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Video Courses Collection The largest Collection Ever Released In The Market

Credit to: arminhamidian This isn’t just another bundle — it’s the world’s biggest collection of profit-ready video training that you can immediately sell as your own. Every course is crafted aroun…

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Helping Retail Employees Get Beyond Living Paycheck to Paycheck

By Chris Whitlow, Edukate

Nearly a third of all American workers bring their personal financial stresses to the workplace. For retail sales workers in particular, many are living paycheck to paycheck.

This unique challenge creates an opportunity for employers to offer personalized solutions to address employees’ short-term financial stressors, to not only reduce absenteeism and lower turnover rates but also increase employee health and happiness.

Understand Employee Demographics And Stresses

To better address the financial stresses of retail employees, we first have to understand its origins. For many retail sales employees, low wages are common. In fact, the average hourly wage for a retail employee hovers near $10. Based on surveys from the Bureau of Labor Statistics, this puts retail sales employees in the lowest 10% of income earners in the country and makes utilizing traditional financial benefits like retirement plans and tax-deferred savings accounts even harder. In fact, nearly 90% of low-wage workers don’t have access to or don’t participate in a retirement plan.

Additionally, the ages of retail workers are often varied. This means that while some employees may be gearing up for retirement, some are still trying to pay down student loan debt. For employers, this means that the tools and plans they implement to address employee stress need to address each employee’s needs differently, because there isn’t a single one-size-fits-all solution.

Financial Wellness

Financial wellness is the combination of education and resources that can help employees learn about and manage their own personal financial stressors. Financial wellness tools give employers the opportunity to give their employees personalized guidance and boost their financial literacy in the areas most relevant to them.

As mentioned earlier, this could mean younger employees take the time to learn how to better pay down their student loans and manage their paychecks to start saving for retirement. For employees getting ready to retire, they may learn about how best to withdraw or manage their retirement savings.

Financial wellness platforms also help employers communicate with employees in different ways. While some employees may only want to know about changes to their benefits when open enrollment is around the corner, others want continued education and reminders about their personal finances.

A well-executed financial wellness platform can help retail employees better handle their personal financial stress and can help employers reduce turnover rates, directly impact annual revenues, and boost employee happiness and engagement in the workplace.

Chris Whitlow is the founder and CEO of Edukate, a workplace financial wellness provider with a mission to give every person access to expert financial guidance. Whitlow works with the Edukate team to solve problems that ease the financial stress most Americans experience each day. Edukate helps employers provide the best financial wellness benefits, thus helping employees manage their financial stress, increase their productivity and live happier, healthier lives.

[edukateblog]

Rethinking today’s distribution of retirement education

Financial education and financial literacy are the bloodline to long term financial success and stability.  Unfortunately, we are not doing enough of it.  Financial advisors are paid to provide a service that is very challenging to successfully deliver.  Our goal should be to effectively distribute quality financial education to all employees not just those participating in the retirement plan (Click to tweet). But currently it is impossible to deliver the education, measure the success of each and every employee and guarantee a successful retirement outcome.

This creates a challenge for advisors who want to offer a great service, but often struggle with spreading themselves too thin when attempting to reach a wide audience.  As a result, employers and advisors are at a loss with properly educating their entire workforce. Unfortunately, many of the employees who are unable to receive proper financial education are often the ones that need it the most and will ultimately come up short in retirement.

Enter the internet. The single biggest contribution that the internet has brought to society is the ability to put the world's information at your fingertips. Now it’s up to us to structure this information in a way that allows the best available content to reach to the most appropriate audience and measure its effectiveness. This change has transformed some of the worlds biggest industries; from changing the way we buy cars like Cars.com to organizations like Coursera.com who bring education to the masses.  With America’s recent focus on financial literacy and successful retirement outcomes, we believe it’s absolutely necessary to bring quality and easy to understand financial and retirement education to the masses(Click to tweet).

By going online we can distribute education through edukate.com to assure that employees have a solid foundation of financial awareness. Enabling them to gain the confidence necessary to save and invest for their financial futures.  Using technology we can measure the success and “financial health” of an employer population while using gamification tactics to motivate employees in a way we have never seen before.

Ultimately, financial advisors will be working with a more educated pool of employees creating more successful retirement outcomes. The benefits will spread to all stakeholders resulting in happier employees, better retention, and lower benefits cost.

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We have a limited edition collection shipping just in time for the holidays! Head over to www.edukate.co/shop to check out the Compass Flower Collection!

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This holiday season, give a gift that gives more! We've just released a line of makeup bags that are the perfect price for gifting!

1/3 of our profits go to girls' education efforts in Guatemala, Tanzania, and Cambodia.

visit www.edukate.co/shop!

[edukategirls]

We have a VERY limited number of these leather Renee bags for the holiday season, as well as fun new makeup pouches! Remember to think EduKate when buying this holiday season!

As always, 1/3 of our proceeds support girls' education efforts in Guatemala, Tanzania, and Cambodia!

shop www.edukate.co

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Denver friends! Come visit us at the Fuse Holiday Market this Sunday from 11-5!