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Employee Benefit News: National Trends Trigger More Financial Education
As employees struggle to make ends meet during this tight economy, more employers are offering unbiased Money Coaching and interactive workshops as an Employee Benefit. These services not only help reduce the high cost of Presenteeism, worker slow-downs, and minimize liabilities, but Workplace Financial Literacy is one of the most employee-friendly Benefits companies can offer. Here are just a few of the current economic trends motivating more employers to sponsor these low-cost Employee Benefits:
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OSHA – August 2010
2 million U.S. workers are victims of workplace assault each year. |
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NBC News – August 2010
With the recent hike in bankruptcies, more than 1.6 million Americans are expected to file by year-end. |
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FDIC - August 2010
There have been 279 bank closings since January 2009. |
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MetLife Study - July 2010
Only one-third of Americans believe their personal financial situation will improve over the next year. |
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EBRI Study – July 2010
64% of Americans in the two lowest preretirement income levels will run short of money 10 years after retiring. |
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WorldatWork Survey - July 2010
Employee stress cause increases in healthcare costs, absenteeism, and workplace safety. |
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RealtyTrac - July 2010
1.96 Million foreclosure filings were reported in the first six months of 2010. |
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Hewitt Associates - June 2010
80% of Americans don’t have enough saved for retirement. |
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MSNBC – June 2010
Workplace suicides in the US are on the rise. |
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EBI Conference – April 2010
“Communication” (or lack thereof) is the leading cause of ERISA litigation. |
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Employee Benefit News – April 2010
Financial wellness is a key component to an employee's physical wellness. |
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EBI Conference – April 2010
Employee “Communication” (or lack thereof) is the leading cause of ERISA litigation. |
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MetLife Study – April 2010
Controlling costs, employee retention, and employee productivity are top objectives, so corporate priorities will shift to focus on more work-life benefit programs that promote health & wellness, and employee financial security. |
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Work Foundation – April 2010
Financial worries compounding Presenteeism problems. |
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Washington Post – April 2010
Grim news for continued job growth and sustainability cause high levels of employee financial stress. |
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Department of Labor – April 2010
Employee financial education must be done by an unbiased 3rd party who does not stand to benefit from the education. |
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New York Times– March 2010
11 million households are “underwater”. |
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FBI – March 2010
400 Major cases of employee embezzlement last year cost the average employer $400,000. |
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March 2010 - CBS News
Disgruntled workers leave employers on edge about workplace violence.
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Bureau of Labor Statistics
Nearly 1,000 workers are murdered and 1.5 million are assaulted in the workplace each year. |
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IRS - January 2010
There were 4 million garnishments in 2009. |
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Conference Board - January 2010
55% of American workers are unhappy with their jobs. |
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Chandler Macleod Group - January 2010
New study shows 86% of employees rate work/life balance important in a new job. |
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American Bankruptcy Institute - January 2010
Personal bankruptcies hit 1.4 million in 2009, 32% more than the previous year. |
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US Department of the Treasury - December 2009
3.9 million foreclosures in 2009. |
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McKinsey & Co - October 2009
One-third of American households have no retirement savings. |
