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Financial Wellness Tools Help Retain/Attract Top Talent: Survey  

A recent Bank of America survey reveals that 84% of employers endorse financial wellness tools as effective at keeping employees from resigning and leaving.

Bank of AmericaThe 12th annual Workplace Benefits Report survey also finds that 81% of employers view such tools as helping to woo over top talent, which is considered crucial as 46% of companies have reported a higher number of resignations over the last year.

“Offering comprehensive benefits and wellness programs can be critical for employers looking to reduce attrition, can empower employees to take control of their personal finances, and improve employee satisfaction,” says Lorna Sabbia, head of retirement and personal wealth solutions. “We are committed to partnering with employers to provide financial wellness solutions through a holistic and integrated approach that’s actionable for every employee.”

The survey included 824 employees and 846 employers across the country and was conducted in February, with a subsequent survey of 478 employees done in July.

Read the full release. 


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