Purchasing Power CEO Richard Carrano wants U.S. employers to understand that while the economy is doing well overall, most employees—78%—are still living paycheck-to-paycheck. To keep their bottom lines performing well, companies should invest in financial benefits that can help employees meet their financial goals, provide flexibility and relieve stress that negatively impacts their performance at work. Check out his latest article in the Atlanta Business Chronicle, where he discusses why companies need to understand this reality and what he thinks they can do about it.
Corporations need to be more empathetic to the financial decisions that many of their employees have to make on a daily basis. Recognizing the importance of financially-healthy employees is critical, as is providing benefits that assist those employees to improve their financial situation.