Samuel Lathey’s Post

Did you know that 77% of employees have expressed concerns about their financial status in the past year alone? That's why adopting a proactive financial wellbeing strategy can be a game-changer. By helping your team navigate financial challenges, you can reduce their stress and build a more productive workforce. Empowerment is key, and through financial education, employees gain the tools to manage debt, make informed decisions, and build financial resilience, which enhances job satisfaction and overall happiness. Prioritising financial education also shows that you care about your employees' wellbeing outside of work. This fosters loyalty and increases retention as employees feel valued and supported in all aspects of their lives. It can also significantly enhance productivity. By reducing financial stress, you create an environment where employees can fully focus, engage, and thrive. As part of our commitment to financial wellbeing, we've created a financial wellbeing whitepaper to help you communicate and implement your financial wellbeing strategy. We're here to support you every step of the way on your journey towards a financially empowered workforce. 🌟Click here to download your copy and learn more: https://ow.ly/WWlK50RE6oX #financialwellbeing #thomascarroll

Latest data on why Financial Well-being is  a Must-Have in today's workplace In our current economic climate, employers can't afford to overlook the critical importance of comprehensive financial well-being programs. 📊 Recent data shows why: • 84% of employers say financial wellness tools reduce employee attrition • 60% of employees believe it's their employer's responsibility to ensure their financial security A truly impactful financial well-being program should include: 1️⃣ Short-term financial advances  2️⃣ Budgeting and debt management tools 3️⃣ Long-term financial education Benefits of a comprehensive approach: ✅ Reduced employee stress and improved mental health ✅ Increased productivity and engagement ✅ Enhanced employee retention ✅ Improved overall company culture At Bridgeover, we're pioneering an integrated approach that combines immediate financial relief with AI-powered alerts and financial education, ensuring employees not only survive financial challenges but thrive in the long term. Is your organization prepared to meet the evolving financial needs of your workforce? Let's discuss how a holistic financial well-being program can transform your workplace! #FinancialWellness #EmployeeBenefits #WorkplaceCulture #EarnedWageAccess

A successful financial well-being program should provide immediate relief for pressing financial concerns while also equipping employees with the knowledge and tools to build a better financial future

𝐇𝐨𝐰 𝐂𝐚𝐧 𝐈 𝐈𝐦𝐩𝐫𝐨𝐯𝐞 𝐌𝐲 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞𝐬' 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐖𝐞𝐥𝐥𝐛𝐞𝐢𝐧𝐠 𝐈𝐟 𝐈 𝐂𝐚𝐧’𝐭 𝐆𝐢𝐯𝐞 𝐓𝐡𝐞𝐦 𝐚 𝐏𝐚𝐲 𝐑𝐢𝐬𝐞? 💸 Stereotypically, we assume that... 𝐆𝐨𝐨𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐖𝐞𝐥𝐥𝐛𝐞𝐢𝐧𝐠 = 𝐖𝐞𝐚𝐥𝐭𝐡 This common misconception might lead many managers to believe that enhancing financial wellbeing is beyond their financial capabilities. However, financial wellbeing goes beyond just wealth. 𝐓𝐫𝐮𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐖𝐞𝐥𝐥𝐛𝐞𝐢𝐧𝐠 doesn’t simply mean meeting current and ongoing financial commitments but also feeling secure in your financial decisions and confidently making choices that allow for the enjoyment of life. Financial education programs, access to financial advice, and flexible benefits can significantly enhance employee wellbeing without the need for substantial pay increases. Let's shift our perspective on financial wellbeing and implement the measures within our reach. #EmployeeWellbeing #FinancialHealth #HRInsights #WorkplaceWellness #EmployeeSupport

In today’s uncertain world, employee financial well-being has become a crucial focus for companies globally. Yet, despite best efforts, financial stress among employees remains a significant issue (57% report finances are their biggest source of stress). ✨ At a time when uncertainty is the only constant, ensuring the financial stability of your employees is not just a benefit but a necessity. ✨ Let’s discuss how our employee relief fund solution can be seamlessly integrated into your existing framework, providing much-needed support to your employees when they need it the most. But don't just take our word for it, check out why Harvard Business Publishing's SVP of Talent & CHRO Angela Cheng-Cimini 鄭婷婷 prioritized Canary for her workforce. #workerwellbeing #corporateresponsibility #financialstability #techwithheart #benefitstechnology

