Harvard: "It’s time to prioritize employees’ financial health"
24 Jan 2024
Prioritize financial health
Kicking off 2024 with a resounding message, the Harvard Business Review states unequivocally that employers should begin by prioritizing their employees' financial health.
This 100% aligns with our vision that supporting financial well-being is the next big frontier for employers towards more satisfied, productive, and loyal employees. In the current economic climate, this support is no longer a 'nice-to-have,' but a 'need-to-have’.
The urgency is evident with 80% of US employees acknowledging some level of financial stress. In our recent research, we found that 6 out of 10 Dutch people feel financially insecure about the future; financial worries are an international problem.
In their recent article, Harvard Business Review outlines two crucial steps to enhance employee financial health.
Go for a holistic solution
First and foremost, they stress the need for an "ecosystem" approach. It's not about isolated webinars or singular financial benefits like pensions; it's about a comprehensive platform that acts as an all-in-one copilot for employees on their financial journey.
Go for independent support
Another key recommendation is to bring in external, unbiased expertise for financial education and support. Whether financial coaches, planners, content or webinars: it should be independent.
Equip stands out proudly in both of these – we provide a holistic platform and are completely independent of any financial organization. No affiliations with banks, pensions, anything. Our commitment is to provide unbiased guidance on all financial topics, ensuring your employees receive the knowledge and support they need for financial well-being.
Let's make 2024 the year we redefine employee well-being by prioritizing financial health. It's not just a trend; it's a strategic imperative for a thriving workforce.