Financial Wellness Programs On The Rise

Workplace financial wellness programs on the rise.

Financial wellness programs on the rise.

Saving for retirement 81 planning for healthcare costs 71 budgeting 63 saving for college 55 managing debt 54. The offering of financial wellness programs has mushroomed in recent years. Employers had several motivations for offering financial wellness programs massmutual found. Overall 86 of employers characterized financial wellness programs as important with 72 of smaller employers fewer than 25 workers and 94 of larger firms 1 000 or more workers agreeing with the majority of respondents.

Posted by matthew on 04 26 2017. The programs are rising but so are the range of topics being addressed through them as such as. The number of employers offering financial wellness programs through the workplace is expected to nearly double over the next several years. The percentage of employers offering financial wellness programs rose to 83 up from 20 two years earlier according to prudential s 10th benefits and beyond.

In addition to perks like a flexible paid time off policies and work from home options financial wellness programs are swiftly on the rise. This article will focus on one of our favorite and trending fringe benefits. The enrich financial wellness program provides certified personal financial counselors cpfc s with a state of the art online platform to provide a best in class financial wellness experience second to none. Financial wellness programs on the rise.

Wellness programming has always focused on physical and mental well being but another aspect of wellness continues to grow. Most companies encourage employees to invest in themselves and plan for retirement but until recently few were providing assistance to guide employees through the process. Financial wellness when done right can make you a partner in your employees financial security. We provide our users with an online experience filled with on demand courses with personalized action plans behavioral assessments.

Rise of financial wellness programs. The number of financial wellness programs offered by employers is skyrocketing as workers clamor for help in increasing financial literacy and improving their financial wellness. Here s a short guide to understanding financial wellness programs. Financial wellness programs on the rise.

A health and well being survey from investments and the national business group on health found that 84 percent of companies now.