1 / 10

Boost Workplace Productivity: Addressing Employee Financial Health Crisis

Discover the impact of financial worries on job performance. Learn why workplace financial wellness programs fall short and how ALICE Saves Program can provide personalized support to improve employee financial health, productivity, and morale. Benefit from zero-cost enrollment with easy online access and ongoing incentives.

chestnut
Download Presentation

Boost Workplace Productivity: Addressing Employee Financial Health Crisis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FOR EMPLOYERS

  2. Employee Financial Health is a Growing Crisis 73% of employees admit financial worries impact their work.1 Meanwhile 9 out of 10 employers believe employee personal finance issues impact overall job performance.2 1. ALLIANCE Manchester Business School, University of Manchester 2. National Fund of Workplace Solutions Report – March 2018

  3. What Are Employees Stressed Out About? 53% of CT residents do not have a rainy day fund 40% of CT households are ALICE families that cannot afford basic needs Average CT household survival wage is $39.54/hrfor a family of four

  4. How Does Financial Health Affect the Workforce? Absenteeism — Financial stresses have resulted in a 34% increase in absenteeism and tardiness (SHRM) Productivity — 37% of millennials say they're distracted by their finances at work (PwC) Morale — 69% of employees say traditional financial wellness programs “Don’t offer services of interest to me” (Forbes)

  5. What Do Employees Want? “When asked what would help improve employee financial wellness the most, employees wanted practical guidance that would ‘focus on the single next thing to do — one step at a time.” Why Workplace Financial Wellness Programs Aren’t Well, Forbes, August 2018

  6. How Can We Help?

  7. ALICE Saves Program Benefits • Access to local resources • Services such as VITA Free Tax Prep • 211 Help Line and other assistance • Earn $10 for every $20 saved in the first six months • Ongoing rewards and incentives to save • Easy to enroll, links to most financial institutions • Real, individualized financial counselling • Personal advice delivered digitally via phone or Skype • Lifetime enrollment and encouragement

  8. Step-by-Step Support Lifetime Financial Coaching Short Term Incentive Reinforcement& Monitoring Long TermHabits

  9. What We Provide • Zero cost to employee/employer • Easy online enrollment • Kick-off meeting and Q&A with employees • Support materials and training • Program Reporting* • *70% of corporate financial wellness programs don’t have formal measurements to assess their value

  10. Thank You! • For enrollment questions, please contact: • Local United Way • Name • Title • Phone • Email

More Related