Site icon Financial Coach Seth Connell

Employee Financial Wellness Program

employee financial wellness program businesses

You’ve worked hard to build your business. And you’ve worked hard to have a workforce that furthers your mission. But your employees aren’t robots—they have their own lives with stress and anxiety that hinders productivity. Their financial difficulties hurt your bottom line. That’s where my employee financial wellness program can help.

The data are clear: financial stress at home negatively impacts job performance. Here are some key points that show the true cost of your workforce’s financial stress.

The cost of employee financial stress has increased to over $2,400 per employee as of the end of 2021. You and your employees work too hard to see this money go to waste.

How an Employee Financial Wellness Program Can Help

An employee financial wellness program is different than a 401(k). While a retirement plan offers a way to build a long-term nest egg, it does not help employees in their everyday lives.

But a financial wellness program helps them take control of their day-to-day finances. This program is a way to empower your workforce to make better financial decisions every day and to achieve financial freedom.

Your employees will receive detailed guidance in foundational financial literacy and behavior modification from an experienced financial coach.

What’s in the Program

My program has three main components: a financial stress survey, workshops, and individual financial coaching.

Program Benefits for You, the Business Owner

Imagine never having another employee ask for an advance on their pay, taking out a 401(k) loan, or even cashing out their 401(k) early to pay the bills. My employee financial wellness program offers you that solution.

By making an investment in the wellness of your workforce, you will accomplish three main things.

  1. Show your employees that you care. All of the people that work for you have their own hopes, dreams, struggles, and obstacles. By offering them a means of handling their salaries effectively, you show them that you want their whole family to be fully well. In turn, your employees will care for your business because you have taken care of them.
  2. Nurture a more engaged and productive workforce. This means your business will become far more profitable. By having fewer financially-stressed employees, there will be fewer sick days taken. When employees come to work, they are more engaged and have a greater capacity to take on new projects to get the revenue coming in. Their success at home means success for your business.
  3. Attract and retain new talent. Compensation alone is no longer sufficient to have the best workforce. In the days of the Great Resignation, prospective employees want to know they are truly valued where they work. Having an employee financial wellness program offers applicants an attractive benefit that encompasses more than just salary, but also the guidance to use it effectively.

Free Your Workforce from Financial Stress

Don’t allow employee financial stress to weigh down your profitability. Help them become more holistically well by providing my program as an employment benefit.

By investing in them with this financial wellness program, you will see your workforce become more productive, engaged, and confident.

Book your free Wellness Program Consultation to take your workforce and business to a new level!

Exit mobile version