Financial Peace of Mind

Generational differences are influencing employees' expectations, while technological advancements and personal preferences are changing how employees interact with their money - directly impacting financial well-being.

This is an important consideration as employees who are worried about their financial health are more likely to miss work to deal with financial issues, according to the Society for Human Resource Management. Financially stressed workers are also less productive at work and may need to take time out of the day to deal with money challenges.

Employee benefits should provide employees' financial peace of mind. More than just insurance coverage, a well-rounded benefits package includes 401(k) investment vehicles combined with personalized retirement investment advice, and general financial literacy education. Working with a benefits partner that can provide flexible workplace banking with a strong branch presence, an intuitive mobile app and online banking adds even more value.

Take Workplace Banking. In addition to a seamless direct deposit process, time-saving benefits include in-app remote check deposit. For a third shift worker that can't access a bank branch during normal hours, this capability is invaluable.

Additionally, digital tools and in-person programs can improve employees' money IQ.