impacted employee performance, leaving many stressed and distracted. Other research studies echo the same sentiment of financial stress impacting employee lives and productivity. In a survey conducted by the Society of Human Resource Professionals (SHRM), 37% of employed adults agreed or strongly agreed that they had to miss work because of a financial emergency in the past 12 months.

Without employer support, financial stress can also become a retention issue. Of those surveyed in PwC’s Employee Financial Wellness Survey, 72% said they would be attracted to a different organization that cared more about their financial wellbeing. o keep the most productive and talented employees and show that the organization cares about their staff, employers will need to strengthen their financial wellness programs.

How can employee financial wellness programs reduce employee stress?

Employee financial wellness programs are any benefits that can help employees more successfully manage their personal finances. Retirement savings and safety net insurance are the most common benefits offered by employers. However, employees are also voicing their need for additional wellness programs, such as consulting for wealth management, estate planning and investments; financial literacy training on the basics of budgeting, debt and credit management, and other personal finance topics; and emergency funds preparedness.

Fewer companies provide financial well-being programs such as coaching services about everything from the basics of budgeting to credit score monitoring. However, according to the surveyed HR professionals who come from organizations that do, these programs are now more crucial for employee financial well-being. Emergency funds, financial planning and financial coaching services have all been used more by employees since the start of the pandemic.

Offering financial wellness programs for your workers can result in reduced mental stress, which can potentially improve productivity and retention rates. Since employees find financial wellness support as a top priority from their employer, they may be less likely to seek work elsewhere if they already feel that their financial needs are being met.

Looking for an all-inclusive employee financial wellness plan? Try Best Money Moves.

If you’re looking for a first-in-class financial wellness solution, Best Money Moves could be the answer you need. Best Money Moves is a financial wellness program that provides all the guidance and support employees need to help them reduce their financial stress. It has tools and features that help employees measure their financial stress, budget for monthly expenses, pay down debt and plan for emergencies. 

Employees can talk to trained professional financial counselors and educate themselves about everything from investing to co-signing loans and buying their first homes with access to a library of over 700 articles, videos and calculators. 

Best Money Moves is also gamified, featuring a point-based rewards system where users earn points every time they log in, enter their information into their profile, work with their budgets, read articles and measure their stress. Each point translates into a chance to win a monthly contest.

Employers want a financial wellness program that is expansive, engaging and suited to meet each of their employee’s unique needs and they’ve found it in Best Money Moves.

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.

DEI & Financial Wellness: Bridging the Retirement Race Gap

DEI & Financial Wellness: Bridging the Retirement Race Gap

DEI & Financial Wellness: Bridging the retirement race gap. Learn how the retirement race gap affects your workforce, and how your company can prevent retirement insecurity by addressing it head-on.

According to a report by Morgan Stanley, white retirees have seven times the retirement savings of Black retirees, and five times the retirement savings of Latinx retirees, at work. Employers can help bridge the race gap. Start with a focus on employee financial wellness and equity.

What is the retirement race gap?

The retirement race gap is the disparity in retirement preparedness between Black Americans and Americans of color, and their white counterparts.

The retirement gap is fueled by inequality in the workplace

Black and Latinx employees are paid 26 to 39 cents less for every dollar that white employees make. However, when you factor in gender and race, Black and Latinx women are the least prepared and secure for retirement. For each $1 earned by white men, Latinx and Black women make 57 and 64 cents, respectively.  

The racial wage gap often leads to the retirement race gap because earning less over one’s entire career stifles growth and security into retirement. Companies can address these disparities by taking a deeper look at their own equity and compensation practices.

How to close the retirement race gap, while improving financial wellness and DEI

Research from T. Rowe Price suggests that the workplace is where most employees look for advice for their lifetime financial goals, and this is equal across races. However, the level of financial stress and support differs across races, and the trend continues well into retirement. Companies can support employees’ financial goals and disrupt inequality by addressing the retirement race gap. Moreover, doing so prioritizes employee financial wellness with a DEI approach.

1. Set fair, equitable hiring practices and promotion opportunities

Whether it be name bias or stereotyping, hiring discrimination helps concentrate people of color into jobs and industries less likely to offer retirement benefits. In such industries — accommodation, food and waste — less than 40% of workers are offered retirement benefits, according to Dr. Nari Rhee from UC Berkeley.

Companies can help close the retirement race gap by offering unconscious bias training and analyzing how it affects the hiring process. Some employers have taken it a step further and require applicants of color to be interviewed for all internal and external positions.

2. Host company incentives, like match contributions, to encourage benefits use

Events, contests and webinars can be an easy way to encourage employees and teach them about 401(k) tax benefits. A leading incentive that enhances employee engagement and loyalty is a match contribution program. Employees often see match contributions as an investment in themselves and their financial futures. And knowing retirement funds will be matched, employees are increasingly motivated to save.

3. Add financial wellness programs and education to employee benefits

Employees have different levels and causes of financial stress, so naturally, they each have different financial goals. Financial wellness programs can offer personalized help to address employees’ most pressing financial stress. Whether through 1:1 coaching and detailed calculators, financial wellness programs can help employees develop financial literacy and confidence, as well as money management skills.

4. Address the retirement race gap head-on and use 401(k) auto-enrollment to increase participation

If you already offer retirement benefits, consider auto-enrollment for all employees. Studies show that auto-enrollment substantially increases employee participation because employees are unlikely to opt out. Once enrolled, employees will likely make an effort to educate themselves on 401(k)s and contribute, and employers can facilitate such learning.

5. Track progress and revisit company goals annually

Closing the retirement race gap will not happen overnight; however, with continuous work and dedication, companies can curtail the wealth disparity. Keep track of company progress and engage employees for feedback — see how new initiatives work, and what old practices may need revisiting. It’s important to check in annually to take stock of progress made and opportunities for change.

Looking for a financial wellness solution? Consider Best Money Moves.

Best Money Moves can help your employees address their financial stress and become prepared for retirement, regardless of their stage in life or previous money habits. Best Money Moves offers personalized financial wellness resources and education, focused on solving your employees’ pain points. The program uses artificial intelligence and a human-centered design to measure employee financial stress and then dial it down with personalized solutions. Our budgeting tools, personal finance guidance and more help employees make more informed financial decisions and reduce their overall stress.

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.