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Don't Know What's Causing Your Employees Financial Stress? Ask Them.

Posted February 17, 2023 by CHC Wellbeing. Filed under FINANCIAL WELLBEING, EMPLOYEE BENEFITS
Financial Stress 3

Employee Benefit News

A recent study, conducted by Fidelity Investments, found that 66% of American are contemplating a financial resolution this year and 31% are looking to build their emergency savings fund. However, many are having a hard time doing so due to increasing healthcare costs, inflation and more.  With employees feeling the financial strain of the times and the looming restart of student loan payments overhead, how can employers help? Employee surveys may be a good place to start. This feedback allows employers to find the right tools and benefits to better help their people. Another place to help employees out is through voluntary benefit offerings like tuition assistance, pet insurance, emergency saving funds and more. This way employees can pick and choose which benefits matter to them most rather than a one-size fits all model. Will we see more companies offer these tools and benefits? 

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