Navigating the complexities of financial and retirement planning can feel like an uphill battle for employees. However, with the right guidance and resources, employers and human resource professionals can equip staff with the tools they need to achieve financial wellness and a secure future. In this blog post, we will explore:  how providing a comprehensive retirement program can lay the groundwork for financial success;  why a comprehensive financial wellness program on top of a retirement plan is crucial;  how to implement a successful financial wellness program; and  a note on how supplemental benefits can be a game-changer for attracting and retaining talent.  Understanding the importance of a rich retirement program  A well-structured retirement plan provides employees with a sense of security and peace of mind. It is a strategic tool for employers to enhance employee satisfaction and loyalty.  Retirement planning is crucial for employees of all ...

There is a significant gap between employees and employers regarding financial wellness programs, according to the Harvard Business Review . “80% of employees report being financially stressed. Only 28% of employers offer financial wellness programs,” the article states.   Similarly, Forbes highlights a 2023 Transamerican Institute study showing that 77% of workers consider financial wellness programs an important benefit.  With so much research on the need for these programs, what should employers do?  The first way employers can bridge this gap is to learn what financial wellness is and how it can improve an employee’s overall being. In this short Q&A, we introduce the topic and offer some essential tips to get started.  Q1: What is financial wellness?  A: Financial wellness refers to the sense of security a person feels about their financial situation in all aspects of their life. It means having control over day-to-day finances, being prepared for ...