CenterStage: February is American Heart Month - Are Your Loved Ones Knowledgeable?

Heart disease is the leading cause of death for men and women in the United States. Every year, 1 in 4 deaths are caused by heart disease, according to the American Heart Association.

Talking with your loved ones about heart disease can be awkward, but it’s important. In fact, it could save a life. At the dinner table, in the car, or even via text, have a heart-to-heart with your loved ones about improving heart health as a family. Engaging those you care about in conversations about heart disease prevention can result in heart-healthy behavior changes.

Source: Wellness Layers (27 June 2017). Retrieved from http://www.wellnesslayers.com/june-2017-american-heart-association-launched-its-new-heart-and-stroke-patient-support-network-and-patients-registry-powered-by-rmdy/

Here are three reasons to talk to the people in your life about heart health and three ways to get the conversation started.

Three Reasons You Should Talk to Your Loved Ones About Heart Health

#1. More than physical health is at risk

Millions of people in the US don’t know that they have high blood pressure. High blood pressure raises the risk for heart attacks, stroke, heart disease, kidney disease and many other health issues. Researchers are learning that having high blood pressure in your late 40s or early 50s can lead to dementia later in life. Encourage family members to be aware of blood pressure levels and monitor them consistently.

 

#2. Feel Younger Longer

Just as bad living habits can age you prematurely and shorten your lifespan, practicing good heart healthy habits can help you feel younger longer. On average, U.S. adults have hearts that are 7 years older than they should be, according to the Center for Disease Control and Prevention. Just beginning the conversation with the people in your life that you care about can begin to make changes in their heart health.

 

#3. You Are What You Eat

Even small changes can make a big difference. Prepare healthier versions of your favorite family recipes by making simple ingredient swaps, simply searching the internet is all it usually takes to find an easy ingredient alternative. Find a new
recipe to cook for your family members, or get in the kitchen together and you’ll finish with something delicious and possibly making some new favorite memories as well. When grocery shopping, choose items low in sodium, added sugar, and trans fats, and be sure to stock up on fresh fruits and vegetables.

Three Ways to Start the Conversation

  1. Encourage family members to make small changes, like using spices to season food instead of salt.
  2. Motivate your loved ones to incorporate physical activity into every day. Consider a family fitness challenge and compete with each other to see who can achieve the best results.
  3. Avoid bad habits together. It has been found that smokers are twice as likely to quit if they have a support system. This applies to practicing healthier practices as well. Set goals and start by making small, positive changes, chances are they may have a big difference.

The key to heart health is a healthy lifestyle. It’s important to try to let go of bad habits that increase your risk of heart disease. By setting small, achievable goals and tracking those goals, you can possibly extend your life expectancy a little bit each day.

Heart disease can be prevented by making healthy choices and consciously monitoring health conditions. Making healthy choices a topic of conversation with your family and loved ones is a great way to open the door to healthier practices in all walks of life.

Download the PDF

SaveSave


5 things to know about this year’s flu

The nation is having a Terrible, Horrible, No Good, Very Bad flu season.

Flu is widespread in 46 states, according to reports to the U.S. Centers for Disease Control and Prevention (CDC).

Nationally, as of mid-December, at least 106 people had died from the infectious disease.

In addition, states across the country are reporting higher-than-average flu-related hospitalizations and emergency room visits. Hospitalization rates are highest among people older than 50 and children younger than 5.

In California, which is among the hardest-hit states, the virus struck surprisingly early this season. The state’s warmer temperatures typically mean people are less confined indoors during the winter months. As a result, flu season usually strikes later than in other regions.

Health experts aren’t sure why this season is different.

“We’re seeing the worst of it right now,” said Dr. Randy Bergen, a pediatrician who is leading Kaiser Permanente-Northern California’s anti-flu effort. “We’re really in historic territory, and I just don’t know when it’s going to stop.” (Kaiser Health News, which produces California Healthline, is not affiliated with Kaiser Permanente.)

