Most employees would prefer financial benefits such as a company stock plan, and a broad-based plan tied to payroll such as employee stock purchase plans may be a good fit, as more employees will be able to participate.
Workers expect a straightforward experience finding W-2s and proof of health insurance, but equity compensation, HSAs, and retirement distributions are all subject to rules and regulations that may vary by locale and situation.
Veterans Day on Nov. 11 presents an opportunity to recognize the unique qualities veterans bring to the workplace and to reward them with the right mix of benefits tailored to their special health, wellness and financial needs.
Competitive workplace financial benefits are growing increasingly important, with access to personal financial coaching a powerful way to help employees better navigate both their benefits and their wider financial lives.
Even if this isn't the time to expand your company's benefits roster, you still can add value by providing tailored financial education and information about external support like government-based programs or local backup care.
A realized gain from the sale of stock is not taxed the same as a paycheck. Emphasizing education, diving into the details, and pointing toward additional resources can help smooth out the tax season experience for your top talent.
Take the time to listen to employees, digest the data, and then empower your people to reach any personal financial goals, while reflecting on how any strategic adjustments might yield positive results for the company.