Workplace Financial Wellness
FINANCIAL WELLNESS HAS EMERGED AS A CRITICAL EMPLOYEE BENEFIT
What's Driving This Trend
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
Employee Demand for Professional Financial Guidance:84% of employees claim to have some degree of financial stress.1
Which Results in:
Increased Health Care Costs: According to the American Psychological Association, 60% of health costs are impacted by financial stress.1
1 Source: Financial Finesse – 2014 Return User Analysis & 2014 Behavioral Change Survey. More recent data may alter this assessment.
Click on "The Case for Financial Wellness" for more information!
Heffernan Retirement Services, Heffernan Financial Services, Heffernan Insurance Brokers and LPL Financial are not affiliated with T Rowe Price.
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