Here are five things you should know about this flu season:

1. It’s shaping up to be one of the worst in recent years.

The H3N2 influenza A subtype that appears to be most prevalent this year is particularly nasty, with more severe symptoms including fever and body aches. Australia, which U.S. public health officials follow closely in their flu forecasting — in part because their winter is our summer — reported a record-high number of confirmed flu cases in 2017. Another influenza B virus subtype also is circulating, “and that’s no fun, either,” Bergen said.

Flu season in the U.S. typically starts in October and ends in May, peaking between December and February.

2. This season’s flu vaccine is likely to be less effective than in previous years.

U.S. flu experts say they won’t fully know how effective this season’s vaccine is until the it’s over. But Australia’s experience suggests effectiveness was only about 10 percent. In the U.S., it is 40 to 60 percent effective in an average season. Vaccines are less protective if strains are different than predicted and unexpected mutations occur.

3. You should get the flu shot anyway.

Even if it is not a good match to the virus now circulating, the vaccine helps to ease the severity and duration of symptoms if you come down with the flu.

Children are considered highly vulnerable to the disease. Studies show that for children a shot can significantly reduce the risk of dying.

High-dose vaccines are recommended for older people, who also are exceptionally vulnerable to illness, hospitalization and death related to the flu, according to the CDC.

“Some protection is better than no protection,” Bergen said, “but it’s certainly disappointing to have a vaccine that’s just not as effective as we’d like it to be.

Shots may still be available from your doctor or local health clinic, as well as at some chain drugstores. Check the Vaccine Finder website for a location near you.

4. Basic precautions may spare you and your family from days in bed.

As much as possible, avoid people who are sick. Wash your hands frequently and avoid touching your mouth, nose and eyes.

Masks aren’t particularly effective in keeping you from catching the flu, although they may help keep sick people who wear them from spreading their germs further.

If you are sick, cover your cough and stay home from work if you can, Bergen said. Remaining hydrated, eating nutritious foods and exercising can also help strengthen your immune system.

Because elderly people are so vulnerable to the flu, some nursing homes and assisted living facilities may limit visitors and resident activities, depending on the level of illness.

 

5. Don’t mistake flu symptoms for those of a common cold.

The hallmarks of flu are fever and body aches that accompany cough and congestion, Bergen said.

If you feel as if you’re having trouble breathing, or if your fever can’t be controlled with medication like Tylenol, check with your doctor. It’s even more important for patients to see a doctor if they have a chronic medical condition like diabetes or heart disease, or if they are young or elderly.

Kaiser Permanente doctors now are being advised to prescribe antiviral drugs like Tamiflu — given as a pill or, for kids, an oral suspension — even without a lab test for influenza, Bergen said. According to a report in the Los Angeles Times, however, Tamiflu supplies are running low.

And Bergen cautioned that these medications are only partly effective, reducing the time of illness by just a day or two.

Read the original article.

Source:
Kaiser Health News (22 January 2018). "5 things to know about this year’s flu" [Web blog post]. Retrieved from address http://workwell.unum.com/2018/01/5-things-know-years-flu/

Prepare your workforce for flu season

It's that time of the year - flu season (yuck!). Protect and prevent the flu from taking over your workplace with this helpful article from Employee Benefit Advisor.


The flu doesn’t discriminate as to who it will infect, which is why it’s important to make sure your workforce is prepared for flu season — which is now in full force. While there are simple personal health practices everyone can adopt to help stay germ-free, getting an annual flu shot is the most effective way to protect against the virus.

Employees miss an average of five workdays per year due to the flu, at a cost of about $200 per person for each lost day. That means for a workforce of 250 employees, flu season could cost $250,000 in missed workdays every year. And, with between 140,000 to 710,000 hospitalizations from the flu each year, adopting preventative steps to cut your company’s exposure is vitally important for your employees’ health and your bottom line.

[Image: Bloomberg]

[Image: Bloomberg]

One of the most convenient options employers have in preventing the flu is on-site clinics. Some healthcare companies offer this option as part of a worksite wellness program in which they administer flu shots and provide educational materials. According to the U.S. Centers for Disease Control and Prevention, on-site vaccines increase productivity and decrease absenteeism in the workplace.

