We 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: