Exploring employers’ role in easing employees’ financial stress

It’s hard for employees to focus on work when financial worries are weighing them down. And statistics show that student loan debt is at the root of many workers’ troubles. The pandemic brought about a temporary reprieve in student loan payments, but interest began to accrue again in September, and payments are to resume in October. A 2023 report from insurance and risk management giant Gallagher shows that 77% of employees surveyed are anxious about where they stand financially, and the vast majority say they could save more for retirement if their employer helped with education expenses. All that is leading many employers to get creative with the benefits they offer.