For years, companies have recognized the wisdom of offering employee health wellness programs, as they positively impact employee productivity, reduce absenteeism, and increase overall morale. A logical next step is now gaining traction in the employee benefits marketplace, namely financial wellness programs.
Similar to employee health benefits, financial wellness programs are designed to offer employees guidance and tools to promote their long-term financial health. Studies have shown that many employees are distracted by their finances at work and that financial concerns are their most common cause of stress.
Helping to alleviate this source of distraction and stress can improve employee morale and productivity in the workplace, benefiting both the employee and employer.
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