The best benefits employees need to manage their finances in 2024

Published January 24, 2024 4:11 PM EST 2 Min Read

When employers consider total employee wellness, they can’t overlook the impact financial well-being has on the bigger picture.

Eighty-two percent of workers are thinking about their personal finances at work, according to a recent study from software company Ceridian. That financial stress adds up to a whopping $664 billion in lost productivity — a number that is estimated to keep rising if employers don’t have their finger on the pulse of what will be impacting workers in the year ahead.

“When people are stressed about their finances, they’re thinking about money at work,” Mahony says. “January is often when we see this theme of Blue Monday as people’s holiday bills come due, but beyond that, employers should be expecting the depressed feelings to be even more intense as employees navigate their aforementioned debt.”

To be proactive about the topic, Mahony suggests that employers take advantage of financial wellness platforms in the same way they’ve offered other wellness support for mental health, or fertility and family planning benefits. At Addition Wealth, their team of financial specialists helps employees with everything from personal financial decisions, to professional financial decisions such as how employees get paid, how to maximize 401(k) contributions and how to choose their benefits.

Paola Peralta

Associate Editor

Paola Peralta is an Associate Editor at Employee Benefit News and has been with the team for five years. She is a proud UCF journalism graduate who got her start through a Dow Jones News Fund … Read full bio

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