{"id":3182,"date":"2023-07-05T16:46:05","date_gmt":"2023-07-05T20:46:05","guid":{"rendered":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/?p=3182"},"modified":"2024-04-12T10:29:23","modified_gmt":"2024-04-12T14:29:23","slug":"employees-seek-employer-help-to-achieve-financial-well-being","status":"publish","type":"post","link":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/employees-seek-employer-help-to-achieve-financial-well-being\/","title":{"rendered":"Empowering Employees: Financial Well-Being Support"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"670\" src=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2023\/07\/Employees-1024x670.jpg\" alt=\"Employees have heightened expectations of their employers in supporting their financial challenges\" class=\"wp-image-3183\" srcset=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2023\/07\/Employees-1024x670.jpg 1024w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2023\/07\/Employees-300x196.jpg 300w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2023\/07\/Employees-768x503.jpg 768w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2023\/07\/Employees-1536x1006.jpg 1536w, https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-content\/uploads\/sites\/3\/2023\/07\/Employees.jpg 1590w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Employees Seek Employer Help for Financial Well-being<\/h2>\n<p>A recent Morgan Stanley at Work \u201cState of the Workplace II Financial Benefits Study\u201d revealed that employees have \u201cheightened expectations of their employers\u201d in supporting their short- and long-term financial challenges. The survey noted that over 50% of the employees surveyed believed working with a financial advisor would be most beneficial.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Key Survey Findings<\/strong><\/h3>\n<p>Here are some of the survey\u2019s other key findings:<\/p>\n<ul>\n<li>89% of U.S. employees said their employers need to improve on their helping employees understand how to maximize their financial benefits.<\/li>\n<li>96% of Human Resources (HR) leaders agreed that their company needs to do a better job in assisting employees with maximizing their financial benefits.<\/li>\n<li>85% of HR leaders also said that employees are paying greater attention to reviewing their financial benefits now than they did a year ago.<\/li>\n<li>63% of HR leaders said that employees \u201cmentioned experiences that indicate financial challenges.\u201d<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">Financial Challenges Employees Cite<\/h3>\n<ul>\n<li>45% &#8211; paying off debt<\/li>\n<li>44% &#8211; financial crisis<\/li>\n<li>38% &#8211; drawing on emergency savings<\/li>\n<li>36% &#8211; unable to manage money and finances<\/li>\n<li>34% &#8211; not having emergency savings<\/li>\n<li>32% &#8211; reducing 401k contributions<\/li>\n<li>28% &#8211; irresponsible spending<\/li>\n<li>20% &#8211; not knowing how to utilize equity comp of stock<\/li>\n<\/ul>\n<p>Another interesting finding is that employees consider equity compensation a strong motivator for a variety of reasons as follows:<\/p>\n<ul>\n<li>27% cited \u201cgives me a stake in the success of the company\u201d<\/li>\n<li>24% noted that it \u201chelps meet long-term investing goals\u201d<\/li>\n<li>22% cited that it \u201cprovides additional source of income\u201d<\/li>\n<li>15% noted that it \u201cvalidates performance as an employee\u201d<\/li>\n<\/ul>\n<p>Finally, 93% of employees responding to the Morgan Stanley at Work survey said retirement planning resources was a priority in determining their employment decisions. This was balanced by 76% of HR leaders who cited retirement planning assistance as top priority in retaining employees. It has also proven key to attracting new employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employees Seek Employer Help for Financial Well-being A recent Morgan Stanley at Work \u201cState of the Workplace II Financial Benefits Study\u201d revealed that employees have \u201cheightened expectations of their employers\u201d in supporting their short- and long-term financial challenges. The survey noted that over 50% of the employees surveyed believed working with a financial advisor would&#8230;  <a class=\"excerpt-read-more\" href=\"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/employees-seek-employer-help-to-achieve-financial-well-being\/\" title=\"Read Empowering Employees: Financial Well-Being Support\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/3182"}],"collection":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/comments?post=3182"}],"version-history":[{"count":6,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/3182\/revisions"}],"predecessor-version":[{"id":3874,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/posts\/3182\/revisions\/3874"}],"wp:attachment":[{"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/media?parent=3182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/categories?post=3182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amalgamatedbenefits.com\/amalgamated-life\/wp-json\/wp\/v2\/tags?post=3182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}