Our alumni partner, nudge, recently released their 2024 Global financial wellbeing report, with insights from 11,500+ people across 17 countries. The current state of financial wellbeing spans a range of emotions. People are feeling less anxious and more hopeful about their financial future and achieving their goals. Yet, 9 in 10 employees face at least one financial barrier to achieving their aspirations. This report uncovers how employers can remove these barriers and open a world of opportunity for their people. Download this report and find out: - Trends in the financial health, needs and desires of 11,500+ people around the world -How employers can remove the barriers stopping employees achieving their goals - The impact this has on employee wellbeing and the employer-employee connection #financialwellness #financialeducation #worldofopportunity

77% of workers say credit card debt is a problem, while 45% say they're distracted by financial stress on the job, per the 2024 Workplace Wellness Survey from Employee Benefit Research Institute and Greenwald Research. We explore why smart employers are turning to financial coaching to boost profits and impact in our latest article (link in first comment). TLDR: Personal, data driven, solves for interconnected issues. The virtue of personal financial coaching is that it is tailored to each member of your team, solving for diverse individual challenges amidst systemic ones like inflation, high interest rates, and the rising costs of financial services themselves. Employers who prioritize 1x1 financial coaching prioritize what data are telling us about reducing employee financial stress (literacy alone isn't enough), changing behavior, and creating a supportive culture where people can thrive. #CreditCardDebt #humanresources #benefits #financialcoaching

Does financial stress impact your employees' well-being and productivity? A recent study reveals that a whopping 69% of workers struggle financially, leading to decreased focus, increased absenteeism, and higher turnover rates. Swyom Advisors can help! Our Corporate Connect Program provides customized solutions to address your employees' financial concerns. We offer: One-on-One Financial Consultations: Our team of experienced financial advisors will work directly with your employees to create personalized financial plans, manage debt, and achieve their financial goals. Financial Wellness Workshops: We conduct interactive workshops to educate your employees on budgeting, saving strategies, investment options, and retirement planning. Holistic Financial Wellbeing Support: We address financial stress not just through financial planning, but also by providing resources for mental health and stress management. Investing in your employees' financial well-being offers significant benefits: Increased Employee Satisfaction: By helping your employees manage their finances, you foster a more positive and productive work environment. Reduced Absenteeism and Turnover: When employees are financially secure, they're less likely to miss work due to stress or seek new employment opportunities. Enhanced Employer Brand: Your commitment to employee well-being strengthens your employer brand and attracts top talent. Ready to create a financially healthier and happier workforce? Read more about us at: https://lnkd.in/dRbD7b3f #FinancialWellness #EmployeeBenefits #WorkLifeBalance #CorporateWellness

🌟 Financial stress affects 92% of US employees, making finances the top stressor, as per a recent survey by Lincoln Financial Group. 📊 Among those feeling stressed, 85% point to finances, closely followed by work challenges (83%) and personal relationships (79%). Managing day-to-day expenses, unexpected costs, financial planning, and debt are significant stressors. But here's the good news! Employees using their organization's financial wellness tools are seeing real benefits. 📈 77% report a positive impact, with nearly 70% feeling less financial stress overall (Source: https://www.hcamag.com) Let's create a workplace where financial wellness is a priority! 💼💡 Empower your team to confidently navigate financial challenges and enhance your workplace culture. Reach out to us: 🌐 Website: www.qubersavings.com 📧 Email: [email protected] 📞 Phone: 1-833-237-5195 Together, we can make your workplace even better! #FinancialWellness #EmployeeWellbeing #WorkplaceBenefits #FinancialHealth #HRInsights #QUBER

Can you honestly say you know what’s going on with your average employee? Chatting with our financial wellbeing consultant Kate Ithell about what she’s been hearing from HR professionals and at industry events, it’s evident that there’s an ever-growing gap between how much employees are struggling, and how much their C-suite executives think they might be struggling. Disconnects between ‘decision-makers’ and ‘doers’ are common, and can result in benefits and strategies that have all of the best intentions, but ultimately miss the mark. The best ways to close the misalignment gaps in your organisation are to embrace transparency and have difficult conversations. Money can make people really uncomfortable. Talking about debt, a lack of savings, and a limited level of financial literacy can make people feel vulnerable. We tend to avoid scenarios and situations where we don’t feel in control. So supporting your people in this space is far from easy. Money. Mental Health. Financial wellbeing in the workplace. They’re difficult conversations, but they’re more important than ever. And when you get it right, the results are literally life-changing. #financialwellbeing #money #mentalhealth #managementgap #csuite #decisionmakers #workplacewellbeing