Financial Wellness NOW2018-11-29T16:29:59+00:00
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Financial wellness NOW

Effective Financial Wellness Programs For Your Employees

Every employee deserves financial peace of mind. So do you.

Empower your workplace.

 

For many employees, money is the number one source of stress. Studies continue to point to financial challenges as a source of concern for employees. This hurts businesses as much as it does employees. Why? As financial challenges continue to stack up, employers are observing a decrease in productivity, poor retention rates and lost revenues. As their financial troubles grow, employees are crippled with depression and anxiety, which results in a loss of motivation and poor health (which then leads to increased healthcare costs). Providing employees with support and guidance as they navigate common financial challenges is a win-win situation.

This is exactly why many employers are taking action by including financial wellness tools and programs with other traditional benefits. You may be wondering if a financial wellness program deserves a spot in your already generous benefit package. According to Prudential, the answer is a resounding YES, and they have the stats to prove it.

Statistics overwhelmingly show employers who offer employee financial wellness tools as a part of their benefits program:

  • Improve employee retention
  • Enhance employee engagement
  • Increase performance and profit
  • Achieve an impressive return on investment

A financial wellness program doesn’t have to be difficult to manage or expensive to deploy. To the contrary, many programs are simple and affordable.

 

72% of American adults say they are in financial stress (1) and 53% say it is affecting their work. (2)

 

Money is the #1 stressor:

$0
Average credit card debt per indebted household (3)
$0
Average student debt (4)
$0
57% would find a $500 unforeseen expense difficult to cover (5)

Every employer strives to have happy, healthy and productive employees

Helping employees with their financial wellness is the right thing to do. Along with making sure your company payroll solution is meeting the needs of your workforce, setting up company financial wellness programs focused on reducing stress in the workplace helps your employee experience engagement, retention and ultimately, your business profitability. Employee financial anxiety translates to losses for American companies due to the following:

 

Our employee financial services

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A holistic employee financial wellness business strategy can help mitigate the risk of these losses by reducing stress in the workplace – and at home

Financial wellness in the workplace becomes central to business strategy for organizations of any size to increase employee engagement and reduce employee turnover. Implementing employee financial services helps them get to the financial state of wellness they deserve.

It’s no wonder that Financial Wellness is currently a top initiative in the benefit space.

Do your financial wellness programs for employees help them tackle their biggest challenges? How? What financial wellness programs in the workplace are you implementing?

  • Is it personalized? Do you have data to understand where your employees are?

  • Does it drive action or change behavior?

  • Are you able to address the root cause of their stress?

Integrity Data can help

We have a 20+ year history of making “Your People. Our Priority.” As an employee financial wellness broker, we want to provide organizations with a one-stop shop for well-researched, proven financial wellness tools and the best financial wellness programs so you and your employees can thrive.

We do not offer 401K plans – our focus is on financial wellness NOW so planning for financial wellness LATER becomes possible.

We believe in an approach that is

  • Holistic:  going beyond education and budgeting and actually putting money into the pockets of your employees

  • Flexible: one size does not fit all; we provide multiple tools so you can pick and choose what best fits your workforce

  • Win-win: when employees have financial peace of mind, employee engagement and retention goes up at no or low cost to you – that’s a win-win

Download our fact sheet