Financial Wellness Blog
Middle class was still struggling, I got that – but what I was ill prepared for was the raw manner in which these headlines translated into difficult and unimaginable choices for working families in the world’s most advanced economy.
Research shows that 24% of employees are distracted at work due to finances and 71% of employees identify money as a source of stress.
PayActiv will demo its turnkey, employer-sponsored financial wellness solution that reduces the time lag between when workers earn wages and the time they can actually access those earned wages to pay for daily necessities.
There is something HR can do to help employees relieve some of the financial-related stress while also relieving HR from its overwhelming administrative burden.
Eliminating the need for workers to turn to alternative, and often predatory, lenders to deal with immediate financial issues leads to a workforce without financial stress.