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Did you Know your Company’s Success is Inherently Connected to your Employees Finances?

48803715_ml.jpgWe know that financial wellness programs can help employees, but we also know that they can help a business in their overall success by improving their bottom line.

According to the International Foundation of Employee Benefit Plans 2016 Survey*, over 83% of Public Employers said that financial stress significantly impacted their employees work performance.  The loss associated with this level of stress has been tabulated at $5,000 per employee per year**. 

Having a comprehensive financial wellness program can help improve a company’s bottom line.   In 2014 the CFPB (Consumer Financial Protection Bureau) discovered that for every dollar spent on implementing a financial wellness program, the ROI would be as much as three dollars.

Here are some simple steps to help you measure your employees’ financial wellness:

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Enhancing the Financial Literacy of your Employees’ Through Employer Benefits

14309969_m.jpgMany Americans go through school to get their degree and then land a job only to discover that they don’t have the necessary knowledge regarding financial literacy.   As a result, these individuals have acquired a significant amount of debt that is a result of their poor fiscal education, and such issues as medical bills and car repairs.

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