Financial planning can help reduce their stress so they can be more focused on growing your company.
And your employees' families are your family. Personal financial wellness planning helps your employees provide for their families by helping them progress towards their financial goals whether that be getting out of debt, saving up a down payment on a house, or putting a child through college.
A new addition to the family, whether that be a new employee at the company or a new baby for an employee, is a great time to revisit their goals and create a plan for achieving them. Let us know when that happens and we will reach out to them and get them started on their plan.
A 2014 online poll of 1,950 adults conducted by Harris Interactive found money is the top source of stress for the nation, cited by 71% of respondents. That is closely followed by work (69%) and the economy (59%). Another way to look at these results is that the top stress factors all converge in the workplace. Employees are paid at work and they make many of their most important financial decisions at work. Employees also experience the economy through the ups and downs of their employer. (link)
Stress leads to:
All of those can lead to turnover which is far more expensive to a company than the cost of rolling out a financial wellness program. You can help your bottom line health by helping your employees' financial health.
Many employees are likely not fully taking advantage of all of the benefits provided to them. With the help of WorkPlay401(k) they will learn the monetary advantages of participating in the benefits your company offers whether that be any of the following:
There are a lot of life events between the time that an employee starts working for you and the time they retire. We want to make sure they are ready for every one of them.
With WorkPlay401(k) every one of your employees will receive a financial plan that is created based on their personal financial goals and their unique circumstances. It will provide them an actionable series of steps to make progress towards their goals as well as a budget, a personal financial timeline, a retirement plan, and reports that cover debt, insurance needs, and net worth.
Your employees will be happy to see what they can do today, next week, and next month to make progress towards their dream of owning a home, putting a child through college, and one day retiring without worry.