Employees may not realize the importance of an emergency savings fund until they experience a sudden financial crisis such as unexpected medical bills, house or car repairs, or job loss. Having emergency savings is crucial for the financial wellbeing of your employees and their families. By helping your employees to build emergency savings, you are […]
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A common mistake that business owners make is confusing employee engagement with employee happiness. While the two are related, they are not the same thing. For example, an employee may be happy in his or her position, but still may not be engaged. Employee engagement refers specifically to the extent to which your members of
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Building and maintaining a positive corporate culture is vital. More than 50 percent of business executives recognize that having a positive culture in the workplace has a positive impact on engagement, profitability, company growth, and organizational value. Workplace culture encapsulates the personality and ethos of your company. It’s an integral part of your business, and
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Around 12 million employees take out a payday loan each year. The average annual salary of these employees is $30,000. With these statistics in mind, it’s easy to see that the employees who need this emergency money are the ones who are often struggling hardest to pay it back — in fact, predatory lenders have
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The millennial generation includes anyone born between 1981 and 1999, and unfortunately, this generation has to deal with a number of financial struggles that no other previous generation has worked through. The main reason for this is millennials grew up or entered the workforce during the 2008 financial crisis. Analyzing the 2008 Financial Crisis The
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According to a 2017 Health and Workplace Benefits Survey which involved 1,518 U.S. workers between the ages of 21 and 64, 83% of employees said that health benefits are very important in the decision to remain in or change jobs. However, only 53% of those surveyed said that they fully understood the health benefits that
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Without your employees, you wouldn’t have a viable business. They enable your business to function, and they enable it to grow, so how you treat them has a significant impact on their performance, their engagement, and their loyalty. This makes employee benefits a crucial factor in achieving your company’s goals and objectives. What are
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At least 44 million American adults suffer from a mental health disorder; many more have not been diagnosed. A startling 9 million of those diagnosed with a mental health condition report having an unmet need for care. Mental health is a sensitive issue in general, and particularly in the workplace. This is largely due to
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Sometimes the unexpected happens. Your car breaks down, the roof starts leaking, a family member has a medical emergency. All these sudden incidences need fixing straight away. But they can be costly, and if people don’t have savings to fall back on, things could start to become very complicated, very quickly. In circumstances like these
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