December 2024

Inspiring inclusive financial well-being in the workplace

Employees gravitate towards an inclusive culture where they can bring their whole selves to work and apply their talents in a meaningful way. Companies that recognize diverse perspectives and listen to employees’ goals can help inspire stronger engagement and can realize the boundless benefits of exceptional talent.

Companies that are more diverse, have greater perspective and benefit from broader debate are growing faster. Why? Diversity of thought and experience help to make better decisions on behalf of clients.” — Lorna Sabbia, head of Bank of America Workplace Benefits™

To learn more, watch this video message from Lorna Sabbia, head of Bank of America Workplace Benefits™, as she dives into what diversity and inclusion (D&I) means to her and why employers should embrace it across their hiring, compensation and benefits offerings.

Continuing to build on this in order to gain a more holistic view of employees’ financial well-being, Bank of America has released a deep-dive study based on key findings from the 2024 Workplace Benefits Report exploring cross-sections of employees by gender, ethnicity, income level, generation and industry sector. Employers who meet employees where they are on their financial journey are better suited to help guide them on their path of financial well-being—and inspire confidence every step of the way.

Employees have diverse financial goals

Employees want diverse benefits and resources

Graphic showing that women, Gen Z, Millennial, Black and Hispanic employees along with those earning less than $75,000 prefer help developing financial skills and good financial habits, while Boomers and the Silent Generation prefer help for retirement education and planning.

Download the report and talk with your Bank of America representative to learn how these findings and strategies can have a positive impact for your company.