The benefit employees actually want

Written By Molly Weaver

April is Financial Literacy Month, which makes it the perfect time to address what 76% of employees say causes them significant stress: money worries. Beyond competitive salaries, forward-thinking companies are offering benefits focused on improving financial health, including:

  • Financial wellness programs with 1:1 coaching sessions

  • Student loan repayment assistance

  • Emergency savings programs with employer matching

  • Transparent pay bands and progression paths

  • Early wage access programs (like Daily Pay or InstaPay)

  • Tuition assistance with no repayment obligations

  • Healthcare-specific debt counseling

Companies like Pricewaterhouse Coopers (PwC) found their financial wellness program resulted in 22% fewer employees reporting money-related stress. Cleveland Clinic’s financial wellness program saw a 35% increase in retirement plan participation.

The ROI? Reduced absenteeism, higher productivity, and improved retention. When employees are less worried about money, they can focus on innovation and growth.

Financial benefits aren’t just perks; they’re productivity tools.

Molly Weaver
Next

What baseball can teach us about talent management