Before the pandemic, many Americans were ill-prepared for unexpected emergencies, which has been exacerbated by the recent rise in inflation. As a result, more employees are forced to tap into their savings and 401(k) plans to make ends meet. A few ways that employers can help employees get back on track financially is by offering payroll-deducted savings programs, developing emergency funds with an employer match, and offering emergency savings options.
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@Work Magazine
Powerful Returns Prompt Employers to Rethink Benefit Offerings
By Tori Weeks, CEAS, Regional Director, Health and Productivity Analytics and Consulting Practice, Prudential Group Insurance; Cortney Silva, LISW, CDMS, Regional Director, Health and Productivity Analytics and Consulting Practice, Prudential Group Insurance
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