Employers can position themselves as financial information resources for workers
The protracted payroll tax debate finally came to an end in Congress - at least for now. U.S. representatives and senators agreed on extending the payroll tax cut, ensuring American employees would be receiving heftier checks for the time being.
However, a recent survey from the National Foundation for Credit Counseling found that a full 66 percent of American workers hadn't realized they had been receiving an extra boost in their paychecks for more than a year.
"Regardless of how large or small the increase may be, consumers must be aware of it in order to make responsible decisions regarding the use of this windfall money. The poll results underscore the need for increased financial literacy among working Americans," said Gail Cunningham, spokesperson for the NFCC.
Companies and organizations can help their employees take advantage of the extra cash by positioning themselves as trusted providers of financial education, The Coloradoan explains. This ultimately benefits employers - if their employees are less stressed about external factors, they're more likely to be focused on the task at hand.
However, a recent survey from the National Foundation for Credit Counseling found that a full 66 percent of American workers hadn't realized they had been receiving an extra boost in their paychecks for more than a year.
"Regardless of how large or small the increase may be, consumers must be aware of it in order to make responsible decisions regarding the use of this windfall money. The poll results underscore the need for increased financial literacy among working Americans," said Gail Cunningham, spokesperson for the NFCC.
Companies and organizations can help their employees take advantage of the extra cash by positioning themselves as trusted providers of financial education, The Coloradoan explains. This ultimately benefits employers - if their employees are less stressed about external factors, they're more likely to be focused on the task at hand.
All data and information provided on this news blog is for informational purposes only. Infinisource makes no representations as to accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. Information regarding employment suits and other legal action is not updated after publication, and may not be current.