The economic impact of the pandemic has had a profound impact on the livelihood of individuals and small businesses across the country. The longstanding national lockdown has altered the daily lives of Americans and shifted the norms of modern society. It’s been no secret that health concerns regarding the volatility of the virus are […]
The Pandemic’s Impact May Change our Behavior Forever Read More »
Life happens. But it’s impossible to predict how and when emergencies will happen. Medical bills, home repairs, a job loss, an unexpected injury, even rent expenses, can suddenly become an unmanageable cost if you have no emergency fund to fall back on. Lack of a financial safety net can send you into a vicious cycle
How to Build an Emergency Fund Read More »
The country is experiencing an unprecedented economic downturn that has left nearly 36 million people unemployed with little hope for what their financial future holds. Even before the pandemic, about 40% of people did not have the cash available to cover a $400 emergency and up to 78% of people reported living paycheck-to-paycheck. What’s
Only 57% of American Adults Consider Themselves Financially Literate Read More »
Sourcewell is an organization whose goal is to help nonprofit, educational, and government agencies save time and money with contract purchasing solutions in order to support their employees. The organization has been operational for more than 40 years, allowing agencies to buy goods and services without an RFP, with more than $300 billion in
How HR Can Maximize Sourcewell (Formerly NJPA) Benefits Read More »
In just under two months, millions of employees have been laid off, entire corporations have been strictly advised to work from home, and organization leaders have been faced with the dilemma of how to balance these new responsibilities–and how to do it remotely. It’s no secret that COVID-19 has flipped the American workforce upside down
How HR Manages Remote Employee Challenges Read More »
Americans entered 2020 hopeful for a new year. Instead, stocks have plummeted to depths similar to our last recession, employers across the nation have laid off employees by the dozens and hope has been lost. COVID-19 has not only impacted us personally by changing our daily routines, homeschooling our children and avoiding large gatherings, it
How to Provide for Employees During Tough Financial Times Read More »
Originally published on the Coalition for Safe Loan Alternatives by David Rothstein In the first few days of the Virus crisis, we are seeing upward numbers of 700,000 being unemployed. Nearly 20% of workers are saying their pay is reduced or they are being laid off. Simply put. We’re in unchartered waters. Rightly, there is
How to Ease Employee Financial Burdens During a Crisis Read More »
Work environments and practices are evolving rapidly as employers across every industry strive to attract the best available talent. These days, standard benefits packages are not enough to draw the best employees, particularly if you’re looking for millennial workers. If you want to keep your company ahead of the game, you need to stay in
The Future of Employee Benefits Read More »
Millions of Americans are only $400 away from a personal financial crisis. In fact, as many as 25 percent of adults lack retirement funds and cannot afford health insurance. How is this possible during a time of a strong economy and a solid job market? One of the main reasons is that many employees lack
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