Job benefits are a crucial part of a person’s decision to apply to a company or stay in a position. One study finds that more work benefits would increase job satisfaction for about 72 percent of employees. Many companies also recognize this trend since 43 percent of employers have increased benefits to stay competitive when attracting and retaining employees.
Companies are beginning to offer benefits beyond the standard sick and vacation days. Some offer free food and drinks to all employees while others offer comprehensive pet benefits. Although it’s easy to get swept up in these flashy perks, it’s important to identify benefits that bring real value to your life.
Benefits focused on relieving financial stress are popular among employees. In fact, more than 60 percent of employees seek support from their employers for all aspects of health, with financial health as their top priority.
Below, we’ve highlighted benefits that focus on alleviating financial burden for employees.
Reducing Workplace Financial Stress
Easing financial stress with the right benefits is a win for both employees and employers. Financial literacy, in particular, is receiving more attention from employers. The International Foundation of Employee Benefit Plans found that about one in four organizations currently has a budget for financial education. They also found that the most common challenges affecting employees are various kinds of debt, including credit card debt.
Understanding how to manage debt and build your credit can be difficult, especially if you’ve never received formal financial education. To get started, you should learn why your credit score is important and how you can build it.
Sources: Access Perks 1, 2 | John Hancock | IonTuition | Student Loan Hero | alight | Challenger, Gray & Christmas, Inc. | PwC 1, 2 | Aetna | Chegg | Salesforce | Spotify | Microsoft | Bank of America | SHRM | Activision Blizzard | The American Institute of Stress | Spherion Staffing Services | Salary | Glassdoor | Facebook | Scripps Health | Survey Monkey | Zillow