Illustration of woman “watering” flowers

Make workplace benefits work for everyone

Financial wellness programs can be a boost for your employees—and for you

The latest edition of UBS Workplace Voice shows how employers can best support their workforce during times of economic uncertainty.

UBS Workplace Voice: Tomorrows, new and improved, Issue 5


Putting life on hold

2022 started off strong for employees. The job market was hot, and employees were being wooed with perks and bonuses. . .

. . .but 2023 brought uncertainty about the economic environment that caused employers to tighten their belts and many employees to put their lives on hold.

Many employees are delaying important life- and wealth-building events in today’s economy

employees are delaying at least one major life event due to the current economy

Life events 

(delayed by employees)

Life events 

(delayed by employees)

Overall

Overall

Life events 

(delayed by employees)

Taking a vacation

Overall

39%

Life events 

(delayed by employees)

Retirement

Overall

33%

Life events 

(delayed by employees)

Switching jobs

Overall

21%

Life events 

(delayed by employees)

Starting a family

Overall

16%

Life events 

(delayed by employees)

Getting married

Overall

14%

Financial events

(delayed by employees)

Financial events

(delayed by employees)

Overall

Overall

Financial events

(delayed by employees)

Buying a car

Overall

39%

Financial events

(delayed by employees)

Investing in the markets

Overall

35%

Financial events

(delayed by employees)

Saving for retirement

Overall

29%

Financial events

(delayed by employees)

Buying a home

Overall

29%


You can help boost financial wellness

Employees recognize the value of financial wellness programs, but many aren’t taking advantage.

Financial wellness programs help employees stay accountable for their finances

of employees agree

Yet, few employees actually participate when a financial wellness program is available

of employees are participating


5 ways employers can increase participation in financial wellness programs

There is an opportunity for companies to build on their financial wellness program AND boost participation.

Our findings show these are key steps you can take to meet the needs of employees today.

Customize financial wellness programs to meet individual needs

Provide access to financial coaching

Communicate proactively and consistently during times that matter most

Help employees better prepare for retirement

Showcase the many benefits of participation


Previous research

Taking the lead

2022

A benefit whose time has come

2020

Benefits take center stage

2021


Let's talk

We welcome your questions about how we can help you create a more rewarding workplace through UBS Workplace Wealth Solutions. Please contact us via e-mail at UBSWorkplaceSolutions@ubs.com.