Purchasing Power launches the 2024 Retail Financial Wellness eBook, offering HR professionals strategies to attract, hire, and retain employees amidst industry challenges.
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- Ebook Overview:
- The eBook provides immediate steps for enhancing financial wellness and covering monthly expenses for retail employees.
- Insights on technology and training needs to improve employee effectiveness and satisfaction.
- Industry Insights:
- Workforce Challenges: Retail faces hiring and retention hurdles, with employees working extra hours due to staff shortages.
- Employer Initiatives: 74% of employers actively support financial wellness to aid employees in managing monthly payments.
- Employee Perspectives:
- Job Satisfaction: High satisfaction (87%) despite concerns over labor shortages and salary competitiveness.
- Benefits Importance: Benefits are crucial, with 89% valuing them as much as salary.
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Financial Wellness Solutions:
- Current Offerings: Insight into existing benefits like discounts (37%) and desired benefits such as financial counseling and medical deductible financing.
- Purchasing Power’s Role: Providing immediate financial wellness solutions for employees, reducing financial stress and aiding long-term planning.
- Ebook Overview:
