As employers reevaluate employee benefits following the labor shock of 2020’s COVID-19 pandemic, they must look at ways to both shore up financial health and help reduce potential future stressors.
Evidence shows that having enough savings on hand is one of the largest predictors of financial well-being, making employee financial health programs focused on building short-term savings critical priorities. But how much savings is optimal, and how is it best to encourage employees to save?
