What do employee retention rates have to do with financial wellness?

Employers who are seeking to improve retention rates need to consider some of the problems causing employee turnover, and money issues are high on the list. When employees struggle with finances, they have trouble focusing at work.  When employees can’t focus, they lose patience, and so do their employers, but employers can break that cycle […] Read More

Financial Stress: The #1 contributor to $300 billion lost in employee productivity per year

Stress-related illnesses cost businesses up to $300 billion a year in lost productivity,1 and four out of five employees acknowledge some degree of financial stress.2  Imagine the billions employers could save if they changed employee financial stress to employee financial well-being. The negative effects of poor finances and financial stress: 97% of employees concede to […] Read More

Apples & Oranges

Comparing the Average 401(k) Benefit and the MSA Financial Wellness Program Comparing apples and oranges reveals one similarity: they’re both fruit. Likewise, if you compare the 401(k) benefit with the MSA Financial Wellness program mentioned in this article, you will find one similarity: they’re both financial benefits. re·tire·ment pro·gram               noun      Also known as a 401(k) […] Read More