In today's economy, it's more important than ever for employees to take vacations. But with the rising cost of living, many people need help to afford to take time off.
There are many reasons why employees need vacations:
Time off can help to improve employee morale and productivity. Studies have shown that employees who take regular vacations are likely to be happy, engaged, productive, and creative.
The average American worker works over 40 hours per week. Chronically long work weeks can lead to a build-up of stress, which can harm both physical and mental health. Time off can help to reduce stress and burnout.
Vacations can also help to improve sleep quality, reduce weight gain, and boost the immune system. Studies have shown that people who take regular vacations are less likely to suffer from heart disease, stroke, and other chronic health conditions.
Of course, the cost of taking a vacation can be a significant obstacle for many people. The average cost of a one-week vacation in the United States is over $1,500. This price tag can be out of reach for many people, especially those struggling to make ends meet. There are several things that employees can do to make taking a vacation more affordable:
Look for ways to reduce their year-round expenses, for example, choosing an affordable meal kit plan over frequent take-out, canceling unused subscriptions, or finding cheaper alternatives to their current cell phone plan.
Consider taking a staycation, which might involve playing tourist in a nearby city or region, going to the movies, or simply relaxing at home.
Start saving early. Even a small amount each month will add up over time. SAVVI Financial can help employees create savings goals and show them how to follow through.
Time away from work isn't a luxury. It's necessary to help improve employee morale, productivity, and health. Supporting your workforce's vacation-savings goals with a data-driven financial wellness platforms like SelectSmart™ and SAVVI Financial is an investment in your company's greatest resource: your workforce. Click here to schedule a 15 minute chat now to discuss how SAVVI might work for you. Or simply call us at 781-583-7017 or email us at firstname.lastname@example.org.