Author: FinFit

Why should employers care about employee financial wellness, and how can the SECURE 2.0 Act of 2022 legislation help increase the financial stability of America’s workforce? In brief. Recently enacted Federal legislation seeks to increase the financial stability of the American workforce, directly addressing the governing dynamics that prevent broader adoption of retirement plans and emergency savings accounts through an array of new benefits for both employers and their employees. The Secure...

It isn’t all about the packages, boxes or bags My brother Dan and stepfather have bonded over the years over a shared love of fishing. Each summer, my brother returns home to the Wisconsin lakes from California for a week of fishing, with a goal of hooking that prized musky. While our family has caught some nice size fish, including muskies, there’s always that one ‘that got away’ swimming in the depths, albeit taunting them. Our large, blended family gets together each holiday season. Normally,...

As an HR manager, business owner, or financial decision-maker, you probably avoid prying into employees’ personal lives. However, financial stress can consume your employees’ energy, making them less productive at work. That can lead to health problems, sick days, and other problems that affect your business. How can you turn this losing proposition into a win-win? Financial coaching can help bring peace of mind back to your employees by giving them tools to help them with major financial life...

Financial Literacy Month is observed each April. As we turn our attention to financial literacy, it is important to consider how critical relevant financial education is to employees during a time of rising inflation.  Many Americans weren’t privy to an education grounded in the basics:  Budgeting and smart spending Establishing emergency savings  Responsible use of credit Planning for and investing in the future These key pillars of financial health are all critical elements to helping an individual...

Financial wellness involves and achieves independence. No matter how much one works and earns as income, being tied down by debt and commitments provides no real freedom. Financial wellness works the same way as wellness for the body; when everything is working correctly, and there are no concerns, a person is healthy. When vulnerabilities, leverage, debt, and financial stress cause losses and struggles, the body becomes sick and can’t perform as well. Most people in the U.S. today are not...

59% of employees are more stressed about money than any other life stressor combined, as reported by the PwC 2019 Employee Wellness Survey. The reasons for this financial stress range from not having enough money in savings and being unable to meet monthly expenses, keep up with debt, or pay for college. One in four employees ranks a financial wellness benefit, including access to unbiased counselors, as the most desired employer benefit. Your employees are stressed about the cost of living, student...

The New American Workspace:Millenialsat the Gate By David Kilby Millennials are the new core workforce. Their concept of “work” is different than the traditional. They bring bold, new approaches of what work should be, how and where it should be performed, and what the rewards for work should be. Summary: Millennials are the new core workforce. Their concept of “work” is different than the traditional. They bring bold, new approaches of what work should be, how and where it should be performed,...