Business leaders also can help increase employee participation in on-site flu shot clinics by educating their workplace on the importance of the flu shot and helping to dispel common misconceptions associated with the shot. As a physician, here are some of the most common “myths” I’ve come across:

The flu shot will make me sick. This is probably the most common flu shot misconception employees have. While a flu shot can sometimes produce minor side effects, like headache or low-grade fever, the vaccine contains inactive flu viruses that cannot cause illness.

Statistically speaking, some people will come down with the flu shortly after getting the flu shot — but, again, the illness isn’t caused by the vaccine itself. The most logical explanation for this is that the person was already exposed to flu viruses shortly before, or within two weeks after, getting vaccinated. It typically takes two weeks for the body’s immune system to fully protect itself after getting vaccinated, so it’s possible to come down with the flu in that period of time.

It’s too late to get vaccinated. It’s never too late to get a shot. Because flu season typically peaks between December and February and could last until late May, you still have time to schedule an on-site flu clinic. However, don’t wait too long. Even if employees receive the vaccination very early on in flu season (September or October), they will still benefit from protection lasting well into 2018. As always, the earlier the better.

I don’t really need a flu shot. While the vaccine’s effectiveness can vary from year to year depending on what strain is going around, research continues to support the recommendation that working adults should get vaccinated every fall. The CDC agrees, stating that a flu shot can reduce the risk of contracting the virus by between 40% and 60% if the dominant flu strain matches the vaccine.

For a healthy person, the flu often just means using a couple sick days to recover. But receiving a vaccine also prevents the spread of germs to other people, keeping the virus out of the workplace completely. Getting a flu shot protects not only the person getting vaccinated, but also his or her coworkers.

Of course, there’s always room for simple, yet effective prevention practices for the entire workforce. Wiping down surfaces with anti-bacterial wipes kills many different viruses, including the flu. Hand sanitizer also limits the spread of flu, especially if it contains at least 60% ethyl alcohol. This percentage ensures the product will have maximum effectiveness in killing germs.

There’s no better time than now to start preparing for flu season. On-site clinics go a long way in making sure employees are healthier and happier this fall and winter. And that’s a win-win for both worker and employer.

 

Source:

Erickson R. (3 January 2018). "Prepare your workforce for flu season" [web blog post]. Retrieved from address https://www.employeebenefitadviser.com/opinion/how-to-prepare-your-workforce-for-flu-season


Top 10 Corporate Wellness Habits to Adopt During 2018

With the New Year in full swing, you may be considering how to turn your life around for the better -  drop pounds, kill unhealthy chocolate addictions, quit binging every Netflix season ever, etc... But what about making lasting habits within the workplace?

 

Too often, we make a list of resolutions, and we forget where we spend most our time. Work is work, but that doesn’t mean we can’t implement some of the changes we make in our personal lives in the workplace, as well.

 

Today, we thought we’d offer up 10 different ideas for employers (or for employees to offer to their boss) to try and implement within the workplace – from wellness challenges to recess. Try one, combine a few, or do them all! The best part about making resolutions is making them unique to yourself and your company. So, don’t be afraid to get creative!

  1. Offer healthy alternatives to traditional junk food items

 

Just a simple switch of snack foods in the office can cut unnecessary calories! Snacking on healthy items can make mindless snacking not so bad.

  1. Offer standing desks

 

This easy switch will be one of the new year’s trendiest wellness tactics. Select desk options that allow users to easily switch between standing and sitting while working to allow for better blood flow throughout the day.

PIXNIO - Image usage: Image is in public domain, not copyrighted, no rights reserved, free for any use.

  1. Try a wellness challenge

 

There’s nothing like some healthy interoffice competition to get people motivated. Select a wellness challenge that is easy and effortless to incorporate into your workplace. This could be a monthly or a weekly challenge, switch it up each month/week to keep things interesting!

 

  1. On-site yoga classes

 

Another wellness trend that will continue into 2018 is managing stress through yoga. Mindfulness and meditation offer a slew of benefits to help employees relieve stress. Invite an instructor to your office every couple of weeks to guide the team through a yoga class.

