Over the last decade employers have begun to understand the importance of offering employees financial wellness benefits. Financial concerns are a chief distraction for workers and in order to attract and retain talent, employers have been investing more in their employees’ overall well-being.
Indeed, 53% of employers offer workers a financial wellness program, according to Bank of America’s annual Workplace Benefits Report. That’s a rise from 24% in 2015. While there is a general understanding among employers and employees about the need for such programs, there is still a lack of in-depth knowledge of how critical healthcare benefits work.
