Financial strain on employees is playing a significant role in the deteriorating mental health among workers.
have been taking a hit in recent months, driven in large part by soaring stress and burnout.
Furthermore, the money concerns stretched across all pay scales. While 28% of all workers said they run out of money between paychecks all or part of the time, 15% of those earning at least $100,000 said the same thing, according to the survey. Financial wellness services usually involve some combination of coaching, webinars, workshops, and online tools. The variety and flexibility of these options are intentionally designed to give employees freedom and convenience, rather than shoehorning them into a rigid program.
Mecham also discourages company-wide workshops as a way to spread the message about these programs to employees. Many employees will be reluctant to identify themselves as needing help. Instead, getting the word out through internal communications, like the company newsletter or when W-2 tax forms are sent, is a more discreet and effective way of communicating.
HR managers can inspire their employees by talking about their individual values, what means the most to them, and giving them hope that those values can be realized. Educating employees both clears up misconceptions and broadens their knowledge base. Equipping them involves removing as many obstacles as possible and giving them a path to take action.
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