The current state of the workforce has made it more difficult than ever for employees to address their wellbeing. Even before the impacts of the COVID-19 pandemic were felt, the current state for employee wellbeing was less than stellar—only 44% of workers viewed their wellbeing in a positive light, and slightly less (40%) had a positive perception of their financial wellness. Unfortunately, we also know that 61% of employees say that they will never be able to retire at the age they want—up 17 points from 2017.
It’s clear that employees need more support with their financial health. Now is a prime opportunity for employers to leverage the power of integration to extend the enrollment experience to also incorporate key aspects of the retirement plan that will ultimately help workers improve their financial wellness.