Financial Stress Costs U.S. Companies
Do you know how much your workers’ financial stress is costing your company? Do you know how much it has increased since the pandemic started last year? You might find this article of interest.
Financial Literacy Month
April is Financial Literacy Month and a great time to talk to your employees about the basics of smart money management. At Credit4Work!, we believe that everyone’s personal financial situation is, well, personal, so a few open questions to help people think about and address their individual needs can be helpful. As we know, identifying…
Why Human Resource Professionals Need to Think About Employees’ Health Holistically
Pamela A. Buchanan, Credit Works Chief People Officer. The COVID-19 pandemic represented a tide shift in the role of human resources departments, pushing HR professionals to take on expanded roles and wear many hats. In part one of this series we discussed how HR departments became conduits for communication between employees and management as well…
Rethinking the Role of Human Resources in a Post-COVID World
by Pamela A. Buchanan, Credit Works Chief People Officer Human resources departments have always been an essential component of a functioning office environment. From hiring to onboarding new employees, to managing benefits and being a conduit and mouthpiece for management, HR are in many ways the rudders that keep the ship on course for many…
Helping Workers Build Back Financial Health During the COVID-19 Pandemic
In the past year, the conditions for American workers—both hourly and salaried—have been increasingly challenging. For those who have been able to retain their jobs, their hours may have been reduced, temporarily or permanently, and of course those who have lost their jobs face a shrinking economy with many fewer opportunities than in the past.…
The COVID-19 Pandemic’s Impact On Financial Health
The past year has seen unprecedented levels of destruction in the modern era. And while our personal focus and the media focus was rightfully on the COVID-19 pandemic’s effect on physical health, there were a number of collateral catastrophes that continue to deeply impact our world, and many of them are interconnected; financial health is…
Comprehensive Financial Wellness Programs: What To Expect In 2021?
The economic impact of Covid-19 amplified the crisis situation facing many working families. Pre-Covid-19, 78% of the population lived paycheck-to-paycheck and 69% of Americans didn’t have $1,000 to cover an unexpected expense. These staggering statistics indicate that the financial fragility of our country is both pervasive and widespread. Living paycheck-to-paycheck means that the people in…
A Path Forward: Combatting Financial Insecurity
A common assumption today is that salaried employees are generally financially secure. They have a job, likely a 401(k) plan that they contribute to, a budget for maintaining their finances, and more. However, what many people fail to realize is that a lack of savings for unexpected expenses is the primary cause of financial insecurity…
How to build a holistic financial wellbeing programme
“Business leaders should be thinking more about their employees’ financial wellbeing, says Marion Mathes, co-founder and CEO of Florida-based financial wellness company CreditWorks.” Read the complete article here.
Helping employees engage in financial wellness at the workplace – why, how, and when
“According to PwC, today’s employees are unprepared for an extended economic downturn or recession, with more than one-third of full-time employed millennials, Gen Xers, and baby boomers having less than $1,000 saved to deal with unexpected expenses. CreditWorks CEO and Founder Marion Mathes shared her thoughts with BenefitsPRO on why financial wellness programs are essential…