Blog

Much attention has been drawn to employees’ financial stress in the past few years and its effect on their job performance. And then came the COVID-19 pandemic that, beyond the health concerns, impacted employee financial stress beyond imagination. Layoffs and furloughs ensued affecting many...

As companies make their employee benefit decisions for the new year, HR leaders and benefit brokers alike are focused on the new realities of the ongoing pandemic and its effect on the workplace. Purchasing Power®, a voluntary benefit company that offers a leading employee purchase program,...

Benefit communications are vitally important in the COVID-19 world. Employees will likely pay more attention to open enrollment this year and spend more time reviewing their benefit choices.  Due to the effects of the pandemic and the resulting economic fallout, employees report a significant...

Even in “good” times many employees face major hurdles when confronted with unexpected expenses and how to pay for them. With the impact of the Coronavirus pandemic on employee paychecks, those hurdles are even higher. Prior to the pandemic, industry statistics showed that 78% of U.S....

COVID-19 has disrupted our world in ways we never would have imagined six months ago. Open enrollment is just one of those ways. Typically, only about half of employees actively enroll in their benefits from one year to the next, according to Alight. That is most likely to change this year...

According to WalletHub, 77% of Americans made a financial resolution for 2020. The number one financial resolution for men was to save money, while women focused on paying off debt. It’s halfway through the year, and, like most New Year’s resolutions, very likely that resolutions went by the...

  Our Chief Operating Officer, Robin Holland talks with Charlie Katz of AUTHORITY MAGAZINE about her life experiences and lessons in leadership in the the lastest issue. Many people didn’t grow up learning financial literacy from their parents or in school like I did, but it’s never too late...

Unexpected expenses and how to pay for them are a continuing challenge for many employees. With so many workers living paycheck-to-paycheck and with little or no savings, it’s a struggle to handle unexpected expenses that occur. The impact of the COVID-19 pandemic has made employees’ financial...