Perhaps the most important strategy for improving employee retention and decreasing turnover is the simplest one: offer better pay. But when inadequate reimbursement rates in the Medicaid program make it all but impossible for providers to increase wages, it’s worth considering another approach: supporting your employees to help their limited financial resources go further.
Advancements in technology and innovative ways of thinking have paved the way for an entire landscape of products and services to support employers to do exactly that. From financial education and financial coaching to small-dollar lending programs and credit-building initiatives, employers of all shapes and sizes are playing an important role in putting their most valuable assets on surer financial footing. And, as an additional component of workers’ benefits packages, these strategies have the potential to improve recruitment and retention and decrease turnover.
During this webinar, presenters will discuss the existing landscape of approaches to improving employee financial well-being through the workplace, how financial inclusion products and services can be leveraged by I/DD providers, and the impact these programs can have for employers and employees.
A recording will be made available for registrants.
Walter Balmas, Head of Compliance, Partnerships and Customer Success, HoneyBee Financial Wellness