Blog

The tighter employment market and knock-on effects of the pandemic will push smart employers to plan for how they can compete to attract employees from a smaller pool of workers with more options. The most effective strategies will support their employees to solve the real barriers that otherwise keep them from work.

Payroll advances can be valuable for employee financial health, if they're done right

What do you do when employees come to you asking for a payroll advance or a loan? You want to make sure your employees feel supported, especially when they are coming to you for help during a financial emergency. An advance on their paycheck can feel like a simple way to help out. But before you offer them a payroll advance or loan, it’s important to consider both the costs and risks that come with them.

Medical Debt

“I’ve stopped checking my mail,” said Travis, overwhelmed by the past-due medical bills and collections notices piling up in his mailbox. Unfortunately, Travis’ situation is all too familiar. It seems like every week another family is in the news, sharing their story about unexpected medical bills, unaffordable healthcare costs, or being so burdened by medical debt that they have to file for bankruptcy. These stories aren’t anomalies; they’re very much a reflection of reality.

Food insecurity is the lack of access, at times, to enough food to meet all household members’ nutritional needs. And it’s often invisible to those who aren’t experiencing it. You may never know that one of your employees is skipping meals at home because he/she lacks the money or resources to maintain an adequate diet every day.

Since their inception in the 1970s, EAPs have expanded their services to meet the needs of today’s workforce, including providing support for marital/family issues, work stress, and legal counseling. As effective as EAPs can be in solving some of the problems employees face, employers are partnering with WorkLife to complement and enhance their traditional benefits for these five key reasons….

More than 40% of Americans can’t afford to cover an emergency expense of $400 or more. And for those who are just getting by, one financial setback can set off a snowball effect, causing challenges that grow in severity as they goes unresolved. When employees reach out to WorkLife Partnership, it’s rarely because they’re facing just one barrier. In fact, the average WorkLife client reports experiencing six or more barriers at once. When one challenge turns into two and two into three, your employees could find themselves up against issues that are insurmountable—unless they have support.

Newer Posts

Older Posts