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Why HR should consider offering an emergency savings account benefit

HR Brew

Some 54% of employees surveyed by Betterment in October 2022 said financial anxiety has impacted their ability to focus at work. And yet, just 2% of employers offer emergency savings accounts (ESAs), according to the Society for Human Resource Management’s 2023 Employee Benefit Survey. The nuts and bolts.

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What Brokers Can Be Thankful For This Year

Extensis

According to market research firm Technavio , 56% of the HR outsourcing market’s expected growth between 2022 to 2026 is slated to come from North America. Employee benefits Your clients rely on you to present cost-effective benefits packages that cater to their increasingly diverse workforces —and that need will remain steadfast.

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Financial Wellness: The Must-Have Employee Benefit in 2022

Best Money Moves

Financial Wellness: The must-have employee benefit in 2022. If you aren’t incorporating financial wellness into your 2022 benefits strategy, your employees are missing out. The COVID-19 pandemic has had a long-lasting impact on your employees’ financial health.

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SHRM 2022 Employee Benefits Survey: Evaluating the Trends

Extensis

Quick Look: Adapting to trends while also focusing on what employees really want is essential to maintaining low turnover and an engaged work environment. SHRM has recently published its 2022 Employee Benefits Survey which shows the trends worth paying attention to as employers prepare for the upcoming benefits renewal season.

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Transamerica Institute Retirement Report Reveals the Current State of 401(k)s

Extensis

Quick look: The importance of retirement savings is a crucial factor among today’s multi-generational workforce. An August 2022 Transamerica Institute report reveals employers are eager to support financial well-being in an effort to attract and retain talent. 57% of employees face competing financial priorities.

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Chipotle doubles down on recruiting, retaining Gen Z with new benefits

HR Brew

23 new employee benefits , including a student debt relief program. Over 73% of Chipotle’s 110,000 US restaurant employees are Gen Z, the fast-casual chain noted in a press release. Paying down student debt and saving for retirement typically don’t go hand-in-hand. As of March 2023, Americans owe $1.6

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Enabling Clients to Better Support Black Staff with Inclusive Employee Benefits

Extensis

Quick look: With the right knowledge and inclusive employee benefits options, brokers can help address the racial health and wealth disparities affecting today’s Black employees and their families. Retirement savings and assets The U.S. higher rate than white Americans during the first half of the outbreak.