Editor’s Note: Financial Wellness: The Most Desired Employee Benefit Today

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With uncertainty everywhere, thanks to the pandemic and its impact on the global economy, financial wellness has proven to be equally important as physical and mental health. The amount of money you earn will not matter if you struggle with managing your finances. How to achieve financial fitness? Can employers support employees’ financial goals? What does saving for retirement look like for people in different age groups?

 

If you’re looking to get your finances on track but aren’t sure where to get started, check out the February issue of Employee Benefits & Wellness Excellence that offers key insights on managing financial stress, planning a financially secured retirement, and much more.
 
Given the challenges around ongoing concerns involving Covid, inflation, and market fluctuations, it is important to plot a path to financial security and prosperity. The cover article by nudge’s Jeremy Beament, How Can Employers Guide Employees Through Their Current And Future Financial Challenges offers key suggestions on how employers can guide their employees through their current and future financial challenges.
 
Employers need to shift the focus of their benefits to meet the immediate needs of hourly workers if they want to attract talent at a time when it’s needed the most. Even’s David Baga in his article, Financial Stress And Inadequate Benefits: The Mounting Challenges For Hourly Workers, talks about the challenges of hourly workers today and how benefits need to change for them.
 
It’s never too early to start thinking about your future, says BFG Financial Advisors’ Eric Brotman. In his article, Prioritizing Financial Health In 2022, Brotman points out 5 mistakes that should be avoided for a healthy financial future.
 
Not everyone knows how to start saving for their retirement. It’s a big, possibly far-off goal, and you might need some motivation to start working toward it. Retirement Savings Strategy: Key Factors To Consider by Mark Williams of Brokers International, offers some valuable information that might help you out.
 
In brief, this month’s edition includes expert articles offering valuable insights on financial health, mental health, and the overall wellbeing of employees. Let us be mindful of the fact that in an era, where employee burnout is at an all-time high, high-quality digital health and wellness
programs must top your priority list if you want to retain your talent.
 
We hope you enjoy reading all the articles and get back to us with your valuable feedback.

Cheers!