Log in
Book a Demo

5 Surprising Symptoms of Financial Stress (And 5 Helpful Solutions) Read it here.

Book a Demo
What Are the Latest Trends in Benefits Strategies?

What Are the Latest Trends in Benefits Strategies?

by | Jun 6, 2018 | Blog

In the Best Money Moves Roundup, we run down the latest news including digitized benefits programs, the best 401(k) plans and tips for retention.

Are your benefits keeping up?

Most employers agree that managing benefits is increasingly complex, which explains the tremendous growth in outsourced technology for HR.

The 5th annual Guardian Workplace Benefits Study found that 8 in 10 employers outsource at least 1 benefits-related function. Roughly 40% of employers plan to expand cloud applications, use a new platform/software, or integrate more functions to their current technology in the next 3 years.

There’s no sign that digitized outsourcing of employee benefits is going to slow down anytime soon. Review your benefits program to make sure it stays competitive as technology continues to transform HR functions.

Digital transformation is critical. Learn about the technological growth reshaping business management. Ready for more?

How does your 401(k) plan measure up? The best 401(k) plans do 5 things to boost employee retirement savings. See if your plan holds up.

Effects of the opioid epidemic on the American labor force. Employers are hit hard with diminished labor forces, compromised productivity and higher healthcare costs. What can you do about it?  

Boost employee loyalty. By focusing employee investments you can increase retention and job satisfaction. Read about the three things that matter most.

Make the most of exit interviews. Take advantage of exit interviews to improve retention strategies. Questions to ask.

Keep a great company culture. One of the toughest retention challenges employers face is maintaining a culture that employees want to be a part of. Here are 3 tips to help.

Should you foot the bill? Walmart is the newest company to offer a tuition program for relevant degrees. See how it correlates to retention and engagement.

Set new employees up for success. It’s important to build trust between your team and a new employee. Avoid these 5 pitfalls.

Have something to add? Email info@bestmoneymoves.com.

Wait Till You See the Results From SHRM’s Employee Benefits Survey

Wait Till You See the Results From SHRM’s Employee Benefits Survey

by | May 23, 2018 | Blog

In the Best Money Moves Roundup, we run down the latest news on employee benefits, retirement and workplace legislation.

The Society for Human Resource Management’s annual survey tracks trends in employee benefits. Here are our top 3 takeaways from SHRM’s 2017 report:

  1. Wellness benefits work. Most employers agreed that their wellness program reduced healthcare costs and improved employee health.
  2. Standing desks take the cake. Standing desks have increased 30% over the past 5 years. It is the highest increase of the 300+ benefits included in the survey!
  3. Flexibility is attractive. More flexible work arrangements – like casual dress and telecommuting – were ranked one of the most effective recruiting strategies.

Now is the perfect time to evaluate your current benefits. Do your wellness benefits meet the needs of your employees? Do you have a financial wellness program? No time like the present to take a look at what’s working and what your employees value most.

Employers can now bar worker class-action lawsuits. The U.S. Supreme Court ruled that employers can enforce arbitration agreements signed by workers, even if those accords bar group claims. Read more about the ruling and if it’s relevant to your company.

Could zero-based budgeting work for you? Some companies are switching to a zero-based budgeting approach to sustain a lower cost structure. See if your organization could benefit from ZBB.

ROI for supporting breastfeeding moms. Employers who invested $1 on a supportive environment for breastfeeding mothers saved $3 on average. Find out why it’s worth the investment.

401(k) contributions at a record high. Information reported from the first quarter of 2018 shows just how important 401(k) benefits are to employees. How this record could be attributed to workplace managed accounts.

Amazon’s “Pay to Quit” program. Once a year Amazon offers full-time associates up to $5,000 to leave the company. Why it’s working for them.

Social media use at work lowers retention. It isn’t killing productivity like employers think it is, but instead social media use at work exposes employees to other opportunities which can lower retention. Here are some solutions.

High workplace drug use. Findings from more than 10 million drug tests showed the highest rate of drug use in the workplace in over a decade. See the full results breakdown here.

Benefits of break time. Regular downtime helps employees be more productive and think outside of the box. Find out how it works.

Have something to add? Email info@bestmoneymoves.com.

How you can help lower employee financial stress

How you can help lower employee financial stress

by | Jun 19, 2016 | Blog

Maybe you’ve noticed a faraway look in your employees eyes as you approach them. The few extra personal days they take. Leaving a bit early. Coming in a bit late.

Then you get the productivity reports: They’re down. Turnover is rising. Employee engagement is down.

And, this: More of your employees are spending time in the HR corridor, talking with your HR staff about their own personal financial problems.

We’ve heard this story all over the country, as HR staff talk about trying to counsel employees about their personal financial troubles – but they don’t feel qualified, since many of them are in debt and struggling to make the numbers work, too.

We know stress makes people sick. Financial stress makes them even sicker. But up until now, employers haven’t wanted to engage on this topic because it speaks to the heart of the biggest issue between employees and employers: pay.

Employers believe is they ask their employees why they’re so stressed financially, the answer will be “I need more money.” And, no employer wants to hear that.

The truth is, if you don’t know how to control your cash, no amount of money will be enough. How do we know? Look at lottery winners. Most people who win the lottery are broke in two years.

Sure, everyone will take a raise, but the simple truth is that no matter how much you earn, if you spend more than you take home each year, you’ll be broke. And, that is true whether you earn $35,000 or $350,000 per year.

But you can help your employees lower their stress levels. Just give them Best Money Moves. We’re a mobile-first tool that helps employees measure their financial stress in 14 different categories, and then use a unique content-mapping system to provide the exact information they need to help them solve their problem and dial down financial stress. We utilize a a point-based reward system that encourages your employees take a fresh look at their finances. And if it’s all too overwhelming, and financial stress levels soar, we push them to call our nonprofit Money Coaches, who can walk them through their budget and help find ways to reduce their financial stress.

Mostly, we help your employees understand that they can control their cash and lead less stressful, more productive lives.

Call us today. Best Money Moves. It’s the best move you can make to help your employees become a more productive, engaged and empowered workforce.