What are you doing to ensure your employees are financially literate?
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Less than one-third of workers report having access to financial guidance benefits.1
As an HR professional, you know that the full suite of benefits your employees are offered is incredibly important in attracting the right talent to your organization.
Whether your organization primarily employs folks on the front line or in corporate offices, financial wellness benefits are a key factor in recruiting and retaining your staff.
DID YOU KNOW?
A cash-strapped employee is 5.8 times more likely to miss deadlines and 4.9 times more likely to produce lower quality work.2
When employees are stressed financially, they aren't bringing their full selves to work. Ensuring they have a solid support system and a basic understanding of financial wellness goes a long way toward increasing productivity.
In 2019, poor financial wellness (and the lost productivity and increased turnover costs that result) accounted for, on average, 11% to 14% of an employer's payroll expense.2 That number has only gone up due to the pandemic and an increasingly uncertain economic future.
At the SHRM Annual Conference & Expo 2023 (SHRM23) this June 11-14, learn how other organizations are combatting this issue and how benefits packages play a big role in fixing it.
Network with your peers and learn from hundreds of expert speakers to drive well-informed change in your organization.
Chia-Chia Chang Coordinator for New Opportunity and Development National Institute of Occupational Safety and Health (NIOSH), Centers for Disease Control and Prevention (CDC)
Save an additional $200 and get a one-yearSHRM membership included when you register for SHRM23 at the Join Now rate. It's like getting a SHRM membership for free!
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