Counseling sessions intended to help employees repay theiroutstanding monetary obligations andorganize their finances now play an increasingly important role inpromoting labor stability.
Investigating the changing trend in corporate culture, a recentstudy conducted by the International Foundation of Employee BenefitPlans (IFEBP) highlighted the dramatic disconnect between workers'economic unease and the preparedness of corporate leaders to offerfinancial guidance within the workplace under ordinary businessconditions.
The IFEBP survey queried the representatives of more than 400public and private organizations within the U.S. and Canada.According to the resulting estimates, just about half of allparticipants deemed their workforce to be significantly challengedby the expenses of basic living, and nearly two-thirds presumedadditional difficulties would hinder efforts at saving for retirement orjuggling the costs associated with unsecured revolving debtloads.
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
Already have an account? Sign In Now
© 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.
