Financial Wellness Fact Sheets

As many public sector employees face increased financial challenges amid the pandemic and high inflation, 24 public employers are using innovative approaches to improve the financial health of their workforce and families. A new series of Financial Wellness Fact Sheets provides key learnings and best practices that other state and local jurisdictions can adapt and customize to help employees reduce debt, save for retirement, or reach other financial goals.

The fact sheets highlight the results of a one-year initiative that awarded $1.4 million in grants to jurisdictions to establish or improve public employee financial wellness programs. This effort is part of a MissionSquare Research Institute collaboration with the International Public Management Association For Human Resources (IPMA-HR) and the National Association of State Treasurers Foundation (NASTF), with funding from the Wells Fargo Foundation. Click the image for an interactive map.

Great Resignation Infographic

As state and local governments face unprecedented workforce shortages, an alarming number of public sector employees say they are considering leaving their jobs. A new survey finds more than half (52%) of public sector workers are inclined to leave their jobs voluntarily – whether to change jobs, retire, or leave the workforce entirely – driven largely by burnout and compensation issues. Click here to download the infographic or a related video.

MissionSquare Research Institute in the News

The Stateline/Pew Charitable Trusts, St. Louis Post-Dispatch, Rockefeller Institute of Government, GCN, the Concord Monitor (Mass.), and Association for Public Service Excellence (UK) cited data from the Research Institute’s COVID and workforce surveys. Workforce data on accelerated public sector retirements was also referenced by Funkhouser & Associates, while the impacts of COVID-19 on K-12 employees was further discussed by the National Conference of State Legislatures, District of Columbia Board of Education blog, the San Diego Union-Tribune, and WEAR-TV (Pensacola).
Diversity, equity, and inclusion research received coverage from the Los Angeles Times, ICMA, and the Association for Talent Development.

The year-end look ahead to trends to watch for 2022 appeared in American City & County; Governing, the ASPA, NASRA, and NAST newsletters; Route Fifty; Trade & Industry Development; and GlobeNewswire; and was discussed in podcasts on the Broadcast Retirement Network and Government Executive. In their own predictions on labor issues in 2022, Governing quoted the Institute’s Senior Research Manager Rivka Liss-Levinson, PhD.

Financial wellness fact sheets were profiled by American City & County, Yahoo Finance, the NAST newsletter, and KULR-8 (Billings).