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Financial Wellness: 59% of Employees Say Stress of Finances Negatively Impacts Work Performance

HR Daily Advisor

The 2017 Global Benefits Attitudes Survey found that barely one-third of U.S. The ongoing financial worries that are plaguing so many employees are taking a toll on their financial confidence,” said Vincent Antonelli, senior consultant at Willis Towers Watson—in a press release. “We A total of 4,983 U.S.

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Gender Plays Vital Role in How Workers Are Saving for Retirement, Finds Willis Towers Watson

HR Daily Advisor

At the same time, workers’ retirement confidence has declined following several years of steady improvement. Financial pressures are driving many employees to retire later,” said Pat Rotello, senior consultant at Willis Towers Watson. workers participated in the survey, which was conducted in July and August 2017.

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Employee Financial Health: The Hidden Struggle

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In an interview with the American Psychological Association, Dr. Linda Gallo, a professor of psychology at San Diego State University, reminds us that “the toll of stress on the body accumulates and can contribute to chronic physical conditions, such as heart disease, diabetes and other illnesses.

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Employers Overestimate Impact of Wellness Programs and Incentives on Employees’ Health Behavior

HR Daily Advisor

According to the Willis Towers Watson 2017 Global Benefits Attitudes Survey, nearly two-thirds of employees (65%) surveyed say managing their health is a top priority. However, employers understand that existing approaches have not been effective and so are looking at new directions to change employees’ health behaviors.”.

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16% of Fortune 500 Companies Offer DB Plans to New Hires; Dramatic Decline Over 20 Years

HR Daily Advisor

Fortune 500 company in 1998, there was about a 59% chance he or she would be offered a traditional or hybrid defined benefit (DB) pension. As of 2017, that likelihood dropped to 16% in the same group of employers, according to a new Willis Towers Watson (WTW) retrospective report on large DB plans. DNY59 / E+ / Getty Images.

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Combatting the Hidden Stress of Financial Health

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At the same time, scores of others simply don’t have the means, knowledge, or wherewithal to contribute to an RRSP this year. Emotional impact : the 2017/2018 Global Benefits Attitudes Survey reports almost one-third of workers (30%) believe their financial concerns are negatively affecting their lives.

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Financial Health Matters to Workplace Wellness

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Emotional impact : The 2017/2018 Global Benefits Attitudes Survey reports almost one-third of workers (30%) believe their financial concerns are negatively affecting their lives. Disengagement : The 2016 Sun Life Canadian Health Index said 29% of Canadians are distracted at work due to their financial situations.