Employee benefits

Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.

A new study from MagnifyMoney shows nearly half of all consumers have stopped putting money aside for retirement during the pandemic, including 53% of baby boomers.

The Miramar, Fla.-based institution is spending $85,000 to help businesses as the economy begins reopening.

Employees of the $2.9 billion-asset credit union will receive one-time payments of $1,000, though executives and senior leaders are excluded.

Like other businesses, hospitals have been forced to make instant emergency changes because of the coronavirus. But many hospitals are concurrently getting a rush of demand for service with an unclear revenue stream.

The industry is grappling with how to thank member-facing staff while also determining how newly mandated leave laws will impact them.

The Oregon-based institution is the latest to offer bonus pay for branch staff facing additional risks by coming to work.

The St. Paul, Minn.-based institution will provide a 20% bonus to member-facing staff who are at additional risk during the outbreak since they are "essential employees."

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Though Credit Union of Southern California isn't laying off workers, management wanted to help employees who were still financially affected by the coronavirus.

From paying $1,000 bonuses to branch employees to subsidizing child care expenses, banks are offering a slew of new perks for front-line employees still working and more paid leave for those who are ill or caring for sick family members.

Digital fraud protection provider Kount has launched a security layer designed to prevent account takeover.

The outcome at Beneficial State may be hard for organizers to replicate at other banks, but it serves as a reminder that labor groups see an opportunity in an industry where many low-paid workers chafe against sales pressure.

Healthy Blue of Louisiana plans to provide its members with access to medical and behavioral healthcare via telehealth.

The presidential hopeful wants to mirror a German policy that allows employees of large corporations to vote for board members. Here’s why that won’t fly in the U.S.

The 49 companies that made our third annual list of Best Fintechs to Work For (a ranking compiled by our parent company, Arizent) include a wide variety of employers, such as small-business lenders, wealth management software developers, direct mortgage lenders, digital banks and payments platforms.

Metrics and strategy are key at YCharts. So is the Oreo flavor of the week.

The companies on our third annual list of Best Fintechs to Work For (a ranking compiled by our parent company, Arizent) share an ability to create personal connections with employees, and offer top-tier benefits like generous sabbaticals, fully paid insurance, and parental leave on day one.

Some banks and fintechs have already introduced pet-friendly policies in the office. Here are five reasons why it works.

The Department of Health and Human Services has eliminated the need for health plans to use a standard unique health plan identifier, effective December 27.