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Commuters (2)

Employee financial wellness programs on the rise

While in 2013 only 13 percent of employers felt extremely responsible for employees’ financial awareness, that number has skyrocketed to 62 percent in 2020, according to a Bank of America survey of 808 businesses that have a 401(k) plan.
There are many reasons financial wellness has become so important. To employees and employers. First, employers have found that financial wellness increases employee engagement.
It’s also becoming more important than ever to make sure people are able to handle unexpected financial situations. Plus debt, particularly student loan debt, is become a major stressor for employees.
In fact, managing finances is the top stressor for employees, according to PwC, and that stress is so bad it often becomes a distraction at work.

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Companies Help Commuters Get to Work

Whether it’s financial, like offering commuter benefits, or other means, companies are making it easier for employees to commute with the help of government and nonprofits.

In Austin, Texas, the Central Texas Transportation Management Association works with businesses to help get employees to work. The association is called Movability, and it is “dedicated to working hand in hand with employers to improve the region’s economic vitality by connecting commuters with mobility options that save time and money.”

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