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Rising inflation and interest rates are stretching employees' dollars, prompting them to seek employer guidance on financial wellness, including debt reduction, budgeting, and emergency savings. With financial pressure surpassing other job change reasons, organizations are seeking ways to support employees' financial goals beyond salaries.
In Opinion Letter FMLA 2025-01-A, the U.S. Department of Labor clarified that state and local paid family and medical leave (PFML) is treated like paid disability and workers' compensation under FMLA rules. PFML must be designated as FMLA leave, but accrued paid leave cannot be automatically combined with PFML.
As healthcare costs rise, employee premiums may also increase. Both employers and employees feel the pressure, making voluntary benefits more popular as a way to reduce out-of-pocket expenses. These benefits offer attractive options to employees at little or no cost to employers, providing convenient insurance choices often with lower premiums than individual policies. Learn how voluntary benefits can help manage premium and out-of-pocket costs throughout the year.
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Check out our tools and resources that can help individuals navigate the complexities of insured products, retirement planning, mental health, and medical insurance. These materials provide valuable insights and guidance to ensure informed decisions and secure financial futures.
