The Critical Role of Sleep and Financial Stress in Workplace Safety
The financial stress brought on by employee financial illness is a contributing factor to workplace safety issues, due in part to reduced cognitive performance and sleep disturbances. The risks associated with financial stress and sleepiness are dangerous and costly to employees and employers alike. Read on to learn why and how investing in improving employee […]
5 Reasons Workplace Emergency Savings Accounts Won’t Improve Employee Financial Health
Realizing that financial wellness solutions such as financial education, coaching, and planning are not moving the needle on employee financial health, some employers are now considering different approaches. As a result, workplace emergency savings accounts (ESAs) are a type of employee benefit that has increased in popularity. While having liquid savings is an important component […]
Brightside Selected as a 2024 BenefitsPRO Luminaries Awards Winner
Honored within the Industry Impact category, Brightside helps support financially ill employees address urgent needs and face complex challenges that cannot be solved by CFP-led financial planning or one-size-fits-all financial education. October 9, 2024 — Brightside, the only Financial Care solution for employers, today announced that it has been named to the BenefitsPRO Luminaries Class […]
Are You Investing in the Wellbeing Benefits Employees Value?
If you’re a benefits leader, you know how much time, money, and energy goes into creating a benefits package that is relevant to your workers’ needs, fits your budget, is used and loved by your employees, and delivers positive outcomes and measurable ROI. As rising healthcare costs continue to eat into total rewards budgets, offering […]
The Growing Financial Strain on Employees: Insights from the 2024 Financial Health Pulse® Report
The financial health of working Americans has become alarmingly fragile, based on new findings in the Financial Health Network’s Financial Health Pulse® 2024 U.S. Trends Report. More than two-thirds of households (70%) are financially unhealthy, and day-to-day financial health indicators—such as short-term savings, debt manageability, spending relative to income, and the ability to pay bills on […]
How to Lower Your Healthcare Costs By Helping Financially Sick Employees
If you’re like most benefits leaders who responded to Aon’s 2024 Health Survey, your top priority in 2024 has been managing healthcare costs, followed by investing in benefits that attract and retain employees, and support workforce health and wellbeing. Despite the inherent difficulty in that balancing act, it will soon become more challenging. Over the next […]
The Missing Piece in Wellbeing Benefits: Treatment for Financial Illness
Benefits leaders invest so much time, energy, and resources into selecting wellbeing benefits that help employees thrive, personally and professionally. Yet, more than 70% of employees are living paycheck to paycheck, and Americans are struggling with record levels of household debt. This means that many employees and, by extension, their employers, are facing a crisis […]
Why It’s in Your Best Financial Interest to Help Employees Manage Debt
Employers, your employees carry record levels of household debt -and it directly impacts your business. The majority of Americans now call finances their biggest source of stress. The proportion of people who call their debt unmanageable has increased from 38% to 42%, in the past year alone. Credit card debt is the highest it’s been since 2003, and serious […]
7 Signs Your Employees Are Not Financially Healthy
If you’re like 68% of benefits leaders recently surveyed by Mercer, you plan to support employees’ financial wellbeing in 2025. But to see a positive impact on employees’ financial lives and organizational ROI from the benefit, it’s critical that you first understand the financial challenges and barriers they need help overcoming. More than 70% of […]
Emergency Money: Do Your Benefits Help Your Employees?
Financial shocks impact 60% of Americans each year and more than half struggle to make ends meet six months after the event. For financially vulnerable frontline employees challenged by low credit scores, costly debt, and no savings, just one money emergency can start a downward financial spiral that lasts years. Without access to real solutions […]
