A financial wellness blog by the experts at Enrich
When starting a new program, most company executives focus on the bottom line. They want to know the statistics for any given project or proposal to determine success. The same holds true when considering adding an employee financial wellness program.
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Many companies are utilizing a “Lunch & Learn” format to help their employees achieve financial wellness, and they are wise to do so. It will also serve your employees, but it perpetuates a financial maturity in your camp that will benefit your company
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How can organizations know that the financial wellness program they’ve implemented is making a positive impact? It’s as simple as keeping track of Key Performance Indicators (KPIs).
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Employee benefits is an umbrella term used when discussing non-wage compensation programs provided by employers to their employees. The purpose of such benefits is to attract and retain top talent, and based on recent statistics, benefits do matter.
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Financial wellness has become a company benefit buzzword. Employees expect financial wellness as part of their benefits package, and employers realize that having such benefits will help their bottom line.
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In January, the state of the world economy looked stable and somewhat promising with a 3.3 percent predicted growth rate for 2020. As we all know, the world has changed substantially since then.
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According to the 2019 Employer’s Guide to Financial Wellness, 36 percent of struggling employees want some form of student loan repayment as an employee benefit.
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The artificial intelligence-powered Enrich platform is used by more than 20,000 employers and 300 financial institutions nationwide to provide interactive and personalized financial wellness education and tools to employees, members and customers.
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In times of economic uncertainty, it becomes more challenging for employers to maintain this stability, leading to decreased job satisfaction and costly employee turnover. This can be prevented by offering the right employee benefits.
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A comprehensive financial wellness program can help employees become financially healthy while improving the company’s bottom line.
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