The Covid-19 pandemic has taken a toll on employers, with financial stress costing the nation’s employers an estimated $4.7 billion a week, according to a survey by BrightPlan, a financial wellness adviser to retirement plans.
The survey of 1,500 knowledge workers at companies with 1,000 or more employees conducted in April and May, found that companies lost an average of 15.3 hours per week of productivity per employee due to financial stress. What’s more, 20% of employees said their financial health has worsened as a result of the pandemic and 46% said their productivity was lower.
Post-pandemic, 37% of employees responding to the survey said they wanted better health care benefits.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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