When employees are financially stressed, they spend three or more hours a week – approximately 150 hours per year – worrying about personal finances or dealing with them at work.[1]
A financial wellness program is a soft benefit, so if you feel anxious about offering this benefit, you’re not alone. There are a lot of questions to consider:
· Will employees be engaged in the program?
· Will productivity improve?
· Will turnover decrease?
· Will this program improve our balance sheet?
· And, more importantly, how to measure ROI?
Here’s your CFOs Guide to Financial Wellness
Retirement Partners of Hawai`i 1003 Bishop Street Pauahi Tower, Suite 880 Honolulu, Hawai`i 96813 Phone: (808) 681-7799 info@retirementpartnersofhawaii.com www.RetirementPartnersofHawaii.com
Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.
[1] Mercer LLC, “Inside Employees’ Minds™: Financial Wellness.” 2017, 2, PDF. https://www.mercer.com/content/dam/mercer/attachments/global/inside-employees-minds/gl-2017-inside-employees-minds-financial-wellness.pdf.
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