National Financial Literacy Month is celebrated in April. This is a great opportunity to promote financial wellness to employees, since it is often a neglected well-being component.
Did you know 1 in 4 employees say that stressing about finances is a major distraction at work?
In addition, 7 out of 10 employees say financial stress is their most common stress. Developing and establishing workplace financial wellness will have key benefits for everyone.
You will attracted and keep talented employees, you have a better chance to lower health cost and employees will have increased productivity and will be better prepared for a rainy day. Retirement will not be a daunting thing but rather something employees have to look forward to as well.
How are you currently addressing financial wellness in your workplace?
Are you giving employees the nudge they need with auto-enrollment, keeping the number of investment choices simple, mobile access, recognizing language barriers, along with additional plan add-ons? Unfortunately, this is a topic that cannot be addressed only once a year for employees to really benefit. Consider how else you can add this topic to your well-being program.
Food and fun are often components that encourage employees to participate. Consider this Financial Wellness Challenge created by our Health & Wellness Consultant.
For more information on financial wellness, contact a Knowledge Broker today.