The Work In Progress Report
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New financial benefits give small business employees early wage access

New financial benefits give small business employees early wage access | The Work In Progress Report | Scoop.it
Gusto has launched a new set of health and financial wellness benefits, providing employees with early access to earned wages, reimbursement for medical bills and a savings account.
Sophie Wade's insight:

In challenging COVID-19 conditions, timing matters when it comes to income. Giving people flexibility to receive some wages early can be a major benefit. Why not survey to find out if this would help any employees?

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Is it time to offer financial education as a benefit?

Employers who teach workers about money matters can profit from increased employee satisfaction and productivity levels.
Sophie Wade's insight:

Personal financial situations are a key source of stress for employees. More employers are offering benefits to reduce stress and distractions in this area to improve employee well-being all round

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KFC adds personal finance benefit

The restaurant’s foundation responds to employees’ need for practical money advice.
Sophie Wade's insight:

Another company recognizing that stress impacts productivity AND relevant benefits improve retention. Finance coaching is HUGE to help people manage their money better - great benefit, win-win.

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9 benefit trends to watch in 2018

9 benefit trends to watch in 2018 | The Work In Progress Report | Scoop.it
Industry experts weigh in on a range of pain points facing employees, such as managing student debt, and the products that are designed to address them.
Sophie Wade's insight:

Is financial wellness part of your employee wellbeing program? Reduce distractions and stress to improve engagement.

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