I was working full time as a family physician during the Recession of 2008-2009. I saw directly the effects of the economic challenges that so many of my patients were suddenly experiencing. Patients and their spouses or children were losing their jobs.
As a human resource manager, you have had the most challenging job of all. Human resources centers around people—the people who make your organization’s identity. As HR professionals, you support colleagues, some of who are their closest friends. You help your peers navigate payroll, benefits, training sessions, best practices, hiring, terminating, furloughing, and much more. These business functions were tough enough to manage before the pandemic, sometimes even underappreciated, but now you have to show up, encourage your peers, and roll out and communicate this changing work dynamic in a world full of unknown, not just for them but for you.
We surveyed over 26,000 full-time working adults who have employer-sponsored health care coverage, and over 20% were currently delaying medical or dental care because of the cost. Taking control of your finances shouldn’t mean the choice of being healthy or unhealthy. But unfortunately, for one out of every five insured adults surveyed, it does.
Step 1: Survey, Your Population – understand your populations wants and needs. Take a look at your employee’s overall health and interests.
When it comes to launching a successful financial wellness program, several factors can drive program success. Investing in a program is a significant first step, but it’s also essential to have a strategy when it comes to launching the program.