ALC - edenred

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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Self-Care for employees in uncertain times

Given the current state of the world and how it has affected the work of millions, there has been an increasing interest in how employees can better practice self-care. And rightly so, considering how the global health crisis is creating even more obstacles to employees’ mental health. Apart from the wellbeing of their employees, businesses should be reminded that the cost of depression and anxiety translated to an annual loss of $1 trillion for the global economy in loss of productivity in 2019. And this year, it’s obvious that this problem has only gotten worse. As business owners, how can we help employees take better care of themselves and maintain a positive mindset even in the most uncertain of times?

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5 Tips For Staying Cool When Commuting On Hot Days

So, yeah, it’s getting hot out there, isn’t it? Is the heat putting a damper on your daily commute? Those of you that are out in the heat waiting for the bus or sweating bullets on that underground subway platform, could probably use some relief.
Well, here are 5 easy tips for staying cool when using public transportation on those uncomfortably hot, hazy dog days of hot spring and summer.

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8 Facts to Know for New Jersey's Commuter Benefits Law

If you own a business in New Jersey, you need to start offering a commuter benefits program if you employ a certain amount of employees.
Businesses that are not in compliance with the New Jersey commuter benefits law that went into effect on March 1 2020 can be fined.
Here’s a primer on New Jersey’s Commuter Benefit Ordinance with the insight you need to comply. We also have a toolkit for businesses available here.

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