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

HR Daily Advisor

employees reversed direction this year following several years of steady improvement, according to a new survey by Willis Towers Watson, a global advisory, broking, and solutions company. The 2017 Global Benefits Attitudes Survey found that barely one-third of U.S. The financial well-being of U.S.

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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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Employee Financial Health: The Hidden Struggle

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And yeah, something else that people may not be aware of is that chronic stress can also affect our immune system in a way that makes us more vulnerable to acute viral illnesses like colds and the flu.” . Retirement on hold: PwC research shows 54% of employees who are stressed about their finances plan to postpone retirement.

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A Benefits Professional’s Guide to Juggling the Demands on Time

HR Daily Advisor

In order to do that, there are key areas to focus on, including embracing technology, developing a strategic vision, and building organizational influence. Embracing Technology. Benefits software also keeps employers on top of regulatory shifts, ensuring organizations do not risk a hefty government fine.

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Financial Health Matters to Workplace Wellness

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Recently, a commuter rail incident underscored the seriousness of not having enough money for critical events: a woman whose leg was severely injured when she became trapped between a train carriage and the platform pleaded with her rescuers to not call an ambulance because she couldn’t afford to pay for it.

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

HR Daily Advisor

Given these developments, we believe employers will want to evaluate their retirement plans and financial well-being initiatives. Among other findings from the Global Benefits Attitudes Survey : Three in four workers (74%) believe their generation is likely to be much worse off in retirement than their parents’ generation.

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Combatting the Hidden Stress of Financial Health

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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. Retirement on hold: PwC research shows 54% of employees who are stressed about their finances plan to postpone retirement.