Workplaceinsights.bofa.com

A new workplace mental health landscape

WebIn fact, the World Health Organization reports 12 billion working days are lost every year to depression and anxiety alone. 1 Depression and anxiety cost the global economy $1 …

Actived: 9 days ago

URL: https://workplaceinsights.bofa.com/articles/2023/05/mentalhealth.html

How Gen Z is helping us reshape the narrative around mental …

WebSheri Bronstein recently discussed mental health in the workplace and the impact Gen Z is having on workplace wellness strategies across the globe at the 2024 World Economic …

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Data reveals gender gaps in health care savings Bank of America

WebSeptember 2023. FINANCIAL WELLNESS. Data reveals gender gaps in health care savings. The cost of health care is a common concern among employees. Estimates …

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Understanding social factors affecting workplace well-being

WebSocial Determinants of Health (SDOH) are nonmedical factors that influence and impact a person’s health throughout the course of their life. Understanding these social factors …

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Financial health vs. financial wellness—are they the same

WebFinancial health (or financial well-being) is the financial stability gained from being able to balance living expenses with the financial freedom to live as one chooses. Generally, …

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Helping employees get the most from their benefits

Web2023 HSA Experience. The HSA Experience is like a virtual health benefits fair, providing one convenient place where your employees can go to get information that will help them …

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The HSA in its 20th year: Trends to watch Bank of America

WebNovember 2023. TOP 5. The HSA in its 20th year: Trends to watch. As the Health Savings Account (HSA) approaches its 20th anniversary, let’s check in on the …

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Creating a culture of care for your working caregivers

WebIn addition to the strain on finances, caregiving responsibilities can have an even greater impact on workers’ overall health. According to the EBRI study, 66% of working …

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How behavioral finance can help improve financial wellness

WebEncourage employees to use the Financial Wellness Tracker, if available in your plan, for a financial health assessment and step-by-step action plan to help improve their wellness. …

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Strengthening women’s financial fitness Bank of America

Web49% of women are not actively saving for future health care needs. 2. While women and men have nearly equal influence over day-to-day financial decisions, less than half of …

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Young adults are driving new expectations of workplace benefits

WebThe study also indicates that these benefits, in addition to health insurance and retirement plans, can factor into young adults’ decisions to stay with their current employer or move …

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Evolving with the needs of today’s workforce Bank of America

WebBank of America Workplace Benefits Report Pulse Survey, June 2023. Methodology: Escalent surveyed a national sample of 454 employees who are working full time and …

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Personalizing benefits for a multi-generational workforce

WebPersonalizing benefits for a multi-generational workforce. Today’s workforce is a mix of individuals representing at least four generations—from Boomers to Gen Z—each with …

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Issue Archive Bank of America Workplace Insights™

WebHow Gen Z is helping us reshape the narrative around mental health. Strengthening women’s financial fitness. Understanding social factors affecting workplace well-being. …

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Understanding the missing millions

WebBank of America data corroborates the well-documented view that many of these “missing workers” are older and have likely taken early retirement, especially those with poor …

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Bank of America Workplace Insights™

WebWorkplace Benefits is the institutional retirement and benefits business of Bank of America Corporation (“BofA Corp.”) operating under the name “Bank of America.”. Investment …

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The rise of unretirement Bank of America Workplace Insights™

WebHigher health care costs later in life represent another key financial driver. Others find employment gives them a sense of purpose, mental stimulation and fulfillment. Their jobs …

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Taking the pulse on participant financial wellness

WebHighlights from our first quarter 401 (k) Participant Pulse report include: Fewer participants took loans compared to 4Q 2022, but those who did took higher loan amounts. 1. …

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Announcing Bank of America Workplace Benefits—a new name …

WebResponsive Financial Services Newsletter. With Workplace Benefits at the center of your corporate wellness program, you can show employees they’re valued and cared for at …

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Data on participant behaviors can help shape benefits strategies

Web1 Investment products are available from Merrill Lynch, Pierce, Fenner & Smith Incorporated.. 2 Bank products are available from Bank of America, N.A., and affiliated …

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How volunteerism can make an impact in your workplace

WebThe following are some ideas to help engage employees: Volunteer day activities. Companies can sponsor days on which volunteer activities are pre-arranged in the …

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Employers ready to help as student loan payments resume

WebOur 2023 Workplace Benefits Report shows the number of employees continuing to prioritize saving for retirement is down compared to the previous year, and 45% of …

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