If you’re paying employees around the same amount despite differences in their respective skills, experience, and knowledge, you may be engaging in pay compression.
Financial stress isn’t just bad for your employees — it can negatively impact your business directly. Offering a holistic financial wellness benefit is an increasingly common way to provide your employees a benefit that will help to make them better, happier members of your team.
It can be nerve-racking watching the stock market fluctuate. That's why it's important to talk to your employees about their 401(k) retirement plans.