Helping Employees with Financial Insecurity

About the Advisory

May 21, 2020

All of us are experiencing the pain and uncertainty of the COVID-19 pandemic. These uncertain times are also creating new employee concerns about their financial status, including 401(k)s becoming 301(k)s, job insecurity or unemployment, pay cuts, or the need to postpone retirement. Prior to the spread of the virus, a sizable number of Americans were already living paycheck to paycheck, and personal finances were the major cause of workplace stress. Financial insecurity has significantly increased in the COVID-19 pandemic, and we recommend employers design and implement a financial wellness program to become a cornerstone of your employee benefit program. Here's how to identify what employees need and design a program for financial wellness.

Read the Advisory (PDF)

Coronavirus resources

Obesity: America's COVID-19 Achilles Heel

Government Announces Relief for Defined Benefit Plans

COVID-19: FAQs for Employee Benefits Groups

Commercial Property - Building Vacancy Advisory

Risk Management Issues in the Trucking Industry

Keeping Truck Drivers Healthy and Safe During the COVID-19 Pandemic

Assessing and Navigating Declines in Pension Assets in the Wake of COVID-19

Preparing for and Handling a Property Loss During COVID-19

Coronavirus Advisory: Cybersecurity Measures

Retirement Relief Provisions of the CARES Act

HR Strategy: Crisis Preparedness Plans

COVID-19: Families First Coronavirus Response Act (FFCRA)

Beware of Coronavirus (COVID-19) Scams

There's a lot going on at McGriff

View our newsletters, white papers, webinars and more.

Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of Truist Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.

McGriff Insurance Services, Inc. CA License #0C64544.