Wealth management

Just as COVID-19 has led some employers to question the necessity of having employees come to the office every day, the current economic crisis should lead to a broadscale re-examination of the standard pay cycle.

Employers can be a huge help to employees working to regain their economic equilibrium due to the impacts of COVID-19.

If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form.

More than 60% of employees say that they are experiencing greater stress than before the COVID-19 pandemic, according to MetLife. Employers must step up their support with flexible work hours, financial planning benefits and mental health resources.

As the coronavirus keeps employees from taking vacation, that unused time off can be converted into direct payments on their student loans.

“What this tool does uniquely is it takes the depersonalized delivery of benefits and really helps the individual determine how best to get the most out of their benefits,” says Voya’s Andrew Frend.

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

TIAA is offering technology firm Savi’s solution to client institutions to help them expand financial wellness benefits.