Tag Archives: Financial Wellbeing

Why your employee wellbeing program needs to include a focus on financial wellbeing

Woman sitting at a desk looking at a computer screen with a graph and taking notes while holding a child on her lap. The child is playing with a phone. There are two computer monitors, some toys, and a coffee cup on the desk - banner.

I’ve spent my entire career in benefits – first with a medical carrier, then with ancillary benefits carriers, and now by helping clients design and implement programs for their employees. While I have learned to quote deductibles, coinsurance, and explain … Continue reading →

How employers can provide impactful financial wellbeing programs: Insights from the Employee Financial Wellbeing Conference

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“Why should we offer a financial wellbeing program? What’s in it for us?” For most large employers, that’s how the conversation started only a few years ago. It’s since evolved. We’re no longer talking about whether these efforts matter or … Continue reading →

Testing the water: How deep will organizations dive to address employees’ student loan debt?

A young man in a sweater sitting at a desk in an office working on a laptop

Some days, it feels as if I can’t read the news without seeing some statistic about student loan debt — from what the average student carries after graduation, which is now more than $37,000, to other startling national statistics with … Continue reading →

Welcome to (employee) Wellbeing 3.0 (Part 1 in series)

An infographic money, a heart, sunshine and a handshake inside a human head

  Should employers be concerned with the wellbeing of their employees? The answer, of course, is yes. A workforce that is “well” leads to increased productivity. But Willis Towers Watson research has uncovered a startling disconnect between employer and employee … Continue reading →

Decision support tools can help employees make more meaningful benefits choices

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System recommendations help guide purchasing decisions in a benefits marketplace. Employers are looking to improve the employee benefits experience by expanding choice in both plan and product offerings. According to our Best Practices in Health Care Employer Survey Report, 84% … Continue reading →

Dispelling myths: Retirement security is a priority for all generations

Screen shot of video featuring Jonathan Gardner senior economist discussing retirement security

It’s no secret that a large number of people aren’t saving enough for the future. Increased life expectancy, the move from defined benefit (DB) to defined contribution (DC) retirement plans and diminished public benefit programs have all contributed to declining … Continue reading →

Roth 401(k) contributions are gaining popularity among those looking to increase tax diversification

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As concerns about employee financial well-being and retirement readiness continue to grow, 401(k) plan sponsors are adding a key feature to their 401(k) plans that provides some flexibility to savers: the option for Roth 401(k) contributions. Roth 401(k) contributions turn … Continue reading →

Now is the time to tackle financial well-being

Steve Nyce, Ph.D., senior economist and director of the Research and Innovation Center at Willis Towers Watson

Financial well-being has become a hot topic for employers recently. And for good reason. Our research shows that employee financial satisfaction declined significantly across many countries in 2017 — after several years of improvement. And the impact is clear. Over … Continue reading →

Fine, fearful or flummoxed? employees tell us how they really feel about their financial well-being

Much has been written about how the global economy has drifted into one of the longest productivity slowdowns on record. Wage growth has stagnated in most developed economies, and while most firms offer benefit packages, many are failing to keep … Continue reading →