Employee financial wellness may seem like an exceedingly personal subject — one with which the employer shouldn’t interfere. And it’s probably unwise to give your employees instructions on how to spend or invest their money. Research from ADP shows that financially secure employees are less stressed and more engaged at work, so employee finance is something you should take time to consider.
Of course, if you ask your employees what the best way to help their financial situation is, they’ll likely say, “Give me a raise.” While this would be nice, most businesses cannot afford to increase everyone’s salary. Instead, here are some things you can do.