The new year brings definitional changes that may create operational challenges, especially for companies with HRIS systems that can’t easily adapt to regional variations in employee leave.
Employees across the spectrum, from hourly staff to executives, have financial obligations and money stress, said Jason Rahlan from Dayforce. “Employees aren’t asking for a handout. They want access to the money they already earned.”
Financial wellness benefits are powerful tools for attracting and retaining talent, and the HR tech market growth in this area is promising, experts say.
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