The ROI of Employee Financial Literacy

The ROI of Employee Financial Literacy The ROI of an effective financial wellness program is a $5.93 to $1 savings-to-cost ratio. The implementation of an effective financial-wellness program for employees will dramatically reduce: SICK DAYS WORKERS DISABIILITY MANAGEMENT CLAIMS HEALTH COSTS 28% reduction 26% reduction COMPENSATION 30% reduction 30% reduction Implementing a Financial Wellness Program for employees could dramatically Companies that offer financial wellness programs could save $3 for every dollar they spend. %$4 REDUCE HEALTHCARE COSTS for employers by 45% When employees are stressed about their personal finances, it can end up costing the company. 's Offering financial wellness programs to employees has fast become the new norm. 34. Over 40% of companies say they already have a financial wellness strategy in place or they plan to introduce them. of United States employers said they were likely to expand employee benefits focused on promoting financial well-being beyond U $ 401k retirement. American workers are preoccupied by their personal financial problems, causing increased stress and reduced productivity while on the clock. 39% 24% American workers say 710 financial stress is their admit that they spend at least 3 hours a week thinking about or dealing with their personal financial problems at work. most common stressor. admit that their personal finances have been a distraction at work. Fundamental FINANCE www.fundamentalfinanceacademy.com | 1624 Market St #202, Denver, CO 80202 | Phone: (720) 507-8271 Sources: CAcademy http://www.theihcc.com/en/media_center/editors_picks/theimpactofwellnessprogramsonamerica% E2% 80%99sworkf_hzjeegra.html http://www.usatoday.com/story/money/columnist/powell/2014/09/27/powellfinandialwellne ssprogrambenefit/15457903/ http://www.cnbc.com/id/102481515 http://files.consumerfinance.gov/f/201408 cfpb_report_financialwellnessatwork.pdf http://research.prudential.com/documents/rp/financialwellnessthenextfrontierinwellnessprograms.pdf http://www.bankrate.com/finance/jobscareers/financialwellness prog ramsgaintraction.as px %24