With each job change, employees face complex questions about what to do with their retirement savings from their previous employer(s). Almost half (45%) of them make decisions counter to their best interests. Employers can help turn this around—and it’s in their best interests to do so.
Communicating about employee benefits amid the legislative swirl in Washington may have its challenges, but the hype surrounding efforts to repeal or replace the Affordable Care Act also presents an ideal opportunity for your voluntary benefits to gain some real traction.
With an improving labor market and increasingly diverse workforce, organizations are pulling out all the stops, looking for ways to attract, retain, and engage their employees. And they’ve realized that engagement starts—and ends— with employee benefits. We’ve outlined why benefits are an important part of the employee engagement equation, and some of the ways your benefits program can help improve engagement at your company.
Don’t annoy employees with the typical cheesy stock photos, generic statements about healthy living or the-sky-is-falling reminders about soaring health care costs. Instead, educate employees and their families about the practical ways your company supports their unique goals.
We talk a lot about how employers are uniquely positioned to help their employees become more financially secure through the benefits they offer—not just by taking advantage of financial wellness programs, but by understanding how choosing and using their health benefits correctly will also benefit them financially. But their influence doesn't stop there—together, employers wield the power to reshape the health care industry overall. See how the conversation's unfolding.
Financial wellness has become a very hot topic lately. We’ve been talking about it a lot, and sharing the financial wellness framework we developed with State Street Global Advisors as we speak with companies that want to help their employees become more fiscally fit. We drill down what you need to know to create a successful financial wellness program.
Far too many Americans’ financial success is left up to chance. And, for many people, the cards are just plain stacked against them. This is why financial wellness has captured employers’ attention the past few years—why we’re seeing it in the headlines, and why, as an industry, we should be doing so much more to help. It isn’t enough to look at which new programs or solutions can help educate employees; my July 2016 column in Workforce magazine explores the role automation can play in taking the guesswork out of financial wellness, and creating paths that lead to optimal financial outcomes.
Looking for ways to help your employees make better financial decisions? Learn how Garmin, the leading worldwide provider of navigation systems, is taking the lead in financial wellness by driving HSA engagement.