Financial Wellness

How to encourage financial diversity in the workplace through employee benefits

We know that when employees are less stressed about their finances, they perform better at work. Less stressed More productive Easier to retain Increased satisfaction However, most organizations aren’t talking about “financial diversity” specifically. What do we mean when we say “financial diversity”? “Diversity in banking, accounting, pricing strategy, and other parts of the financial sector […]

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What borrowers really need to know about their credit score

Written by Samantha Long, contributor.  Money is a topic that many people find difficult to discuss, especially those who aren’t used to being financially comfortable. Whether you’re living paycheck-to-paycheck, have more money now than your family did growing up, or are financially savvy, talking about your finances can be an awkward topic. However, being able

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3 reasons why financial literacy should be on your mind

If you’ve been with us for a while, you know that we talk a lot at TrueConnect about how Americans are struggling with money–staying out of debt, paying off credit cards, saving for the future, investing properly…  Not until recently have many schools started implementing financial education into their curriculum.  This is great for the

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4 topics you have to cover to become “financially literate”

Let’s break down “financial literacy”.  This hot term has made a big appearance all across the country as of late. The goal behind teaching financial literacy is to help people, your employees especially, develop a stronger understanding of basic financial concepts so they can make smarter financial decisions. Since the onset of the pandemic, 91%

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What happened to your paycheck? Personal finance stats for 2022

Guest post by Nick Rubright, Digital Marketing Specialist and expert writer at Mvix. Major economic upheavals have caused serious problems for many people’s finances. The pandemic only served to compound things, with many markets becoming increasingly volatile for the average consumer. If you’re like many individuals, you may be wondering where your paycheck has gone,

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Non-monetary or monetary incentives: what employees really want

What do you think works best when it comes to incentives: anything cash-related or non-monetary items? Your first thought is likely cash incentives. However, you might be wrong… Studies have shown that cash bonuses for top employees only really make a difference about half of the time. So that means that there are a number

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Do financial incentives really work to motivate employees?

Incentives, in general, can be highly beneficial in helping employees achieve tasks and accomplish goals.  Incentives can come in a few different forms: Recognition and rewards Referral programs Professional development opportunities Financial incentives Bonuses and/or raises Fun gifts Any kind of item that is given in response to a job well-done can be an incentive.

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