Stephen Donajgrodzki’s Post

THE PROBLEM: Financial stress is impacting your employees' productivity, well-being, and loyalty. FACTS: >80% of employers report that financial stress is lowering their employees’ performance level, costing them half a trillion dollars annually. (Sources: SHRM & Salary Finance) >Seven in 10 U.S. workers surveyed said they stress about personal finances. While Gen Z is the most stressed, at 76%, Gen X is not far behind., with 72% of workers saying they feel very or somewhat stressed. (Source: PNC) >Employees burdened by money matters are 9 times more likely to have troubled relationships with co-workers and are twice as likely to be searching for a new job. (Source: Morgan Stanley) THE SOLUTION: The Financial Wellness Intensive! A transformative program designed to empower your employees to take control of their finances and improve their overall well-being. Led by award-winning financial journalist and behavioral finance expert Stacey Tisdale, this intensive program will equip your team with the knowledge, tools, and strategies they need to achieve financial success. https://lnkd.in/e_VtEkYA Key Benefits: >Increased productivity >Reduced turnover >Enhanced employee well-being >Improved company culture Go to https://lnkd.in/e_VtEkYA to learn more! #innovation #financialwellness #corporatecultures #employeerete tion #workplace #humanresources

Corporations Have Lost Sight of Their Employees' Needs!!!! 😡 It’s frustrating to see how large corporations have shifted their focus solely to maximizing profits for shareholders. The advancement, salary, and culture of individual employees seem to be neglected. Companies once cared about their people, but now it feels like we’re just cogs in a profit-making machine. 📉 Despite record profits, wages stagnate, and meaningful career growth opportunities are rare. The corporate narrative often pushes the idea that increasing prices is inevitable, but why can’t we maintain fair pricing and still support our workforce? It’s possible to thrive without sacrificing employee well-being. ⚖️ It’s time for corporations to remember the importance of their employees. A company’s true value lies in its people, not just its profit margins. Fair wages, career development, and a positive culture are investments in long-term success. 💬 Have you felt undervalued or overlooked in your workplace? Share your experiences and thoughts below. Let's push for a corporate culture that values people over profits. #CorporateCulture #EmployeeWellbeing #FairWages #CareerDevelopment #WorkplaceEquity #ShareholderProfit #EmployeeAdvancement #CorporateResponsibility #SustainableBusiness #WorkplaceCulture

🌟✨ Before vs. After COVID in 2024: Are Companies Still Prioritizing Profits Over People? ✨🌟 🕰️ In the past, work was busy, but bosses sometimes didn't think much about the people doing the work. Companies stuck to old rules, and working from home wasn't common. 🔍 But when COVID-19 happened, everything changed. Suddenly, many people had to work from home. Companies had to think more about their workers, which was good. But some companies saw it as a chance to save money. They might have cut jobs or reduced benefits for workers. 🌱 Now, as things improve, we see some good changes, but also some not-so-good ones. Companies know they should treat workers well, but sometimes they still try to save money in sneaky ways. They might use fancy tech like AI, which could mean fewer jobs for people. And even if companies are making lots of money, they might cut benefits or bonuses, blaming COVID or money problems. 🤝 So, as we move forward, we need to watch out for each other. Let's ensure companies treat people right, even when times are tough. It's not just about money; it's about fairness and taking care of each other. 💡 What do you think about all this? Share your thoughts below, and let's continue discussing how we can make work better for everyone! #WorkChanges #FairnessAtWork #MovingForwardTogether

🔗 Inflation’s Impact on Employees: What Employers Can Do Economic inflation isn’t just a headline; it’s a reality impacting your workforce and business. Here’s how it affects employees and what you can do: 1. Promote Your EAP: Connect employees with financial and mental health professionals. 2. Engage Top Talent: Conduct stay interviews and understand their needs. 3. Support Managers: Offer training on managing stressed employees. 4. Boost Retirement Contributions: Encourage long-term planning. 5. Explore Financial Incentives: Consider bonuses if salary increases aren’t feasible. 6. Offer Non-Financial Benefits: Provide career development and recognition programs. 7. Allow Remote Work: Reduce commuting costs and align with workplace trends. Communicate empathetically and transparently. Show you care, and your employees will feel valued and supported during these challenging times. #Leadership #EmployeeWellbeing #HR #InflationImpact #WorkplaceCulture

𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐂𝐨𝐦𝐩𝐞𝐧𝐬𝐚𝐭𝐢𝐨𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐞𝐬: 𝐖𝐡𝐚𝐭 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐊𝐧𝐨𝐰 🚀 Staying abreast of compensation trends is crucial for both recruiters and candidates to ensure they are competitive and fair. Here's what's trending in finance compensation: 1. Performance-Linked Bonuses: More companies are tying a significant part of compensation to performance metrics. This shift not only drives better results but also aligns employee goals with organizational objectives. 2. Equity and Stock Options: There’s a growing trend towards offering equity as part of the compensation package, especially in startups and tech-oriented companies. This not only helps retain talent but also aligns their interests with the company’s long-term success. 3. Workplace Flexibility: Post-pandemic, flexibility has become part of compensation discussions. Companies offering remote or hybrid work options are seeing a 25% increase in employee satisfaction and retention. 4. Comprehensive Health Benefits: With health being a top priority, more robust health benefits are becoming standard. This includes mental health support, which has seen a significant uptick in importance among finance professionals. 5. Professional Development Opportunities: Companies investing in continuous learning and professional development are able to attract top talent. Candidates highly value the chance to advance their skills and careers. Are there other trends you’ve noticed? Share your thoughts and experiences in the comments below! #FinanceCareers #CompensationTrends #FinancialRecruitment #CareerDevelopment #EmployeeBenefits

