A financial wellness blog by the experts at Enrich

An employee that is stressed about her finances as a result of a low level of financial literacy
30
Aug

What is the True Cause of Employee Financial Stress? [Study]

Without a doubt, financial stress is something a lot of people are talking about. Companies might assume that COVID-19 or student loan debt caused financial stress, however, a new study has revealed it is actually due to low levels of financial literacy.

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A group of employees sitting around a table for a meeting
23
Aug

COVID Infected Financial Wellness But 3 Simple Steps Will Help

In January, PricewaterhouseCoopers conducted its 10th annual Employee Financial Wellness Survey. It is not surprising that COVID wreaked havoc with financial wellness and increased financial stress significantly.

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A male employee sitting at a desk with his head in his hand due to stress about his financial wellness test
16
Aug

New Study Shows that Employees Need a Financial Wellness Benefit

The National Financial Educators Council (NFEC), the organization that sets industry standards for financial educators and counselors, shared the results of their most recent financial literacy testing data which 41 percent of participants failed.

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A group of happy employees as a result of their employer offering student loan repayment assistance
9
Aug

New Tax Incentive Encourages Employers to Offer Financial Wellness Benefit

Despite the focus on student loans, the student loan debt crisis continues to grow, with students borrowing approximately $102 billion for the 2019-20 school year. A new tax incentive is now encouraging employers to offer employee benefits like ...

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An employee learning about important financial topics on the Enrich Financial Wellness platform
2
Aug

Financial Wellness Programs: 5 Factors Employers Must Consider

Fifty years ago, if you asked someone about a financial wellness program, you would have been met with confusion and blank stares. Now, financial wellness programs are not just popular; they are one of the most desired employee benefits.

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Woman putting her finger to her lips to symbolize a secret
26
Jul

9 Secret Side Effects of Employee Financial Wellness Programs

More and more companies are realizing that financially well employees are more productive, miss less work, in better health and happier in their jobs. Providing employees with customized financial wellness tools and information can also lead to ...

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A group of employees smiling in an office
19
Jul

One Key to Creating a Thriving Workforce

Over the years, the definition of a "good job" has evolved. Traditionally, a good job was thought of as high paying. In recent years, though, the elements that make up a good job have grown and changed, taking into account more than just an earned salary.

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A group of employees sitting around a table in a conference room putting their fists together in the center
12
Jul

The #1 Key to Increase Employee Loyalty Through Financial Wellness

Employee turnover can be a plague on a company. It’s no wonder since some estimates show it can cost a company $40,000 or more to replace a lost employee. To help retain their workers, employers can offer a workplace financial wellness program.

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A team of employees huddling and putting their hands into the center of a circle
5
Jul

The #1 Key to Engaging Employees With a Financial Education Program

In the age of technology and social media, the personalization of content is nothing new. Retailers use personalization effectively to their advantage. Choosing a financial literacy education program is no different.

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Ohio Deferred Compensation building and the words Ohio Deferred Compensation and Enrich Financial Wellness
30
Jun

Ohio Deferred Compensation Now Offering Enrich Financial Wellness Platform to Current and Retired Participants

The Ohio Public Employees Deferred Compensation Program (Ohio DC) and San Diego-based financial education company iGrad have partnered to offer the award-winning Enrich™ financial wellness platform to more than 243,000 Ohio DC participants.

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