  1. Celebrate “Wellness Wednesday”

 

Make hump day something to celebrate and begin to tackle wellness in the office in a manageable way. One day a week can be a gateway to a much healthier lifestyle.

  1. Listen to your employees

Survey employees to find out what is working and what isn’t instead of wasting time and energy on things that aren’t engaging your employee population. Use a site like Survey Monkey or Google Forms to create a survey to collect feedback from employees.

  1. Participate in a 5K or other group fitness activities

Find a 5K in your community or choose another group fitness activity and cover the entry fee for anyone choosing to participate.

 

  1. Post signs near elevators and escalators encouraging employees to take the stairs instead

Sometimes just seeing this reminder is all the motivation needed to be a little more active!

  1. Schedule recess

Pick a 15-minute time of the afternoon for everyone to get away from his or her desk. Go outside, socialize with each other and enjoy some fresh air! Taking walks has also been shown to increase creativity.

  1. Reward volunteers

 

Pay your employees for any volunteer hours up to a certain amount or allot a certain amount of time each month for employees to get away from their desk and get active in the community. Ideas include volunteering at a local food bank or cleaning up a local park, beach, or trail. You’ll benefits from both team building and group physical exercise!

 

Give one or more of these ideas a try and if they work out for you, let us know! The important lesson here is to remember your work-life is just as important to better as your personal life. When it comes to New Year Resolutions, make sure they encompass every aspect of your life and definitely don’t forget to include your employees in your thoughts.

Stay healthy, have fun, and Happy New Year!

personalized-health-plans-aided-by-technology

Benefits to plants at your desk

 

Leaves on trees have turned, and a walk to the office often feels like a walk through an icebox. Open windows are a thing of months past. Cooped up, breathing dry indoor air, no one could blame you for feeling down.

But you can brighten your mood and boost your health by adding a plant or two to your workspace. You don’t even need much natural light or a green thumb.

Plants bring a bit of nature inside, along with other good stuff.

They make people happy, and taking care of them can make people even happier. That’s especially true if you’re digging in a garden – horticultural therapy helps sharpen memory and cognitive skills – but desk-side pruning can do wonders for your mental state too.

Plants are also terrific air purifiers.

The air in your office (and home) might be more polluted than air outside – especially if you’re in a big city. Furniture, carpet, plastic items and other synthetic materials are to blame, according to the Environmental Protection Agency.

Plants help by wicking away airborne chemicals and the carbon dioxide we puff out, and then give us oxygen, research from NASA shows.

Four decades ago, NASA scientists found more than 100 volatile organic compounds floating through the air of the Skylab space station. The bad stuff came from synthetic materials off-gassing low levels of chemicals such as formaldehyde, benzene and trichloroethylene – known irritants and potential carcinogens that are in earthly buildings too.

When the chemicals are trapped in an area, people breathing within that same area can get sick because the air isn’t getting “the natural scrubbing by Earth’s complex ecosystem,” as NASA puts it.

Hail plants.

Here are two that demand next to nothing and tolerate very low light (but are just as happy with lots of it). Expect them to live for years and years, without repotting. I speak from experience, but you’ll also find them on plenty of lists and in lots of books about easy-care plants that are good for your health.

Snake Plant or Mother-In-Law’s Tongue (Sansevieria trifasciata)

A sturdy plant with upright and stiff leaves. Ideally, its soil should dry out between waterings. It will grow bigger and look better if you water it as soon as the soil dries (not wait forever) and if it’s in medium light. But it still will live for months if you ignore it, and spring back to robust happiness when you give it a little love.

Pothos (Epipremnum aureum)
A flowing plant with vine-like stems that can easily take over your desk. Ideally, its soil should stay a little moist. But if you let the soil dry out completely, you can jolt the plant back to life with watering. It’s perfectly happy with all kinds of lighting, including florescent, but it will be fuller with better color when it gets decent natural light.

 

Read the original article.

