Employers

Financially responsible employees are more productive

The Power of Financial Security: Why Employers Should Promote Long-Term Planning with 401(k)s

Your primary objectives as an employer are likely to be attracting and retaining great people, while ensuring that your workforce is engaged, productive, and motivated. Promoting long-term financial planning through 401(k) retirement plans is one method to achieve this. Giving your staff a strong financial foundation will helping them feel less stressed and anxious about money, be more loyal to your company, and have better overall health. In fact, studies have shown that employees who take part in 401(k) plans typically have higher levels of engagement, productivity, and job satisfaction than those who do not. We’ll discuss the various advantages of encouraging 401(k) participation in the workplace in this blog article, as well as offer statistical information and analysis to assist you see why investing in your employees’ financial futures is crucial for the long-term success of your business.

Employee benefits to attract and retain employees

Employee Wealth & Wellness for Productivity and Retention

In today’s competitive job market, employee wellbeing has become an increasingly crucial component in keeping top talent. In an effort to recruit and keep the best employees, businesses are realizing the value of fostering physical, mental, and emotional well-being in the workplace.

According to research, investing in employee wellbeing can have a considerable impact on staff retention. Employees are more likely to be engaged, satisfied, and dedicated to their jobs when they believe that their employer prioritizes their well-being. Employees may grow disillusioned and eventually look for work elsewhere if they feel unsupported or under stress, though.

Businesses are putting in place a range of initiatives and programs to encourage employee wellbeing. This can include providing health and wellness perks, giving people the chance to exercise, and developing a welcoming and inclusive workplace atmosphere. Companies can foster a happier workplace and keep their best employees on board for the long haul by giving employee wellness a high priority.

The Effects of Cost-Optimizing Your 401(k) Plan For Higher Participation and Employee Engagement

Do you know what percentage of Americans on average were enrolled in a 401(k) in 2019? Only 38% It’s true that some jobs do not offer retirement savings, but many of that remaining 68% are American workers actively deciding not to take part in their provider’s 401(k). One of the culprits for this low enrollment …

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Financial Wellness in a Digital Age: Actionable Ways to Engage Participants

‘Once you’ve got your tech platform sorted, you can leverage different tools like breakout rooms and whiteboards’ Implementing financial wellness programs with plan sponsors was already hard. Cue COVID-19 and the challenges have multiplied. Advisors are no longer able to gather employees around pizza in a conference room to walk them through a PowerPoint presentation. In fact, it seems like most financial wellness programs have completely ceased as a result of …

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Employee Financial Health and the Impact at Work

Employee Financial Health and the Impact at Work

Handling your finances can be challenging, especially for employees. Not only are workers losing sleep at night because of looming debts or financial insecurity, but the negative impact of those issues is also spilling over into the workplace.  Research commonly suggests that poor financial health affects employees’ overall mental and physical wellness and workplace performance.  …

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20 Questions That Measure Employee Engagement

Employee engagement is key to running a healthy, successful company. But it’s notoriously difficult to measure. How can you get a solid read on employee engagement? The answer is simple: engage with your employees. Employee surveys, when utilized properly, can be instrumental in gauging employee satisfaction and engagement. Consistent, quality feedback is essential to meeting …

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Billionaire Warren Buffett just turned 90—here are 6 pieces of wisdom from the investing legend

Berkshire Hathaway CEO and self-made billionaire Warren Buffett turned 90 on Sunday, August 30. And he’s not slowing down. In honor of the Oracle of Omaha’s big day, CNBC Make It rounded up six of his best pieces of investing — and life — advice. 1. Think long-term If you’re planning to invest in individual stocks, don’t …

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How to Improve the Employee Experience Through Rebuilding Trust

How to Improve the Employee Experience Through Rebuilding Trust

Trust is the basis of all strong relationships. Without trust, there can be no open communication, no improvement, and ultimately, no success. A Towers Watson Workforce Study shows that only 55% of surveyed employees in the United States had “trust and confidence” in their senior leaders. This lack of trust between employer and employee can …

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WP-Healthcare-Savings-Strategies-I,-II,-and-III

A Profit-Focused Approach to Group Healthcare for 80 to 1,000 Insured, Employee Groups

Healthcare Savings Strategies I, II, and III Healthcare is only getting more expensive Traditionally insured healthcare costs are increasing yearly at exorbitant rates. With the original cost of each claim so difficult to ascertain, it becomes impossible to gauge the appropriate cost to employees and employers. 1 in 5 companies sees an annual rise in …

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