4 benefits that will help workers improve their financial health

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From healthcare costs to emergency savings, the COVID-19 pandemic highlighted HR’s challenge in finding cost-effective ways to help employees with the financial hardships they are facing.

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But post-pandemic, there is a real opportunity for employers to help employees recover from some of the economic impacts of the past year, Mike Wilbert of Purchasing Power said recently at the virtual Health & Benefits Leadership Conference.

Wilbert, chief revenue officer for the voluntary financial benefits provider, highlighted some “unfavorable” statistics on employee finances found in soon-to-be-released survey data from Purchasing Power. In particular: 44% of respondents say they’re more or somewhat worse off now than they were

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