As employers look for new ways to attract, retain and engage talent, financial wellness programs in the workplace are increasingly a competitive necessity.
Employees that expressed interest in financial wellness programs. 1,3
Employers (all sizes) likely to expand their focus on employee financial well-being. 2
Large employers that provide a Financial Wellness benefit. 1,3
According to the US Consumer Financial Protection Bureau, the average employer offering a Financial Wellness benefit spends $144 per employee per year or $12 per employee per month. FinanSavvy will cost you 65 cents per employee per month.
Spend 3+ hours/week at work dealing with personal financial issues. 7
Workers making $50,000-$99,999 who usually or always live paycheck to paycheck. 6
Say Money causes them stress, making it the #1 source. 5,8
How does stress impact productivity? Common symptoms are 5,8:
Money matters are causing stress, even though tactical tools like spend tracking and investment-centric services as well as generic educational materials have been readily available to everyone for decades.
Learn how to make your Financial Wellness Program more successful. Read our free eBrief.
For the gainfully employed, financial stress is often the result of inadequate access to planning resources. Access to personalized strategic financial planning services has long been limited to high net worth investors or people willing to pay thousands of dollars.
Strategic planning is needed to provide context for the more tactical services like spend tracking or investment management. We believe an effective Financial Wellness program must:
Buy a House
Pay for College
Live Well Now
Budgets to Spend Smarter - Employees Can:
Forecasts for the Future - Employees Can:
Get on a fast track to delivering a uniquely valuable wellness program to your employees. With FinanSavvy you gain:
Learn the elements that make up a successful Financial Wellness Program. Read our free eBrief.
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