Unfortunately, poor money management often includes poor spending behaviors. It seems that human nature dictates that, as long as there is no plan in place, the more money you earn, the more money you will spend. Your employees who have not developed personal financial discipline currently believe that their money problem is an income problem.
Experienced HR professionals, CEOs, executive directors and managers know this from experience. Fortunately, most employees know they are expected to leave their personal issues at home and not let them affect their work.
Employers typically play an authority figure role in the lives of employees. Such credibility, when used properly, can provide employees with important guidance and help in their lives outside of work.
How can you, as an employer, approach employees that you believe are struggling with debt? Let’s look at some of the signs to look for and what options we have in regards to addressing the potential issue.
With financial wellness programs still being relatively new to most leaders, it can be easy to get lost in the process of finding a provider with the right services in the right location at the right time and for the right price.
Invest in a tailored Financial Wellness Program to Maximize Outcomes - If you’ve landed on this blog, you may be among the hundreds of company management teams that have realized the irreplaceable benefits of providing workplace financial wellness to your employees.
The idea of providing a financial wellness program to employees seems to be a recent development, but if you consider that the 401K is also a financial wellness benefit, we can agree that the history of financial wellness programs is older than it appears to be at first glance.
For many good reasons, employers are beginning to take notice of their employee’s financial wellness. There is a range of benefits that a well-rounded employee financial wellness program provides to both the company and the employee.
In a time when some professionals can afford to be as selective about employers as employers are about applicants, company benefits are becoming a deciding factor in not only employee attainment, but also in retention.