Why Employee Financial Education?
More and more employers are beginning to see the tremendous benefits of providing their employees with a solid financial education.
When employees are distracted by financial worries it diminishes their productivity, brings unnecessary stress into the workplace and puts a damper on company morale.
On the other hand, when workers are in a state of Financial Wellness, they are in control. They are confident, focused and have a greater balance and security. By offering employee financial education, an employer is making an investment in their business.
Just consider the following facts:
• 90% of the nearly 128 million workers in the US have
difficulty managing their money and are not consistently
saving for retirement.
• Up to 50% admit to wasting 21 hours per month while
on the job dealing with personal money matters.
• Twothirds say "They have trouble paying their
bills on time and worry about money".
• Employees regard financial stress as their
number one concern, 5 times greater
than personal health.
Source: National Institute of Personal Finance
What's more, the Department of Labor places the fiduciary obligation on employers to provide their employees with an unbiased financial education. Great companies have long understood the value of providing a financial literacy education to their workers.
Financial Literacy Education Benefits
Both Employer And Employee
By ensuring each team member receives financial literacy training,
companies will see marked improvements in the
area of productivity and
With financial burdens lifted from their shoulders,
workers will be happier and work harder.
They'll enjoy their jobs more thus
absences, tardiness, and requests to leave early.
The more employers consider the facts, the more
likely they are to put an employee financial
education in place for their entire workforce.
It just makes good business sense.
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Financial Education Kit
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you a free employee financial education kit! Discover
how to increase productivity and your company's
bottom line while giving your employees the gift
of a lifetime of financial literacy.