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The recent American Psychological Association survey found that over 70% of Americans are experiencing financial stress, with employees also struggling financially, impacting their overall well-being. The Alight Winning with Wellbeing report revealed that less than half of employees utilize the healthcare benefits and retirement contributions offered by their employers, citing unaffordability and lack of awareness as key reasons. Using AI-powered tools. organizations aim to personalize benefits communication, predict health risks, and offer personalized healthcare recommendations, ultimately benefiting both employees and employers. For more in-depth information, please consider checking out this article in the HR Executive! Be Kind ✌🏾 Taylor

Over the past four years at a Financial Wellness and Literacy platform firm, I've encountered concerns from clients about the cost of implementing a Financial Wellness program. However, recent data from the 2023 Bureau of Labor Statistics suggests otherwise. Did you know that the average hourly cost of a Financial Wellness program from Best Money Moves is just $.018 per employee, significantly lower than the average hourly cost of offered employee benefits at $12.06? The impact of a Financial Wellness program is truly remarkable: - 15% reduction in healthcare costs - 20% increase in productivity and 30% reduction in absenteeism - 70% of employees increased their retirement contributions With benefits like these, a Financial Wellness program not only enhances employee well-being but also proves to be a cost-effective solution for both large and small firms in America. #financialwellness #reducedbenefitcosts #financialliteracy Best Money Moves

Kicking off the afternoon sessions here at REBA Wellbeing Congress we have... 🌟 An in-depth panel discussion looking at how Gen Z is shaking up the employee experience (with Melissa Emmanuel, Dr Elizabeth Consultancy Company and Lewis Rooke) 🌟 A masterclass: on building inclusive benefits with WTW, looking at their latest global wellbeing research and hearing directly from employers as they debate if inclusive employee benefits actually create inequality 🌟 The unique financial wellbeing challenges facing mid-lifers, and how employers can offer support (with Hymans Robertson Personal Wealth) 🌟 Mind the gap - why prevention and health confidence could be the missing link in your health strategy (with Bluecrest Wellness) 🌟 Exploring healthcare trusts and the integral role of a nurse-led service (Healix Health) 🌟 Creating employee ownership of pensions to drive value, engagement and retention (with Cushon) 🌟 Using family-forming benefits to improve inclusion and employee retention (with Hertility) 🌟 Creating an early cancer detection strategy that works across the whole of workforce (Check4Cancer Ltd) Find out more: bit.ly/rebawellbeing2024 #rebawellbeing #employeebenefits #rewardstrategy

Kicking off the afternoon sessions here at REBA Wellbeing Congress we have... 🌟 An in-depth panel discussion looking at how Gen Z is shaking up the employee experience (with Melissa Emmanuel, Dr Elizabeth Consultancy Company and Lewis Rooke) 🌟 A masterclass: on building inclusive benefits with WTW, looking at their latest global wellbeing research and hearing directly from employers as they debate if inclusive employee benefits actually create inequality 🌟 The unique financial wellbeing challenges facing mid-lifers, and how employers can offer support (with Hymans Robertson Personal Wealth) 🌟 Mind the gap - why prevention and health confidence could be the missing link in your health strategy (with Bluecrest Wellness) 🌟 Exploring healthcare trusts and the integral role of a nurse-led service (Healix Health) 🌟 Creating employee ownership of pensions to drive value, engagement and retention (with Cushon) 🌟 Using family-forming benefits to improve inclusion and employee retention (with Hertility) 🌟 Creating an early cancer detection strategy that works across the whole of workforce (Check4Cancer Ltd) Find out more: bit.ly/rebawellbeing2024 #rebawellbeing #employeebenefits #rewardstrategy

📊 Are Employers Missing the Mark on Tailored Benefits? 🤔 Recent trends show that many employers are failing to target benefits effectively based on the diverse needs of their workforce—especially when it comes to age and gender. 🔍 Why does it matter? Employees at different life stages have different needs: Gen Z may value career development perks, while Gen X might prioritize retirement planning. Gender can also impact benefit preferences, with issues like parental leave, healthcare, and mental well-being taking center stage for various groups. When benefits aren't tailored, employers risk lower engagement, higher turnover, and missed opportunities to support the health and productivity of their teams. 📈 It’s time for companies to adopt data-driven strategies and create inclusive, personalized benefits packages that reflect the needs of their workforce—because one-size-fits-all simply doesn't cut it anymore. How is your organization addressing this challenge? https://lnkd.in/eBsR3ij4  #HR #EmployeeBenefits #WorkplaceDiversity #EmployeeEngagement #InclusiveWorkplace #FutureOfWork  

