Financial wellness tools offer companies a great opportunity to help employees through these troubled times, building deeper engagement and trust with their workforce while doing so.
The economic turbulence of the past three months has upended the financial wellness plans of millions of Americans. Millions of people have been caught unaware or unprepared. Almost one in three Americans have no money set aside for an emergency, according to a 2018 survey by the Federal Emergency Management Agency. And most of those who had some 'rainy day' savings had just a modest amount.
The uncertainty has left employees in dire need of financial wellness guidance, and employers have a duty to address this. It's time for companies to do more to help their workers evaluate their financial wellness and craft a robust plan for the future.
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