Employee Benefit News
With inflation on the rise, financial benefits have become more important than ever. Workers are struggling financially and this stress is impacting productivity. In fact, over the last six months, 54% of Americans have had trouble covering expenses between pay periods and 3 in 4 of these individuals said that the financial struggle is negatively impacting their work. The basics, such as healthcare coverage and retirement assistance, are no longer enough. Employees are looking for more tangible benefits to help with their financial wellbeing. Benefits such as on-demand pay may be the way of the future. This gives employees the power to access their earnings prior to a typical pay period so that they can cover unexpected expenses. Giving employees financial independence and support can go a long way in creating the workplace culture so many are looking for.
