Best Money Moves Description
The impact of Covid on the labor market has been significant and challenging. Over 50 million workers faced job losses, pay reductions, or mandatory furloughs. Presently, organizations are grappling with the aftermath of the Great Resignation, where many employees are leaving their positions in search of better-paying jobs with enhanced benefits, particularly those that include financial wellness resources. Despite a rise in personal income, more than 60% of Americans find themselves financially strained, lacking even $1,000 for unexpected expenses. While this financial burden may seem like an employee issue, it directly affects employers as well. Approximately 80% of workers experience moderate to severe financial stress, which leads to increased absenteeism, diminished focus, lower engagement, and elevated turnover rates compared to their financially stable peers. However, there is a solution available. Spearheaded by renowned financial expert Ilyce Glink, Best Money Moves leverages artificial intelligence to create a user-friendly mobile platform aimed at improving financial well-being for employees. This innovative approach not only helps staff manage their finances better but also enhances overall workplace productivity and satisfaction.
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