As employers look to support employee well-being, winning strategies will recognize that financial offerings can play a major role — especially in addressing the day-to-day needs and stresses of a workforce.
According to ADP, 75% of employees want to work for a company that cares about their financial well-being. In addition to focusing on a workforce’s long-term savings goals, this means prioritizing people’s day-to-day financial demands as well. Employers are seeing the payoff of their efforts, with Bank of America’s 2022 Workplace Benefits Report finding that 84% of employers say offering financial wellness tools helps with employee retention.