Source:
Malek M. (4 December 2017). "Benefits to plants at your desk" [web blog post]. Retrieved from address http://workwell.unum.com/2017/12/3255/


Two Months After Hurricane Maria, A Growing Majority Of Americans Say Puerto Ricans are Not Yet Getting the Help They Need

Two months after Hurricane Maria struck Puerto Rico, a growing majority of Americans say that Puerto Ricans affected by the devastating storm are not yet getting the help they need, the November Kaiser Family Foundation Tracking Poll finds.

This month, 70 percent of the public say that people in Puerto Rico are not yet getting the help they need, up from 62 percent in October 2017. These perceptions vary by party, and half of Republicans (52%) now say Puerto Ricans aren’t yet getting needed help, up significantly from October (38%).

When asked whether the federal government is doing enough to restore electricity and access to food and water in Puerto Rico or not, a majority of the public (59%) says the federal government is not doing enough, up from 52 percent in October. Most Democrats (86%) and independents (59%) say the federal government is not doing enough, but most Republicans (63%) say it is doing enough.

In contrast, Americans see the recovery efforts in Texas following Hurricane Harvey in late August progressing more positively. Most (60%) of the public says Texans are getting the help they need, twice the share (31%) who say Texans aren’t yet getting needed help.

puertoricopoll.png

The poll finds similar shares of Americans they are closely following news about recovery efforts in Puerto Rico (63%) and in Texas (58%).  Democrats are somewhat more likely to report closely following news about the Puerto Rico recovery (75%) than are independents (61%) and Republicans (54%). In contrast, there are no partisan differences for those following news about Texas.

Designed and analyzed by public opinion researchers at the Kaiser Family Foundation, the poll was conducted from November 8 – 13, 2017 among a nationally representative random digit dial telephone sample of 1,201 adults. Interviews were conducted in English and Spanish by landline (415) and cell phone (786). The margin of sampling error is plus or minus 3 percentage points for the full sample. For results based on subgroups, the margin of sampling error may be higher.

 

You can read the original article here.

Source:

Kaiser Family Foundation (20 November 2017). "Two Months After Hurricane Maria, A Growing Majority Of Americans Say Puerto Ricans are Not Yet Getting the Help They Need" [Web blog post]. Retrieved from address https://www.kff.org/other/press-release/poll-two-months-after-hurricane-maria-a-growing-majority-of-americans-say-puerto-ricans-are-not-ye-getting-the-help-they-need/

SaveSave

SaveSave


ANALYSIS: More than Half of Uninsured People Eligible for Marketplace Insurance Could Pay Less for Health Plan than Individual Mandate Penalty

Things are not looking up for the uninsured. Pay less and reach out to your health insurance professionals today. Want more facts? Check out this blog article from Kaiser Family Foundation.

A new Kaiser Family Foundation analysis finds that more than half (54% or 5.9 million) of the 10.7 million people who are uninsured and eligible to purchase an Affordable Care Act marketplace plan in 2018 could pay less in premiums for health insurance than they would owe as an individual mandate tax penalty for lacking coverage.

Within that 5.8 million, about 4.5 million (42% of the total) could obtain a bronze-level plan at no cost in 2018, after taking income-related premium tax credits into account, the analysis finds.

Most people without insurance who are eligible to buy marketplace coverage qualify for subsidies in the form of tax credits to help pay premiums for marketplace plans (8.3 million out of 10.7 million). Among those eligible for premium subsidies, the analysis finds that 70 percent could pay less in premiums than what they’d owe as a tax penalty for lacking coverage, with 54 percent able to purchase a bronze plan at no cost and 16 percent contributing less to their health insurance premium than the tax penalty they owe.

Among the 2.4 million uninsured, marketplace-eligible people who do not qualify for a premium subsidy, 2 percent would be able to pay less for marketplace insurance than they’d owe for their 2018 penalty, the analysis finds.

The Affordable Care Act’s individual mandate requires that most people have health coverage or be subject to a tax penalty unless they qualify for certain exemptions. The individual mandate is still in effect, though Congress may consider repealing it as part of tax legislation.

