Want loyal employees that will stay with your company for the long-term? Start helping them pay their bills.
Employees have been buckling under financial strain even before the pandemic, but those challenges have become more dire for many. Financial stress can quickly seep into your organization, through low productivity and poor mental health. But providing your workforce with benefits that address financial pain points can set your team up for success.
Read more: Making your financial wellness benefits work for every employee
Earned wage access is one such tool employers are experimenting with. The benefit allows employees to access their income before a scheduled pay day, giving them some wiggle room when it comes to other fiscal responsibilities. Elsewhere, organizations are providing more support for working parents, through benefits that help with family planning costs, and down the line, college tuition. Public benefit company Instride connects businesses with universities across the country to create flexible, debt-free education paths for employees.
Check out our top stories for more ways employers are helping ease financial strain:
