I’d argue the worst possible way to get a loan is through a payday lender. Would you agree? If you have used a payday lender before, you know what it feels like to feel so strapped for cash that you have nowhere else to go. After all, common problems experienced with payday loans are: Absurdly […]
Which is Better: Early Wage Access or Small-Dollar Loan Program? Read More »
Financial wellness programs are no longer new. Everyone has been talking about them and everybody knows about them. With that said, to ensure we’re all on the same page, what is a financial wellness program? It’s typically an addition to standard employee benefits like retirement planning and investing information. Financial wellness (or financial wellbeing) specifically
What Your Financial Wellness Program is Missing…. Read More »
Last year, HR departments had to overcome some of their biggest challenges yet. HR teams have had to: Learn how to deal with a new remote lifestyle Create and promote new policies Figure out how to track time and attendance Distinguish new communication methods The above challenges are just the tip of the iceberg. New
7 Things We Learned From 2020’s Virtual Open Enrollment Read More »
Financial wellness is a topic that has gotten a lot of attention lately. In May 2020, nearly 75% of 700 retirement plan decision-makers reported the financial wellness programs they offer were in greater demand, with 28% recording a sizable uptick in employee usage. Though many financial wellness programs today focus on things like financial literacy
3 Actionable Solutions to Include in Your Financial Wellness Program Read More »
The holidays bring so much joy and cheer, but they can also bring a lot of stress and chaos. Americans spend more money over a quick 60-day period at the end of each year than they do any other month throughout the year. Contrary to what one might assume, holiday spending was actually up in
4 Tips to Reduce Financial Stress and Save More Than $1,900 Per Year, Per Employee Read More »
Back in July of 2020, TrueConnect completed a survey that consisted of 698 HR professionals. Just under 60% of those surveyed stated that they have struggled financially more than usual this year. The top three reasons for this were: Unplanned expenses A spouse/partner lost work The person surveyed lost work or suffered a pay cut
Why Consumers’ Credit Scores Are Hurting Due to Covid-19 Read More »
Your organization is successful because of your employees, which means their engagement is everything. After all, an engaged employee is a happy employee. With Thanksgiving just around the corner, this is a time to give thanks. Are you showing appreciation to your employees besides just paying their wages? Employee appreciation is about acknowledging a person’s
6 Ways to Express Employee Appreciation Read More »
The holiday season is a time to take a break. But it’s often overlooked that personal commitments, travel plans, and extra pressure to wrap up the year strong at work, leave employees feeling overwhelmed. This year in particular, as the holiday stress sets in, holiday spending will be top-of-mind as employees navigate a new
How Holiday Consumer Spending Will Be Impacted This Year Read More »
Financial stress is known for having a negative impact on employee productivity, engagement, and mental health. In fact, 86% of employers themselves characterized financial wellness programs as being important. Now, more than ever, employees are looking to employers for financial help in some of these various forms: Financial education Student loan forgiveness Employer-sponsored loans
3 Reasons You Should Offer Your Employees an Online No Credit Check Loan Program Read More »
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