New York Life Insurance Company’s Post

Did you know that financial stress affects 59% of employees in the workplace? We've got 5 actionable ideas for plan sponsors who want to support participant financial wellness and improve outcomes here. https://lnkd.in/g2-U62gu #FinancialWellness #EmployeeBenefits

Did you know that financial stress affects 59% of employees in the workplace? We've got 5 actionable ideas for plan sponsors who want to support participant financial wellness and improve outcomes here: https://lnkd.in/ebTMUfkm #FinancialWellness #EmployeeBenefits

It’s Wellbeing Week! With the cost-of-living crunch defining the last couple of years, you may find that many of your employees are facing financial pressures. These money worries can lead to an increase in physical and mental health issues that impact their overall wellbeing and, in some cases, can impact their performance at work How can you support your employees’ financial wellbeing? 🧑🏫 Provide financial education so employees feel confident in managing their finances 💰 Offer ways to help employees save, such as Lifestyle Savings discounts and Salary Sacrifice options 📝 Benchmark salaries regularly to ensure you continue to offer competitive and fair pay To find out more about helping your employees with their financial wellbeing, check out our Cost-of Living Guide: https://hubs.la/Q02Dd2f80

There is no doubt that for many people right now, the going is still tough. Recent reaction from the 79 employers who signed the BRC response to the budget just underlines that the challenge for individuals may only get harder. The potential for cuts in jobs and probable increases in the cost of living as food and retail items rise in cost is undoubtedly going to continue the challenges that many face today. Learning to budget, creating a rainy day fund which covers 3-6 months of expenditure and learning how to manage debt effectively are all critical pillars to financial stability. Learn more about the challenges and what you as an employer can do by following WellFi or check out our website for blogs, tools and videos to support your employees. www.wellfi.co.uk

Did you know that financial stress affects 59% of employees in the workplace? We've got 5 actionable ideas for plan sponsors who want to support participant financial wellness and improve outcomes here: https://lnkd.in/g_bz3W9F #FinancialWellness #EmployeeBenefits

Did you know that financial stress affects 59% of employees in the workplace? We've got 5 actionable ideas for plan sponsors who want to support participant financial wellness and improve outcomes here. https://lnkd.in/e_sqXxZv #FinancialWellness #EmployeeBenefits

All is not well with the nation’s financial health. The latest ONS data paints a mixed picture of the nation’s financial health and wellbeing. The tough truths are: - Anxiety is still high, with nearly 1 in 4 people reporting high stress levels — a trend that's been unshaken for over a year and remains well above pre-pandemic levels. - Financially, things are tighter: Average disposable household income dipped down 2.5% from last year. Almost 1 in 4 adults say they struggled to manage financially in the past month. We know that millions of people have no cash buffer at all to help in the case of an emergency. As evidence shows, there is still more work to be done to help employees. By providing financial wellbeing support for employees we can work towards a brighter future for all. Check out our website www.wellfi.co.uk for more insights and actions.

Did you know that financial stress affects 59% of employees in the workplace? We’ve got 5 actionable ideas for plan sponsors who want to support participant financial wellness and improve outcomes here: https://lnkd.in/dsRdWXc2 #FinancialWellness #EmployeeBenefits

66% of employees want more help with financial wellbeing, according to our 2024 U.S. Wellbeing Diagnostic Survey https://ow.ly/wxZj50TytCh, but many employers acknowledge a gap in effectively addressing this issue #EmployeeWellbeing #EmployeeExperience #FinancialWellbeing #WTWPerspective

More and more employees say they would benefit from a workplace benefit that includes financial planning. Having worked and lived through the damaging effects of the Covid-19 pandemic, many people would have been forgiven for hoping that the next few years would bring a semblance of peace and prosperity. In many instances those hopes have been dashed. Knowing just what your money can or cannot do for you is a vital element of financial wellbeing, which is now recognised as the number one workplace benefit. But any financial wellbeing service worth its salt simply HAS to include the opportunity to put a PLAN in place that will safeguard an employee's financial future, and include their goals and ambitions. In Lifetime's latest Employee Survey, over half of workers (52.83%) said they would benefit from financial planning. That figure is up from 41.14% in Lifetime’s 2023 winter survey. https://buff.ly/3WRSGGY #survey #employeewellbeing #financialwellbeing #financialhealth #financialeducation #fridayfeeling #employers #GoodFriday