Employer Spotlight: Eastern Virginia Medical School 

In our sixth annual “Inside the Wallets of Working Americans” report in collaboration with HR Dive, it was found 74% of employees find themselves living paycheck to paycheck, grappling with the constant challenge of making ends meet. This financial strain not only affects their day-to-day lives but also impacts their overall well-being and productivity at work. Recognizing this reality, employers have a crucial role to play in supporting their employees’ financial health. 

In response to the financial challenges faced by their workforce, Eastern Virginia Medical School (EVMS) recognized the pressing need to support their employees’ financial well-being. With an increasing number of staff turning to retirement loans and hardship withdrawals, EVMS sought a proactive solution to alleviate financial stress and promote stability among its employees.

By offering comprehensive financial wellness programs like FinFit, employers can assist their employees in building savings and adopting healthy financial habits. By providing educational resources, tools for budgeting and saving, and access to credit solutions and emergency funding, you can empower your employees to navigate financial challenges with confidence. Moreover, by promoting a culture of financial literacy and well-being, employers foster a supportive environment where employees feel valued and empowered to take control of their financial futures. 

In the face of economic uncertainty, investing in employee financial wellness not only benefits individuals but also strengthens organizations by enhancing employee morale, engagement, and retention. As employers, like Eastern Virginia Medical School, prioritize the holistic well-being of their workforce, they pave the way for a more resilient and prosperous future for employees and their organizations.