In what ways can organisations do more to acknowledge and support the evolving needs and self-awareness of their employees? 💁🏻♂️ Employees are people, not just workers. 💼 Work is a component of life, not isolated from it. 🙌🏼 Value comes from emotional connections, not just product attributes. Organisations must understand that compensation isn't everything; emotional value and making a difference are crucial. The intent to leave or stay in a job is only one of the things that people are questioning as part of the larger human story we are living. It's critical to deliver value and purpose. And ignoring this shift is shortsighted. The pandemic has stretched the boundaries so far that there's no returning to the old ways. People don't want to go back. Many have developed a new sense of self-awareness and worth and will remember if they have felt undervalued. The competitive job market demands companies to differentiate themselves. Bottom line: People seek purpose in their lives and career. Employees expect deeper relationships, a strong sense of community, and purpose-driven work. Your values and business purpose should be part of the fabric of the business, and, in turn, you'll see an improvement in the people you attract, you'll see morale improve, and you'll see your employees wanting to stay in your organisation for longer. What steps is your organisation taking to support your employees' personal and professional goals? #CompanyCulture #Transformation #EmployeeRetention #BusinessValues

Not sure what Translink were promoting on the side of their bus, but it’s ironic ‘happiness’ was the word on display as Jess Lowe snapped the pic 📸 There is no hidden agenda with what I do for a living. It’s as simple as this: ✅ I believe people deserve to have a positive experience of work ✅ And I believe happy healthy people are better for business anyway I want to help people have a positive experience of work, and help organisations thrive because of it. Win:Win 🤝 From a moral standpoint I believe that people dedicating 1/3 of their lives to work deserve to have their work make a positive impact on their wider lives. Yep, work should facilitate a better quality of life. If it doesn’t, why do it? And that’s where I feel we’re stuck. For too many people, work makes their life worse. That’s bad for them, and it’s bad for business too. In a week where Rishi Sunak has outlined his intention to get people back into work, I don’t believe there is a better way to do that than to offer work that is good for people. If we do that, people: 👉Will come to work 👉Work harder 👉Deliver more 👉Stay longer And we won’t have to force them to do it. Giving your all for your employer requires discretionary effort. No-one gives that discretionary effort to someone or something that’s not good for them. But when people feel they’re part of something good, it’s amazing what they’ll contribute. Do you: Agree 👍 Disagree 👎 P.S. Checkpoint one on the first Vibrant Workplace Accelerator revealed: ▪️4.68 times as many positive days as negative ▪️An employee engagement score of 4.1 / 5 (82%) showing the employees are ‘Often Engaged’ with their work ▪️An employee net promoter score (eNPS) of 50 which is regarded across industry to be excellent and shows a strong ambassadorial spirit This came from a 93.4% response rate, so we can be confident this is a true reflection of how these employees are experiencing work. If you want help to shape a Vibrant Workplace culture that powers your business success, a chat with me is free 🤷♂️ #VibrantWorkplace

Yes, there's a cost of living crisis. 💸 Yes, we're officially in a 'recession'. 📉 Yes, there's been an epidemic of employees asking for pay rises. 💰 But, despite all that, money is NOT one of the top reasons for employee happiness and retention. It's a great short-term driver, but, in order to keep exceptional talent for the long haul, you need to ensure that they: 👉 Have meaningful roles 👉 Feel appreciated for their great work 👉 Are inside a positive team 👉 Have growth opportunities 👉 Are allowed to enjoy a decent work-life balance All the money in the world won't replace those in the long haul. So, how do you ensure you don't lose your best team members for those reasons? You hire correctly. Matching the right people, with the right role, inside the right team. This is a clip from a recent chat I had with Joe Aston, Sales and Commercial Director of Aria Finance. #employeehappiness #retention #worklifebalance #teamwork #growthopportunities #meaningfulwork #appreciation #hiringwisely #jobfit #teamdynamics #leadership #nrginsights

A clear opportunity I was reading the AFR and a statement from Gartner caught my attention. “a clear opportunity“ for employers to boost their financial support program given the cost of living was rising and almost all companies were unable or unwilling to offer pay rises that match inflation. Noting that companies must offer competitive benefits if they are to attract and retain staff, financial well-being initiatives help employees draw up a budget and restructure debt. They interviewed some employers and what amazed me was what is available and offered to employees.  One employer offers one free financial coaching session, what happens after that? We allow employees to book a meeting every step of their financial journey. Many organisations are still facing talent shortages. There is an opportunity to offer a program that works and makes a difference in people’s lives. What does the company get? Increased overall wellness and productivity. Our program is unique, its proactive, effective, empowering and goal orientated. [email protected]

This Weekend Reading kicks off with the recent survey results that Americans are increasingly prioritizing work-life balance over higher salaries (though Kitces Research suggests that when it comes to financial advisors, those with sufficient experience can often have both, with thriving advisors earning more and working fewer hours!) Other news highlights include: - With the new “T+1” rules for trade settlements will go into effect in late May, the SEC has issued a risk alert for broker-dealers and RIAs outlining the requirements they face and areas of focus for the regulator during upcoming examinations - A recent survey suggests that while client satisfaction with their financial advisors increased during 2023, more than a third of wealthy Millennials indicated they are planning to change advisors in the coming year https://bit.ly/3x81kdl #advicers