According to the Federal Reserve, 4 in 10 adults say they would not have the money to cover an unexpected $400 expense. But those who work in the retail sector have an especially hard time making ends meet. And when they suffer, so does your business:
Poor employee financial well-being also has a direct impact on your business’s ability to attract and retain top talent:
What’s an HR professional to do? How are you going to tackle financial well-being in addition to everything else on your plate?
When it comes to finding the right financial well-being solutions for your employees, it’s natural to have questions. In this guide, you’ll find 10 of the most common concerns Businessolver hears from retailers about employee financial well-being. And, you’ll get some sound advice on the pros and cons of various types of well-being benefits—from traditional counseling programs to “set-it-and-forget-it” emergency savings accounts to tax-advantaged employer incentives.