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Want to Retain Your Team? Offer Financial Well-being Programs

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77% of employees say financial stress is affecting their mental health, and 52% said it’s impacting their physical well-being. . Employee financial stress is at an all-time high, according to HR Morning. Employee financial stress is at an all-time high, according to HR Morning.

Finance 291
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8 Dimensions of Wellness: A Comprehensive Guide to Optimal Well-Being At Work And Home

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Emotional wellness is about understanding and respecting your feelings, learning how to express them appropriately, and developing coping strategies for stress and challenging situations. For instance, poor physical health can dampen emotional wellness, while financial strain might heighten stress levels, further impacting physical health.

Health 313
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This Expert Suggests Psychedelics Might Make Their Way Into The Workplace Soon

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As a top business and finance professional turned microdosing expert, Peggy Van de Plassche believes microdosing will make its way into the boardroom. She believes it may be key to preventing burnout, improving stress and anxiety in high-pressure environments, and enhancing performance for all people in business, not just CEOS.

Legal 301
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Daring to Dream: Finding the Courage to Follow Your Own Path

Success

Judy Joo started out following her parents’ plans—spending five stressful years working in finance—before changing course: Judy was the first female Iron Chef to appear on Iron Chef U.K. , Judy’s parents, who had immigrated from Korea, saw her decision to trade finance for food as risky. White men, in particular. who were Asian.

Finance 306
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Could Play at Work Be the Secret to Creativity and Employee Happiness?

Success

As more employers recognize health and well-being as a vital part of employees’ post-pandemic lives, they sometimes see play and creative spaces as ways to promote inclusivity as well, Engels explains. “A Someone from finance is on a team with someone from marketing is on a team with someone from HR… friendships develop…” she says.

Doodle 269
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A Single Disaster Kills 40% Of Businesses — Stop Putting Off Contingency Planning

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Identifying these risks can be done by taking notes on a business’s internal and external environment, including its: operations finances employees customers and competitors A variety of tools and techniques have been established to assess risks, including SWOT analysis , risk matrices, and financial modeling.

Legal 298
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4 Ways To Financially Support Your Employees (Other Than Raises)

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Financial wellness can most easily be described as an individual’s health and mental well-being in regard to their finances. Financial literacy, on the other hand, refers to the skills, knowledge, and information that individuals need to make well-informed and well-thought-out decisions about their finances.