Employers have learned that improving the health and wellness of their workforce yields benefits for both the organization and employees alike:
- When health is improved, employers enjoy a more productive workforce with fewer absences, along with fewer demands on the employer-sponsored health insurance.
- Employees gain from better health and reduced medical costs.
- Individuals feel empowered to work for a company that cares about them and are more loyal as result.
However, the need for a new kind of wellness program has emerged as an essential component of the overall benefits package. It involves financial wellness.
Consider these statistics: 24% of employees say personal financial issues are a distraction at work, and 39% say they spend three or more hours each week thinking about or dealing with issues related to personal finances*. Not only does poor financial management cause stress, it also sets the stage for a host of medical problems.
As a result, financial wellness has become just as important as weight management and preventive screenings. For employers, financial wellness programs can lower absenteeism, as well as disability and workers’ compensation costs. For employees, effective financial wellness programs reduce borrowing from retirement savings and help them feel less stressed due to achieving financial stability.
At Walsh Duffield, we provide a holistic, comprehensive and objective financial wellness education series. It focuses on changing your employees’ financial habits and behaviors and helping them to make more informed financial decisions.
- Financial planning, retirement & investment basics
- Women & money
- Introduction to annuities
- Estate planning
- Social Security
- Roth IRA conversion
- College planning
- Long-term care & special needs planning
- Retirement income planning
To learn more about Financial Wellness for your employees, contact Lisa Petronio at 716.362.7372 or email@example.com
* PricewaterhouseCoopers, “Employee Financial Wellness Survey,” 2014, page 11.