The significance of financial wellness benefits for employees in a COVID-19 world
3 reasons why financial wellness is even more important today and 3 actions employers can take to get started.
By Jennifer Nuckles|August 24, 2020 at 11:21 AM
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For many employees, the COVID-19 pandemic has revealed how fragile their financial security is. A recent survey from the National Endowment for Financial Education found that nearly 9 in 10 (88%) Americans said that the COVID-19 crisis is causing stress on their personal finances. For employees, the pandemic has not only heightened financial stress but also shown a lack of preparedness for economic hardship that highlights a greater need for comprehensive financial wellness programs from employers.
To put it simply, work and employee’s relationships with their employer have fundamentally changed in 2020. Employees’ needs and wants have shifted to adapt to the new normal of working from home. Home life and work-life have become one, and with that comes both personal and financial complications.
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