Consumers can compare their estimated 2018 individual mandate penalty with the cost of marketplace insurance in their area with KFF’s new Individual Mandate Penalty Calculator.

The deadline for ACA open enrollment in most states is Dec. 15, 2017.

 

You can read the original article here.

Source:

Kaiser Family Foundation (9 November 2017). "ANALYSIS: More than Half of Uninsured People Eligible for Marketplace Insurance Could Pay Less for Health Plan than Individual Mandate Penalty" [Web blog post]. Retrieved from address https://www.kff.org/health-reform/press-release/analysis-more-than-half-of-uninsured-people-eligible-for-marketplace-insurance-could-pay-less-for-health-plan-than-individual-mandate-penalty/


5 Common Types of Construction Fraud to Avoid

Common Types of Construction Fraud

Fraud of all kinds is prevalent across every type of construction project. While cases of construction companies defrauding their clients are the most reported, it is the companies themselves that often lose money to fraud perpetrated by employees, contractors and partners.

To protect themselves, businesses should be aware of the following most common fraud schemes:

  1. Nonpayment of subcontractors and material suppliers done by delaying or falsifying lien waivers, or using project cash receipts to pay bills for other projects.
  2. Billing for unperformed work—often by exaggerating the units of production accomplished or the labour and equipment actually used.
  3. Subcontractor collusion, such as bid rigging and price fixing. It is important to prequalify and pre-approve contractors, provide the full scope of work to bid on, and then select the best-priced, most qualified and responsive subcontractor.
  4. Substituting or removing material, which can include doing things like installing low-grade materials that would require future repairs.
  5. Stealing tools or equipment from a worksite, often done by billing for equipment or tools for the job site that are then used for other subcontractor projects or personal use, or billing for unnecessary tools.

For further protection, it’s a good idea to implement a compliance and ethics program, set up an anonymous reporting system, properly define project scopes and ensure segregation of duties.

Prepare for OSHA’s First Injury Tracking Deadline

OSHA’s new Injury Tracking Application (ITA) was launched on Aug. 1, 2017, allowing establishments to start submitting their 2016 Form 300A. OSHA’s proposed compliance deadline is Dec. 1, 2017, leaving employers limited time to prepare.

The following establishments are subject to the rule and its subsequent reporting requirements:

  • Establishments with 250 or more employees
  • Establishments with 20-249 employees that operate in identified high-risk industries

In order to meet the Dec. 1 deadline, employers should familiarize themselves with the ITA. Employers in states that operate OSHA-approved state plans should consult with their OSHA state-plan administrator for any additional electronic reporting instructions.


Safety Focused Newsletter - November 2017

At Hierl, we take the safety of our workforce very seriously. Every month, we do our best to inform our employees, as well as other employers, on ways to reduce the risk of violence in the workplace. This month, we've decided to focus on the importance of a clean, walkable workplace, and - in light of the unfortunate violence across the US - we want to put a spotlight on safety when it comes to terrorism in the workplace.

Declutter for a Safe Workplace

A cluttered, unorganized workspace isn’t just unsightly—it is also dangerous. Poor workplace housekeeping, such as failing to clean up after yourself, can contribute to the following:

  • Injuries caused by slips and falls when clutter is on the floor
  • Potential fire hazards
  • Exposure to hazardous dust and vapors
  • Ergonomics issues that arise when clutter takes over your workspace, leaving you little room to work

No matter what type of environment you work in, it is important to keep your workspace clean and organized, not only for safety reasons, but also for productivity and morale. According to researchers, a cluttered environment can cause stress, and restrict your ability to focus and process information. The following tips can help you keep your workspace safe and organized:

  • Regularly wipe down your workstation with a damp cloth or disinfecting wipe to remove dust, dirt and germs. Don’t forget the keyboard and mouse if you use a computer.
  • Clean up spills and dispose of all trash immediately.
  • Avoid eating at your workstation, especially if you work with hazardous materials.
  • Keep walkways and floors free of clutter and tripping hazards.
  • Store equipment in designated areas when tasks are complete.

