The global macroeconomic temperature is unpredictable and inflation is only continuing to rise, with the Federal Reserve recently increasing its benchmark interest rate for the fourth time this year. As the market remains unsteady and whispers of a recession prevail, a growing number of startups are tightening their belts. An increasing number of companies are announcing employing freezes, while others have begun layoffs and additional cost-cutting measures.
As advisors caution companies to think about ways to reduce expenses, worker positives seem like an easy target. But decisions made today regarding benefits have long downstream impacts on employees. In a climate like today, it’s even more important for workers to have access to broader financial planning tools to prepare for the future.
Economic wellness gurus like a 401(k) package and education loan management are crucial to not only employee satisfaction, but also employees’ mental health. Continue reading “Amid rising prices, startups do not want to reduce masters that matter really”