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Positive Returns on Financial Wellness Rely on Employee Behavioral Change

May 31, 2019

Via: HR Hero

Managing a multigenerational workforce is no easy feat for today’s Human Resources (HR) departments. While Boomers set sail into retirement, bright-eyed Millennials crop up in their place, bringing with them wildly different experiences and expectations that challenge the meaning of “workplace benefits” as HR currently knows it to be.

What’s Keeping the Millennials Up at Night?

Only 27% of Millennials could survive beyond 6 months if they lost their source of income.1 We have a responsibility as organizational leaders to help them turn this around. One thing affecting this generation of workers is the decline of the middle class,2 a state of living that used to be synonymous with financial security and comfort. Today, only 60% of Millennials are categorized as middle class compared with 70% of Baby Boomers when they were in their twenties.

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