Author: FinFit

We’re here to help our partners, clients, and their employees weather these uncertain times. The volatility of the economy coupled with the evolving status of the coronavirus (COVID-19) are understandably cause for concern and require appropriate precautionary measures. It is as important to be well-informed as it is to be prepared. The Centers for Disease Control and Prevention provide many excellent resources offering  insight into the best courses of action, as well as the latest updates regarding...

As CEO/President of FinFit, I am afforded incredible insight into the consumer financial markets and the financial health and habits of employees. We have learned directly from employees what they are experiencing financially, how they’re handling their personal financial situations, and the compelling products, services, and benefits within the market. Here are five trends I believe will be the most impactful for 2020. Market volatility The political environment, as we are all aware, is both...

Building a successful company requires having an engaged and motivated team. Your team members need to be focused, productive, and invested in your company’s long-term vision. Sound ideal?  If you’re committed to building a positive company culture where your best employees are inspired to exceed expectations, they’ll stay with your company. Make your organization a place employees want to be, not somewhere they’re counting the hours to leave.  A positive company culture is made up of its collective...

Financial stress affects all employees, regardless of income level. Although a company may compensate its employees well, the rising costs of living and tuition place a seemingly endless burden on families trying to juggle financial responsibilities. You can help your employees navigate these stressful areas by offering financial education resources.  Employer-sponsored financial education is often the motivation your employees need to take a harder look at their finances. If they know you’re...

Our mission is to help individuals accomplish their financial goals and position them for success. When members share with us that we’ve made their lives easier and better, we have achieved what we set out to do. We are passionate about helping employees improve their financial health.  In this member spotlight, we celebrate Lillian’s success. She has been a FinFit member since December 2018 and is employed with G4S. One of the keys to G4S’ continued success is their focus on giving their employees...

As the new decade unfolds, economists are going back and forth about whether there is an impending recession. The World Bank reports that there will be gradual growth over the next year despite trade tensions. However, employees are feeling some negative effects. Even with the unemployment rate at a 50-year low, many traditionally strong companies like Lowe’s and HP are experiencing layoffs largely as a result of automation and outsourcing. Whether it’s a recession, downsizing, budget cuts, or...

More than half of U.S. companies now offer financial wellness initiatives, but what does that include? According to an Employee Benefits Research Institute (EBRI) study, these are the most common employer financial well-being initiatives being offered: Tuition reimbursement Financial planning education Employee assistance programs Basic money management tools EBRI also acknowledges that these financial wellness initiatives are ‘quite traditional’ and don’t necessarily hit the mark when it comes...

As we enter tax season, there may be employees who feel overwhelmed and confused by the tax filing process. While filing taxes as a W-2 employee is relatively straightforward, there are nuances to everyone’s financial situation that may impact how they choose to maximize their earnings. There are professional tax experts that can help your employees, but these services cost money and some employees may not be in a financial position to cover these costs. Helping your employees prepare for tax...