As market and systemic forces have combined to sap the effectiveness of cash compensation, income has become little more than a lever for debt.
Benefits provide huge value to employees, but fewer than half understand them, and an even smaller number know how to select, use, and optimize indirect compensation for their personal circumstances.
“Financial Wellness” programs are just another product of a broken industry. These “free” perks are built on a pathway to sales or direct sales model that creates the same conflicts of interest and discrimination issues embedded in traditional financial services. And most of the education platforms fail to convert good intentions into meaningful, consistent action.