
Financial Wellness as a Benefit
For organizations looking to add a stand-alone Financial Wellness benefit to help employees make better financial decisions over time
Why Financial Wellness?
Employees are looking to their employer for help:
STRESS
Employees consistently rate personal financial stress at the top of their list of concerns. 1
PRODUCTIVITY
Employees cite financial stress as a major contributor for low mental health that impacts their productivity at work. 2
RETENTION
Employers, now more than ever, must offer employees an engaging work-life experience supported by attractive benefits to hire and retain good employees.
Why most Financial Wellness programs fail:
INCONSISTENT
Financial Wellness offered through a 401(k), standalone digital financial education platforms, or ad-hoc financial workshops. This is a band-aid approach.
LOW ENGAGEMENT
Current programs aren’t connecting the dots for employees in their personal financial lives. This leads to low engagement.
NO RELATIONSHIP
Personal financial situations are complicated, and many employees need a licensed professional to help.
Sources:
- MetLife US Benefit Trends 2022
- PwC Employee Financial Wellness Survey 2023