Financial Wellness Starts With Understanding Employees’ Reality By Daniel Shakhani Most financial wellness programmes are built with good intentions. Leaders genuinely want to support their people and help them build a secure future. But too often, these programmes assume something that isn’t always true: that employees are financially stable enough to use them. January is Financial Wellness Month — a moment for organisations to reflect not just on what benefits they offer, but on whether...

Employer-Distributed Loans: A Smarter Alternative to 401(k) Borrowing By David Kilby, FinFit CEO Employer-Distributed Loans: A Smarter Alternative to 401(k) Borrowing For millions of American workers, unexpected expenses don’t wait for payday. When cash is tight, many turn to their 401(k) plans for relief, but borrowing from retirement savings can quietly derail long-term financial health. Employers now have a better option: low-friction, employer-distributed FinFit loans 1 that provide...

Rising Healthcare Costs Are Driving Employee Financial Stress By Kevin George, Head of Human Resources at FinFit Over my 10+ years in HR, I’ve seen benefit costs rise steadily, but what we’re experiencing today feels fundamentally different. For perspective, while looking for health insurance renewals for 2026 this year, our broker informed me that the average increase for their clients was between 18% and 22%. Additionally, when speaking with another broker, they reported increases of...

How Emergency Savings Accounts Can Boost Employee Wellbeing and Your Bottom Line  Financial stress is a top challenge for employees and businesses alike. With 74% of workers living paycheck to paycheck and financial stress costing U.S. businesses $500 billion annually, the need for effective financial wellness solutions is clear.  Emergency Savings Accounts (ESAs) are more than just a financial buffer, they are a critical component of a healthy financial life. Bankrate reports 59 % of U.S....

Transforming Employee Wellbeing: Quest Diagnostics’ Approach to Financial Wellness At FinFit, we are proud to spotlight our impactful partnership with Quest Diagnostics, a global leader in diagnostic information services. Together, we have taken a significant step toward addressing the financial stress plaguing healthcare professionals—a workforce critical to our communities’ wellbeing. Healthcare workers face unique financial challenges, with 68% reporting stress related to personal...

Financial Wellness at a Glance – What Employees Really Want   Financial stress is at an all-time high, and employees are looking for real solutions—not just traditional perks. 74% of workers live paycheck to paycheck, and more than ever, they’re prioritizing financial wellness benefits like emergency savings, budgeting tools, and debt assistance over gym memberships or office perks.  Yet, while 77% of employees say financial wellness is an important benefit, only 28% of employers offer...

Turning Employee Financial Stress into Long-Term Success Financial stress is a silent productivity killer in the workplace, often going unnoticed until it significantly impacts employee performance. Many employees may feel embarrassed to discuss their financial difficulties or may not realize how deeply their personal finances affect their work life. According to a study by Bank of America, 62% of employees cite financial concerns as a major source of stress, negatively impacting their...

The Impact of Financial Wellness: Insights from FinFit’s Member Feedback Survey  At FinFit, we’re dedicated to improving the financial wellbeing of employees across industries. To understand the real impact of our financial wellness solutions, we conducted a member feedback survey from September 2024 through January 2025. The results are in—and they highlight just how transformative financial wellness benefits can be.  Key findings:  60% reduction in financial stress among employees with...

Tax Season Stress? How Financial Wellness Benefits Can Ease the Burden  Tax season can be one of the most stressful times of the year for employees, with many dreading the complexity and uncertainty it brings. As tax season rolls in, employers can play a pivotal role in easing the process. Despite having a basic understanding of taxes, 64% of respondents report feeling stressed during this period, revealing a widespread lack of confidence and gaps in tax education. This highlights the...

The Link Between Financial Literacy and Employee Loyalty  Employee turnover is expensive. The cost of replacing an employee can range anywhere from 30% to 150% of their annual salary, depending on their role. One often-overlooked tool to reduce turnover is financial literacy. By equipping employees with the knowledge to manage their finances effectively, organizations can reduce stress and improve overall job satisfaction. Financial literacy is no longer just a perk—it’s a strategic...