There are no shortages of articles, surveys, and blogs that are talking about the desperate impact of the COVID-19 recession on family budgets. One aspect that hasn’t been talked about enough is how working families are financially struggling. According to the Bureau of Labor Statistics, more than 65% of households are dual income households. […]
Has Your Household Income Been Cut in Half? Read More »
For brokers, ensuring the satisfaction of your clients is imperative to success, especially during open enrollment. Employers rely on your expertise to guide them and provide support through the complex world of benefits. This year especially, employers are seeking direction on how to navigate the transition to virtual open enrollment. While this offers
3 Tips for Brokers to Help Their Clients Achieve Success During Open Enrollment Read More »
Last year, 41% of workers mentioned they were likely to look for a new job with better benefits. Of that number, 57% were millennials and 65% were Gen Zs. Considering these are the future of our workforce, it is no surprise that companies are prioritizing voluntary benefits. In the past, voluntary benefits were optional;
Benefits are 1/3rd of your compensation costs – Are you offering the best options? 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 »
A loan shark is a person or company that lends people money and charges upfront fees and a high interest rate on very short-term, small loans. Typically, loan sharks target people who are in financial distress and in desperate need of cash. They will harass borrowers by means of intimidation, threats, and blackmail if the
How to Help Employees Avoid Loan Sharks Read More »
PSA – TrueConnect does not currently work with Federal Agencies though that may change in the future. We do work with SLED. Allotment loans provide an option for federal government employees who have bad credit to get a loan with favorable terms. There are two types of allotment loans, and they are generally easy for
What Allotment Loans Mean for Government Employees Read More »
These days, improving financial wellness within your workplace is a necessity if you want your employees to maintain healthy stress levels and remain productive. Implementing an employee loan program is one way to go about this. To be effective, an employee loan program requires enough participation to justify the investment, and it must also meet
How to Measure Success of an Employee Loan Program Read More »
Many U.S. employees are financially unhealthy, with 42 percent of employees saying that they are likely to use money from retirement accounts for other expenses besides retirement. Instead of preparing for the day when they can enjoy comfortable and fulfilling post-work lives, American workers find themselves saving money for medical or financial emergencies. A popular
Employee Loan Guidelines: What You Need to Know Read More »
A personal budget empowers individuals to take control of their finances and helps to avoid the burden of debt. Because a budget involves creating a spending plan, it encourages employees to prioritize their spending, and to save for the future. After employees create their first budget, they can make it a regular practice, and take
Budget Coaching for Government Employees Read More »
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