How to Support Workforce Financial Wellness

This is your HR News Flash, your briefing on talent management and the world of work from HRCI. Improving your workforce’s financial wellness can boost employee productivity, engagement and satisfaction. When employees have a healthier  control over their finances, they tend be happier and more productive. Here is how HR can support financial wellness initiatives at your organization: First, customize benefits to employee needs. Employee populations will experience different financial struggles. For example, some employees might be thinking ahead about retirement, while others could be concerned with college loans. Survey your workforce to determine which financial benefits they would find most useful. Second, communicate helpful resources. Thoroughly communicate your benefits plan so that employees can take full advantage of what is available. Share available resources with employees that are part of their benefits package.  Lastly, encourage financial literacy. Financial literacy is a primary way to reduce financial stress and insecurity. Include financial literacy courses that are relevant to your workforce as part of your learning and development curriculum. This concludes your HR News Flash. HRCI prepares HR leaders for the digital age. Thanks for listening. Check back soon for the workplace news you need. Learn more at HRCI.org.