When Pay Isn’t Enough: Driving Business Value Through Financial Security

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July 11, 2022

More than 80% of working Americans say financial insecurity is a major problem, reflecting the fact that many in the U.S. live paycheck to paycheck, lack emergency savings, and experience financial anxiety. Businesses are taking note, realizing that what they pay employees isn’t always enough to achieve financial security. On today’s episode of the Business Group on Health Podcast, we speak with Timothy Flacke and explore the question: “what more do we need to do to turn our investment in wages into the outcome that drives business value and make our workers better off?” Topics include the interconnectedness of our financial well-being, emotional well-being and our ability to be present, productive and safe at work; how to think about financial well-being strategies through the lens of racial and gender equity; and what employers can do to help employees build a strong financial foundation and future.

SPEAKERS

Timothy Flacke | Executive Director, Commonwealth

LuAnn Heinen | Vice President, Business Group on Health

Download transcript.

Duration 36 min

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