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Why Are Savings Accounts Important

Emergencies show up at the most inopportune time, whether it’s an unexpected trip to the ER, a surprise auto repair bill, or a busted pipe spewing water in your basement. And when life shows up — as it always does — where will your employees turn for financial resources to help you manage the situation? If they’re like most Americans, they likely have insufficient savings —nearly 70% of Americans have less than $1,000 stashed away — or no savings at all. Without adequate savings in a bank...

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Employee Financial Education Programs: Do They Really Work?

Today, employees are switching jobs in droves. So much so, this mass exodus has been classified as the Great Resignation. According to the U.S. Department of Labor, a staggering 11.5 million workers left their jobs during April, May, and June of 2021. And by most measures, this is just the beginning. Now more than ever, it’s imperative for employers to use every tool within their arsenal to retain and engage top talent. Fortunately, there may be an often-overlooked, golden arrow within your...

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Financial Needs Analysis: Surveying Employees for a Financial Wellness Program

Everybody deals with financial challenges, though each individual financial journey is unique and the challenges may look different. For employed individuals, financial stress can affect job performance as well. As personal financial problems become worse, it becomes nearly impossible to ‘leave it at home.’ Employees are distracted, productivity goes down, stress goes up and, in some cases, discipline issues and absenteeism can occur. FinFit helps boost employee productivity and increase...

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