The combination of holiday spending and New Years Resolutions makes it easy to see why January is Financial Wellness month. The beginning of the year is often the time that people take a look at their spending, try to determine their goals for the year and set saving plans to achieve them. But financial wellness…
Morgan Stanley at Work today released the latest findings from its inaugural State of the Workplace Financial Benefits Study, highlighting the economic challenges that employees face amid the pandemic, as well as the evolving views on financial wellness benefits in the workplace. The study found that employees across all generations are struggling with their personal finances…
Today’s employees aren’t satisfied with archaic work arrangements where they simply collect a paycheck and stay quiet about any personal issues — like their financial well-being — at work. While 46% of employers offer some kind of financial wellness program, new research from Morgan Stanley shows that both employers and employees realize the importance of…
More than half of American workers are planning to swap jobs in the next 12 months, according to a Bankrate survey, and for Gen Z, Millennial and BIPOC employees, the figure is even higher. If you’re looking to recruit or simply retain top talent amid this great resignation, it may help to start with your…
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.
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…
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…
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…
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 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…