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Although several positive economic developments have occurred recently, from job growth to falling inflation, employees still face various financial challenges, such as wage stagnation, reduced savings, and high debt levels. There has also been a shift in expectations around these challenges; employees increasingly want companies to help them manage and improve their finances.
There have never been more ways for HR teams to provide the financial support employees are demanding. They can offer financial guidance (retirement planning and debt management, for instance), 401(k) matches and other investment programs, and benefits such as convertible PTO, which allow employees to
