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Financial wellness is about more than just employees’ wallets. Stress over money and security can impact workers’ emotional and physical well-being — and can end up costing employers in the long run. An increasing number of organizations are taking steps to provide support to their teams.
Sixty-two percent of employers say they feel “extremely” responsible for their employees’ financial wellness today, compared to 13% in 2013, according to Bank of America research.
Amanda Schiavo is an associate editor of Employee Benefit News. Follow her on Twitter at @SchiavoAmanda.
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