Counseling sessions intended to help employees repay their outstanding monetary obligations and organize their finances now play an increasingly important role in promoting labor stability.

Investigating the changing trend in corporate culture, a recent study conducted by the International Foundation of Employee Benefit Plans (IFEBP) highlighted the dramatic disconnect between workers' economic unease and the preparedness of corporate leaders to offer financial guidance within the workplace under ordinary business conditions.

The IFEBP survey queried the representatives of more than 400 public and private organizations within the U.S. and Canada. According to the resulting estimates, just about half of all participants deemed their workforce to be significantly challenged by the expenses of basic living, and nearly two-thirds presumed additional difficulties would hinder efforts at saving for retirement or juggling the costs associated with unsecured revolving debt loads.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.