Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The "United States Financial Wellness 2023" report has been added to ResearchAndMarkets.com's offering.
In response to a tight labor market and a rapidly changing workplace, employers have offered a variety of new benefits aimed at improving employee well-being. These efforts have included supplemental health and insurance benefits, as well as increases in paid time off (PTO), family leave and professional development.
These efforts have rarely targeted financial wellness, however. Beyond retirement programs, relatively few employers offer benefits that help their employees achieve financial stability. Benefits such as student loan repayment, earned wage access (EWA) programs, lifestyle savings accounts and financial literacy training are available to employers who want to institute them. Often, however, the employers don't see enough demand for these types of benefits to justify offering them.
With economic uncertainty on the rise, providers have an opportunity to help employers drive employee engagement and productivity.
First, however, they will need to help them understand what financial wellness can encompass, what business benefits financial wellness support can ultimately provide, how to measure the return on investment (ROI) associated with those programs and how to drive employee utilization of them.
Key Topics Covered:
- Introduction
- Key findings
- Research methodology
- Expanded benefits bolster attraction and retention efforts
- What are financial wellness benefits?
- Questions about demand for financial wellness benefits
- Beyond retirement plans, little consensus
- Taking a broader view of ROI
- Putting financial wellness benefit utilization in context
- Conclusion
- Measuring the ROI of lifestyle-oriented benefits
For more information about this report visit https://www.researchandmarkets.com/r/8beke3
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