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Financial Well-Being

Help your people find the security they need to be more focused workers.

Unleash your workforce’s true potential

American workers’ economic security is top-of-mind across the country, and for good reason: The long-time and persistent issue of Americans’ lack of preparedness for financial shocks was amplified by the COVID-19 pandemic. Even as working people nationwide are recovering, they are left feeling as financially uncertain as ever, often lacking available resources to cover even a month of expenses, and potentially carrying personal debts and other financial burdens.

This is bad news for employers because financial stress leads to a whole host of issues for workers: lower productivity, higher absenteeism as well as “presenteeism” (workers on the job but disengaged), higher rates of turnover and potential employee health issues. In some industries, workers struggling with outside-the-job concerns may even pose safety issues for themselves as well as their coworkers. A worker who is worried about how to repay personal or student loans, how to cover an unexpected medical expense or how to pay their monthly bills is a worker who can’t give full attention to the job.

Well-being — a broader and more complete focus area than what is considered “wellness” — allows workers to address some of their concerns about the forces affecting the world around them and provides some measure of control. Providing workers with information, support and practical solutions is one way that organizations can help them feel more financially secure as well as give their best when on the job.

Foundation of financial well-being

We work with you to provide your people resources to:

  • Have control over their finances on a daily, monthly and yearly basis
  • Develop the ability to absorb a financial shock
  • Meet their financial goals
  • Obtain a greater degree of financial freedom that allows them to enjoy their lives
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Our approach concentrates on four financial skills

Literacy and education

Literacy and education

Understanding the basics of how to manage personal financial decisions goes a long way toward making people feel secure in their situation.

Debt management

Debt management

Give your people the tools they need to help get out of debt and free themselves from a huge mental and financial burden.

Securing savings

Securing savings

Helping your people build a safety net of savings will prevent life’s unexpected expenses from sending them into a tailspin.

Retirement planning and security

Retirement planning and security

Even though retirement may seem to be a long way off for some workers, financial well-being must address today’s needs as well as plan for long-term objectives.

Questions about financial well-being benefits and consulting?

Get in touch. We’ll walk you through our financial well-being consulting.

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Some of our solutions include

  • Financial well-being and benefits counseling
  • Student loan assistance programs
  • Section 139 tax-free disaster assistance
  • Emergency savings programs design
  • Debt management programs consulting
  • Retirement modeling

By addressing these financial wellness topics today, we can help you remove some of the barriers that may be stopping your people from planning for the future — and help them stay engaged at their jobs.

Finding your solution

So how do you ensure you’re offering the right resources to your people — and that you’re helping them use those resources effectively? Our multidisciplinary team of benefits, compensation and communications professionals will work to understand your existing offerings and how that compares with your people’s specific financial well-being needs. This work includes identifying what solutions your organization can and should deliver and how you can drive engagement with your offerings.

To help you identify the right solution for your organization, we follow a data-driven process that focuses on your people. As an unbiased, independent consultant, we’ll best meet your needs and the needs of your people as we develop customized strategies to:

  • Evaluate and measure your existing financial well-being-related offerings
  • Understand workforce stressors through focused participant surveys
  • Analyze your participant demographics and worker feedback in the context of your objectives
  • Develop and present a data-driven financial well-being scorecard
  • Identify and implement programs or solutions that address your organizations’ specific needs as well as those of the workers you will be helping
  • Engage your people in your holistic offerings through targeted communications

After going over your financial well-being scorecard, we follow with recommendations regarding what you should do next to achieve your goals and help your people. Let us show you the possibilities.

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Ask any question you like.

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