In the current hyper competitive labor market, employers are racing to provide better menus of benefit offerings to attract and retain talent. Many have turned to benefits that help employees navigate financial challenges through financial point solutions such as buy-now-pay-later shopping programs, small dollar employer loans, and ever-popular earned wage access programs.
The unfortunate truth is that many of these point solutions cause more problems than they intend to solve.
If employers continue to offer these financial benefits, they must also equip workers with the knowledge on how to best use them, combined with foundational financial wellness guidance. It's this holistic package that has been proven to help Americans improve their financial situation and weather unforeseen financial challenges, both acute and long-term.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
