Listen to this episode for out of the box thinking about financial wellness.
According to data from the Federal Reserves, nearly 40% of Americans would struggle to cover a $400 emergency expense. If this is affecting 40% of Americans—it’s affecting your employees and your bottom line! When employees are losing sleep over unexpected expenses, their work is affected.
Customizing any program to meet every individual need can be difficult. What is your organization doing to help employees navigate financial wellness?
Think outside the box. Explore unique short-term options alongside longer-term programs. Ensure your employees know about the programs you do provide, and how to access them if they need to. Just because you have a program doesn’t mean your employees know about them! And what they don’t know won’t help.
Key episode takeaway: Push past the administrative hurdles and burdens that may come with providing alternative financial wellness programs—it’s benefits like these that can make the difference between a happy engaged employee and one that is looking to leave.
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EARN SHRM RECERTIFICATION PDCs FOR LISTENING
Honest HR podcast episodes will help you build your competencies while you earn professional development credits (PDCs) toward your SHRM-CP/SHRM-SCP recertification! All you have to do is listen to a full mini-series to earn PDCs! All relevant details, including the Activity IDs, are provided during the podcast recording itself.
The Honest HR podcast is only one of SHRM's podcast offerings. And currently, it is the only one approved for recertification PDCs.
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This episode is Part 2 of a two-part series. When you listen to both parts of the series, you are eligible to receive PDCs for your participation.