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Long-term employment is key to the success of educators and their students.1 Attracting and retaining top talent are among the biggest challenges across the education industry.
While competitive pay and comprehensive benefits are a crucial part of the solution, there’s a deeper, more personal factor at play: financial wellness.
The Problem: A Workforce Under Financial Stress
Teachers, administrators, and staff are the backbone of our schools, yet they often face unique financial pressures. The rising cost of living, combined with stagnant wages, creates a perfect storm of financial stress.
This financial stress affects more than just teachers individually and can impact employee productivity and employee engagement.2 Addressing financial stress becomes an imperative piece of a successful employee retention strategy.
The Solution: Financial Wellness Resources To Improve Retention
So, what can schools do to bridge the recruitment gap and ease employee stress?
The answer lies in holistic, easily accessible financial wellness platforms powered by On-Demand Pay.
These aren’t just one-off seminars on budgeting, they’re a combination of tools and resources designed to help employees take control of their finances.
A robust financial wellness platform should offer:
On-Demand Pay: A
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