Reduce Financial Stress & Improve Your Workplace
57% of employees are stressed about their finances.
And that financial stress can negatively impact productivity, engagement, and overall workplace performance.
As an employer, you have the opportunity to play a crucial role in alleviating this stress by offering financial wellness programs that empower your team to manage their finances more effectively.
Why Investing in Employee Financial Wellness is a Smart Business Move
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Productivity Loss
The same PwC survey also reported that employees who are financially stressed are more than twice as likely to miss work due to personal financial issues, resulting in lost productivity. On average, financially stressed employees spend 3 hours per week at work dealing with personal financial matters .
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Financial Stress
A 2023 PwC survey found that 57% of employees are stressed about their finances. Financial stress can negatively impact productivity, engagement, and overall workplace performance .
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Employee Retention
A study by John Hancock revealed that 69% of employees who are offered financial wellness programs are more likely to stay with their current employer for a longer period, demonstrating that such programs can enhance employee loyalty and retention .
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Healthcare Cost
Financially stressed employees often experience higher levels of anxiety and physical health issues, leading to increased healthcare costs for employers. The American Psychological Association has found that money is a top stressor for Americans, contributing to mental and physical health challenges .
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Living Paycheck to Paycheck
A 2023 LendingClub report revealed that 61% of U.S. adults live paycheck to paycheck, making it difficult for them to save or cover unexpected expenses.
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Lack of Emergency Savings
A 2023 Bankrate survey found that only 43% of Americans could cover a $1,000 emergency expense with their savings, leaving the majority relying on debt to handle unexpected financial challenges.
Offering financial wellness programs isn’t just about helping employees—
It’s a smart business decision that directly benefits your company. Here’s what’s in it for you:
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Increased Productivity
Financially stressed employees often spend hours at work dealing with personal financial issues. By providing financial wellness programs, you can reduce this distraction and improve focus, resulting in higher productivity across your team
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Reduced Turnover
Employees who feel supported by their employer are more likely to stay. Financial wellness programs have been shown to increase employee retention and reduce turnover, saving you time & money on hiring & training.
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Enhanced Company Reputation
Companies that invest in their employees’ financial well-being are seen as supportive and forward-thinking, which helps attract top talent and improve your company’s reputation.
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Improved Employee Moral & Engagement
When employees feel in control of their finances, they experience less stress and greater peace of mind. This leads to higher job satisfaction, improved morale, and greater engagement at work.
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Improved Financial Literacy
According to the Consumer Financial Protection Bureau (CFPB), employees who participate in financial wellness programs see a significant improvement in their financial literacy, which leads to better financial decision-making. Educated employees are less likely to encounter financial crises
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Lower Healthcare Cost
Financial stress often leads to physical and mental health problems, increasing healthcare costs for employers. By alleviating financial stress through wellness programs, you can help reduce absenteeism and lower healthcare expenses.
Our Services
We understand that every organization has unique needs when it comes to supporting their employees' financial well-being. That’s why we offer flexible, customizable financial wellness programs designed to fit your team’s specific goals. Whether you're looking for a one-time workshop or ongoing support, we’ll work with you to create the perfect package.
Here are a few examples of what we offer:
Quarterly Workshops
Ongoing financial wellness education with workshops offered every three months. This option provides consistent support, helping employees build financial confidence and stay engaged throughout the year
Semi-Annual Workshops
Twice-a-year workshops that dive into foundational financial topics, giving your employees the tools they need to make steady financial progress over time.
One-and-Done Workshop
A comprehensive financial wellness workshop designed to equip your employees with essential financial skills in one impactful session.
Each of these services can be tailored to meet your company’s needs.
Whether you want more frequent workshops, personalized coaching, or additional resources, we’ll collaborate with you to design a program that’s right for your team.
Example Workshops:
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Work-Life Balance and Financial Well-Being
Financial well-being is deeply tied to overall mental and physical health. Encouraging work-life balance alongside financial stability helps employees avoid burnout.
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Budgeting and Cash Flow Management
Many employees struggle with managing their monthly expenses and often live paycheck to paycheck. Teaching them how to create and stick to a budget can help reduce financial stress.
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Debt Management and Elimination Strategies
Debt is a major source of stress, particularly credit card debt and student loans. Helping employees manage and pay down debt can greatly improve their financial security.
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Saving for Emergencies and Future Goals
Many employees lack adequate emergency savings, which leads to stress when unexpected expenses arise. Additionally, helping them plan for long-term goals like buying a home or retirement is crucial.
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Credit Health and Building a Strong Credit Score
Credit scores affect everything from interest rates to housing. Many employees are unaware of how to manage or improve their credit.
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Investment Basics 101
Many employees are unsure how to start investing. This topic introduces the basics of investing like the power of compound interest.