Money struggles are universal, and even your highest-paid employees are battling financial stress at home.
Here's the thing.
It's impacting performance at work. Financial stress impacts focus, engagement, and ultimately inspires job hopping in search of higher salary.
What an employee does with their money is still their business. But employers can benefit greatly by helping employees manage and stretch their paychecks.
We've put together an infographic that quickly illustrates the impact of financial wellness benefits (such as employee discount programs) and how they can positively impact your engagement, productivity, loyalty, and ultimately, your bottom line.
Unemployment is low. Competition is high. Turnover is expensive.
What makes employees stay? Or leave?
What makes them happy and engaged? Or angry and frustrated?
You can guess. Or you can arm yourself with some data.
For data, you've come to the right place. We're compiling every relevant piece of data regarding what inspires loyalty and causes churn, as well as what makes them satisfied or upset with their employer.
It can be argued that employee benefits and perks have never played a more significant role in the workplace.
What was once something companies used to stand out from the crowd have become essential tools of engagement and productivity, not to mention vital to recruitment.
Need proof of just how important benefits and perks are throughout a successful office?
Check the stats below.
We're compiling every relevant piece of public data about benefits - how they impact employee retention and recruitment, how much they cost, which ones people want and which ones are falling flat, and so on.
Subscribe and check back regularly - we're constantly adding new stats to the list.
Building a workplace that Millennials thrive in doesn't mean getting rid of everything that worked for previous generations.
As you can see from this extensive collection, they're very traditional in some senses - they want good compensation, fair benefits, friends in the office, the chance to grow and develop, and a few corporate perks thrown in to sweeten the deal.
But their unique circumstances and background have led them to approach companies with a different perspective.
For example, being raised in a layoff culture has led them to view loyalty in terms of months, not years.
Also, their mobile technology-centric lifestyles have made them view the traditional, 9-5, cubicle-dwelling work arrangement as outdated.
To help you decipher and engage this generation for your company's success, we've compiled every relevant piece of data about Millennials in the workplace we can find.