Financial wellness benefits should be helping employees improve their financial health, but impractical and ineffective benefit offerings are actually hurting their chances at stability.
Employers spend trillions annually on wages and benefits, according to a report from data insights platform Financial Health Network (FHN), yet 70% of workers remain financially unhealthy. Benefit leaders will need to rethink their financial wellness strategies in order to “move the needle,” says Matt Bahl, vice president and workplace market lead at FHN.
