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Employer-Based Wellness Programs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Here are recent stats from a 2022 PwC Financial Wellness study that shouldn't come as a suprise to you as an employer:

  • Financially-stressed employees are twice as likely to look elsewhere for work and are attracted to companies that care more about their financial well-being
  • 76% of stressed employees say financial worries have had a negative impact on their productivity
  • 55% of stressed employees who are distracted by their finances at work spend 3 hours each week at work dealing with their finances
  • Among financially-stressed employees, 49% say money worries had a severe or major impact on their mental health, leading to lower engagement, higher turnover and lower attendance

Now consider these financial wellness statistics about Americans today:

  • 48% of Americans with annual incomes over $100k live paycheck to paycheck
  • 63% of Americans reported living paycheck to paycheck since the pandemic
  • 40% of people cannot afford $400 of emergency expenses
  • 42% of Americans believed household expenses caused somewhat high to very high amounts of stress in their daily lives
  • 50% of financially-stressed employees are embarrassed to ask for help with their finances
  • 7 in 10 employees in Workplace Wellness Survey said they need the employer's help in feeling healthy and financially secure
  • 75% of employees felt that employer-provided financial solutions and education were a significant benefit and 60% would be more inclined to stay at a company that offered financial solutions

The message should be loud and clear.  Whether it's (ideally) out of care and concern for your employees or in an attempt to run a more profitable and sustainable business, offering financial wellness and education programs for your employees is a Win-Win.

As a Certified Financial Education Instructor partnering with the National Financial Educators Council, I work with clients to develop a customized employee financial education program to suit the needs and goals of both you as an employer, as well as your employees.  Programs can be delivered in a group or one-on-one format, in-person or virtual, or a combination of the above and significant attention is given to employee feedback and tracking results.  Our goal is to help your employees make real, sustainable, positive improvements in their financial lives, knowing that these improvements reap benefits to you as the employer along the way.

Our financial literacy curriculum, online learning and presentations are engaging and fun, yet also meet core educational standards.  The programming has been widely recognized for its ability to connect with students and inspire participants of all ages and socioeconomic backgrounds to take postitive financial action.  An overview of the curriculum is as follows:

  • Financial Psychology
  • Savings, Expenses & Budgeting
  • Account Management & Team Members
  • Loans & Debt
  • Credit Profile
  • Income
  • Economic and Government Influences
  • Risk Management & Insurance
  • Investing & Personal Financial Planning
  • Education & Skill Development

If you want to stand out as an employer and positively impact the financial lives of your current and future employees, reach out and let's schedule a time to meet! 

Interested in meeting for a FREE consultation ? Let's Meet ! Click Here to schedule an appointment