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The 1 Employee Benefit That Costs You Nothing
If your organization isn’t building relationships with local businesses by offering employee discounts, now’s a great time to start. Especially with the growing war for talent, businesses can introduce discounts as a high-impact, low-cost employee benefit. Employee discounts are a great way to show employees you’re always looking for ways to improve their experience. You […]
Financial Stress is a Symptom of Employee Financial (Un)Wellness: Part 2
According to a 2018 report, Mercer found that $250 billion is being lost annually by American businesses due to employees’ financial stress. Employees spend between 12 and 15 work hours each month thinking about or working on their money issues — time they’re not spending doing the work employers pay them to do. (Learn more […]
Financial Stress is a Symptom of Employee Financial (Un)Wellness: Part 1
Thirty years ago, the executive suite didn’t spend a whole lot of time wondering whether their employees could pay the bills. The attitude: We pay you and it’s up to you to decide how to spend that money. Today, companies are confronted with the reality that not only are 78% of their employees living paycheck […]
On the Money: Making the Case for Financial Wellness Programs at Your Business
Demand for financial wellness programs in the workplace is unlikely to drop to a zero balance soon, given that 64% of today’s employees are paying off student loans; with 54% of them stressed about finances in general, according to PricewaterhouseCoopers. Furthermore, research by Prudential found the number of employers offering such programs jumped 63% in […]
Sleep Well, Work Better: 3 Reasons Employers Should Prioritize a Good Night’s Rest
In an ever-changing work landscape filled with 24/7 expectations and an always-on mentality, sleep is often the last item on the to-do list. Sometimes it’s overlooked completely. Indeed, Harvard research found that insomnia leads to the loss of 11.3 days’ worth of productivity each calendar year, or $2,280 per worker. According to Forbes, insomnia may […]
Money Matters: How EAPs Help Employees with Financial Stress
They say money isn’t everything. But try telling that to someone who’s having financial difficulties. For them, it can seem like the end of the world. It’s distracting, stressful and can lead to feelings of utter hopelessness. Inevitably, we all face financial uncertainty in our lifetimes. In fact, recent data shows an overwhelming majority of […]
Don’t Miss Out on the Value of Your EAP Reports
According to the Society for Human Resource Management, 62% of employers outsource their Employee Assistance Program (EAP). Even if you use an external service for your EAP, the reality is your HR department still serves as the liaison between your employees and that provider. A key part of that role includes interpreting the results of […]
Your Solution for Employee Holiday Stress: EAP
The holiday season can be full of highs and lows: Finding and buying the perfect gift for those you love – but also, added financial anxiety. Finding ways to relax during time off – but despite our best efforts, thoughts of the looming backlog of work. Parties to throw and attend – and the continual […]
How HR Can Help Employees with Mental Wellness
According to the National Alliance on Mental Illness, one in five American adults lives with a mental illness, and one in 25 lives with one that seriously interferes with major life activities. Among individuals aged 18-44 – a large group of working-age Americans – mental health disorders such as major depression and bipolar disorder are […]
Commitment Issues: How EAPs Can Benefit Employees’ New Year’s Resolutions
Lose weight, quit smoking, eat healthier, save money: Any of those ring a bell? According to Statista, over 30% of Americans had one or more of these aspirations on their New Year’s resolution list. Unfortunately, even the most well-thought-out New Year’s resolutions usually don’t come to fruition. In fact, almost half are broken by the […]
How to Remove the Stigma of Utilizing an EAP
You don’t know me, but I’m gonna get real here: Several years ago, I faced the Absolute Worst Time in My Life. While such things never operate on a convenient schedule, this one arrived at a most inopportune time: shortly after I began a new job. The circumstances in my personal life were so enormous, […]
The Human Side of Business: Making the Case for an EAP
The employer-employee relationship is just that — a relationship. And relationships come with certain expectations, even in the business world. Employees want to feel they’re being taken care of. After all, they’ve committed themselves and proven their worth to you. That’s why you hired them. In exchange for their commitment, they expect to be paid […]