📊 Imagine... Boosting Employee Financial Wellness and Retention📊
💡 Imagined Endstate:
A future where employers offer comprehensive and personalized financial wellness programs to their employees, helping them achieve financial security and satisfaction, and reducing turnover and absenteeism.
Bank of America Institute. (2023). Workplace Benefits Report.
💥 What's the Big Deal:
This report 📊 reveals that employees' financial wellness has reached an all-time low, as they struggle with the rising cost of living and stagnant wages. Employees are looking for more support from their employers, who have a responsibility and an opportunity to improve their financial well-being. 📈The report provides insights and recommendations on how employers can design and implement effective financial wellness programs that address the diverse and evolving needs of their workforce, such as 💰 budgeting, saving, investing, 💳 debt management, retirement planning, and more. By doing so, employers can enhance employee engagement, loyalty, productivity, and performance, and gain a competitive edge in the labor market.