What to Do in the Event of an Active Shooter

Workplace violence may be a rare occurrence, but you should never underestimate the importance of being prepared in the event that your workplace is targeted by an active shooter. An active shooter is an individual who is engaged in killing or attempting to kill people in a confined and populated area.

Shootings can happen anytime, anywhere. The general perception is that these events happen in bad areas or in buildings that contain key members of society. However, this is not always the case, and the majority of shootings that occur in the workplace are carried out by employees, or former employees, for reasons associated with their job.

While you may not be able to prevent an attack from happening, it is critical to keep the following tips in mind in the event that your workplace experiences an active shooter incident:

  • Evacuate the premises if possible.
  • Call 911 if you can do so safely.
  • Warn everyone you encounter to leave the area.
  • Remain silent and still if you can’t flee safely. Be sure to silence any devices you may be carrying.
  • Block any doors with heavy furniture if you are hiding in a room. Don’t stand near any windows.

Only fight back as a last resort. Be sure to cooperate with emergency personnel—it can mean the difference between life and death. When law enforcement arrives, be sure to react in the following ways:

  • Calmly follow instructions.
  • Put down any items you are carrying, and keep hands visible at all times.
  • Provide as much information as you can.

Attacks can happen without warning. Since they are often finished before law enforcement arrives on the scene, it is important to consider the threat of an active shooter in advance and be aware of your company’s emergency procedures.


HRL - Woman - Frustrated

Are you addressing your employee’s financial health?

Do your employees find themselves bogged down with financial concerns? Maybe it's time to help them out. In this article, our partner, UBA, explores some of the ways your employees may be struggling with their financial health, and how you can help.


The importance of health and wellness in the workplace is more apparent than ever. It’s obvious why healthy individuals make better employees and the positive impact this has on your bottom line. When thinking about building a program to improve the well-being of your employees, don’t forget about the importance of their financial health.

In recent years, studies show that employees have a wide range of financial concerns that affect their work. Some financial issues are widespread, impacting a large number of employees, while others may be more unique based on an employee’s specific circumstances.

Financial stress in the workplace influences productivity, absenteeism, physical health, emotional well-being, and the overall happiness of employees. Nearly 25 percent of employees confirm personal finance issues are a distraction at work and 39 percent say they spend three hours or more each week at work dealing with personal financial issues.1

Some of the biggest financial stressors impacting employees today include:

  • Student loan debt – 2 million Americans collectively owe $1.3 trillion in student loans – that’s more than credit card and auto loan debt, and second only to mortgage debt 2
  • Retirement savings – 56 percent of Americans have less than $10,000 in retirement savings 3
  • Emergency funds – 46 percent are unable to cover a $400 emergency 4
  • Other debt – 48 percent of Americans have more credit card debt than savings 5

Unfortunately, financial stress can go unnoticed because it is usually not as openly discussed or addressed. Discussing personal finance with co-workers and even family members is still considered difficult for many. This makes it even more important to have a program in place to educate and empower your employees to make positive financial decisions.

There are a wide variety of financial wellness programs and services available. When developing a program, be sure that you include both educational resources and tools that support behavioral change.

  • Educational resources – Education is the backbone to any financial wellness program. Remember, financial issues can impact anyone in your company and not everyone learns the same way. Offer a variety of resources including workshops, seminars, books, online courses and access to financial consultations. It’s important to assure employees that they are in a safe environment where they can learn and feel comfortable asking questions and seeking more information.
  • Empowering behavioral change – Financial wellness doesn’t stop with education. Worksheets, budgeting tools, financial consultants, loan repayment plans and retirement savings plans are all tools that aid employees in making long-term behavioral changes that improve their financial health. Celebrating the small successes early on will help employees commit to making more long-term changes. Be sure to have programs in place that offer the tools and resources needed for employees to set goals, change their behavior and celebrate their success.

 

You can read the original article here.

Source:

Cannon N. (3 October 2017). "Are you addressing your employee’s financial health?" [web blog post]. Retrieved from address http://blog.ubabenefits.com/are-you-addressing-your-employees-financial-health