Employers are increasingly recognizing that financial stress is attacking both their company cultures and their bottom line in the form of:
- Delayed Retirement Costs: Based on data collected by Financial Finesse, they estimate employers spend between $10,000 and $50,000 per year for each employee that delays retirement for financial reasons. 1
- Increased Health Care Costs: According to the American Psychological Association, 60% of health costs are impacted by financial stress. 2
- Employee Demand for Professional Financial Guidance: 84% of employees claim to have some degree of financial stress. 3
No matter what an employee's situation might be, finances are personal — and learning how to plan and manage money should be simpler than it has been.
A comprehensive financial wellness program has the power to give your employees the personalized experience they need plus access to human professionals.
1 Research Works: Partnership for Workplace Mental Health report. Feb 2009.
2 Q2 Trends in Employee Financial Issues, FinancialFinesse, September 2012.
3 Higher Health Care Costs for Metabolic Syndrome Risk, Disabled World, September 2009. More recent data may alter these assessments.