Ensuring employee financial wellness has gained much significance for employers in recent years. According to a recent study, 69% of workers feel stressed about their finances while 72% of employees worry about their finances at work. This naturally impacts the overall productivity and efficiency of the employees and often makes them seek quick loans online to overcome their financial needs. Moreover, 21% of millennials expect their employers to support their savings initiatives to helps them build a financially secure future. This has naturally made it essential for employers to provide the necessary financial wellness programs that can help address the no.1 concern of their employees, namely their financial stress.
An Overview Of Financial Wellness
Simply stated, financial wellness can be defined as the overall financial health of an individual without any serious money-related stress. To attain the objective of financial wellness, individuals need to become strategically aware of their finances. It also requires them to master the skill of expense management and help to enhance their savings by keeping track of their expenditures vis-
