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Financial Well-Being Is Key to Making Work Accessible

Publisher IDC
Published Mar 30, 2023
Length 9 Pages
SKU # IDC17840667

Description

Financial Well-Being Is Key to Making Work Accessible

This IDC Market Perspective assesses the importance that financial partnerships between employers and employees play in building strategic retention. "Organizations are investing in strategic resources like financial well-being to gain insight into areas of financial stress for employees while channeling insights from those resources to determine where they can better partner to relieve stress and improve how employees manage work and life obligations," notes Zachary Chertok, research manager for Employee Experience, IDC. "For employees, financial well-being resources are tantamount to financial and financial risk planning against life goals or objectives. For employers, aggregating trends around these stresses can help surface insights as to whether they are rising equitably to meet their employees' costs of accessing work."

Please Note: Extended description available upon request.

Table of Contents

9 Pages
Executive Snapshot
New Market Developments and Dynamics
Hard Skills Training Costs
Housing Costs
Healthcare Costs
Nondiscretionary Goods and Services
Employee-Employer Partnerships Build Retention
Answering to Employee Needs to Enable Employer Outcomes
Using Financial Well-Being Tools to Make Work Equitable and Accessible
Advice for the Technology Supplier
Learn More
Related Research
Synopsis

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