Financial health or financial safety is part of holistic safety, foundational to trauma informed workplaces. Even though 77% of workers view financial wellness programs as an important benefit, only 28% of employers offer them. (Source: 2023 Transamerica Institute report) When we are not safe- whether it is physically, psychologically, or financially, it is hard to focus on much else- that is just how we are wired as humans. As the article highlights, employees spend an average of eight hours a week dealing with financial issues — with four of those hours occurring at work. The article below outlines an excellent approach to tackling financial safety and health in your organization and how to move forward with the right supports. For up-and-coming benefits options - I am a big fan of Northstar, providing financial support and planning for all income ranges and stages of life as a benefit. Organizations like Canary are also paving the way in shaping equitable benefits to support employees facing crises financially. On a personal level, I am a huge fan of Ellevest and its founder Sallie Krawcheck, as well as Tori Dunlap, the Founder of Her First $100K and author of Financial Feminist. What supports have your found most beneficially for you or your teams financial wellbeing? #safety #financialwellbeing #traumainformedworkplaces #traumainformed #hr #benefits #culturechange

🌟 **Empower Your Workforce: The Urgent Need for Employee Financial Wellness in Today's Landscape** 🌟 In today's economic climate, ensuring the financial well-being of our workforce is paramount. The latest findings from the KFF Health Tracking Poll shed light on the pressing concerns individuals face, with health care costs looming large as a top worry. According to the survey, nearly three-quarters of adults are apprehensive about affording unexpected medical bills and the overall cost of health care services. These concerns outweigh worries about other everyday expenses, indicating the critical need for action. It's evident that financial struggles deeply influence individuals' perspectives on the economy and their expectations from political leaders. A significant portion of the electorate, comprising those grappling with monthly bill payments, is particularly keen to hear candidates' plans regarding economic and health care issues, including the future of Medicaid. Moreover, the survey underscores the enduring popularity of the Affordable Care Act (ACA), with a majority of the public viewing it favorably. Surprisingly, a considerable segment, including a notable proportion of Republicans, supports expanding the ACA's provisions, aligning with President Biden's stance. Despite the ACA's widespread support, there remains a lack of awareness regarding its key components. While most adults prioritize maintaining the ACA's prohibition on denying coverage based on pre-existing conditions, a significant portion is unaware that this provision is integral to the law. In light of these findings, I challenge business owners and HR professionals to prioritize employee financial wellness and diligently assess the benefits landscape. It's imperative not to overlook the critical role voluntary benefits can play in alleviating employees' financial burdens. Let's commit to fostering a workplace culture that values the financial security and well-being of every individual. Are you up for the challenge? Let's ensure our workforce thrives, both professionally and financially, in the face of today's challenges. Demand more from your employer and tell them to explore not just be "happy with what we have". #EmployeeWellness #FinancialWellness #HR #BusinessLeadership #ACA #WorkplaceCulture #VoluntaryBenefits #EconomicWellbeing

Capstone Health is a new program that helps employers save money and improve employee health. We offer three main benefits: ● Tax savings of $400-600 per year per employee for employers. ● Tax efficiency of $120-150 per month per employee for employees. ● The ability to use employee savings to purchase qualified 213d products. It was made widely available under the Affordable Care Act similar to ERC. This program is not a one-time deal, but a proactive health and wellness management program that can benefit both you and your employees. To see how much your company can save, Click the link below:

#OpenEnrollment is not just about offering competitive #benefits packages but ensuring they are easily accessible and user-friendly. This can significantly enhance employee satisfaction and engagement. Check out the full article for more insights: https://hubs.ly/Q02KXlV50

Employers spend a lot of time contemplating which benefits to add to their plans. When those offerings are then utilized and go on to improve an employee's life, the effort is more than worth it. #EmployeeBenefits #BenefitsAdministration #FinancialWellness