Long story short: Employees need a financial boost — how you can help

By Alyssa Place, This is my expertise
Published 2 Min Read

Alexander Grey for Unsplash

Between threats of a recession, high mortgage rates and ballooning inflation, there seems to be no end to the financial stress employees are shouldering these days. 

While employers can do the bare minimum by providing a liveable wage, they’re being called to do much more to alleviate these pain points and help employees accomplish their financial goals. In this week’s top stories, empowering women to ask for raises is one way to boost financial stability. Women continue to be woefully underpaid, yet just 57% feel comfortable asking for a raise. Providing salary negotiation training could help them ask for what they’re worth. 

Families and individuals are increasingly having to choose between near-term savings and expenses and future financial security. But tax-advantaged investment programs such as 529 or ABLE plans can help provide a financial safety net. 

“How to prioritize saving for, say, a child’s college education against other goals like emergency savings or retirement savings is a question we hear all the time,” Peg Creonte, president of the government savings business unit at Ascensus, tells editor-in-chief Stephanie Schomer. “People are concerned.” Creonte breaks down the benefits of these plans and how employees can start saving right now. 

Alyssa Place
Editor-in-chief

Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio


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