To help mitigate employees’ financial stress, providing the right resources to help employees understand their money goals and giving them the tools they need to achieve these goals requires financial education and support. Enabling employees to meet their short-term goals, such as paying the bills, as well as their long-term objectives like saving for a home or retirement can help relieve this stress. It really is no different than any other type of wellness. It’s all a matter of helping people find out where they currently stand, where they want to be and how to get there, the same as with dietary, fitness or productivity goals.
During a recent product briefing with isolved, they shared some thoughts on how they saw the post-COVID workplace and what it would mean for HR professionals. Although the briefing focused on enhancements to their products (which members can read here), it was this set of customer challenges that I wanted to expand on, as I think it might be useful. The list of challenges is below in bold and I’ll add my thoughts on each of these, as well, with relevant research.