Implementing a Financial Wellness Program for Your Employees: A Guide
Over the past few months as we have all been living through the pandemic, anxieties are at an all time high, especially those relating to finances. There have also been notable impacts on employee productivity and engagement. As an employee, your career should be a source of financial relief and security, not of worry and additional stress.
Given these unprecedented circumstances and the uncertainty that comes with COVID-19, ensuring that your employees feel a sense of financial stability is more important than ever. Implementing a financial wellness program within your company is a great way to ease anxieties and improve workplace satisfaction amongst your employees.
What Is a Financial Wellness Program?
Financial wellness programs are designed to alleviate the financial worries of your employees. They go beyond mere financial understanding; they promote a healthy relationship with money by offering the appropriate tools and guidance. These programs combine employee-centric education and application to yield better results.
How to Implement a Program
There’s no perfect financial wellness program; the best program for you depends on the nature of your business and the needs of your employees. There are many ways you can go about it: do you want to use a platform specially designed for financial wellness programs, or do you want it to be more of a program customized in-house? What do you want the focus to be? What would best benefit your employees?
Here at Sherman Wealth, we offer financial wellness services for employees and work with many local small businesses in establishing and implementing the right financial wellness program for their firm. We strive to develop a well-being strategy that will empower employees to learn, plan and make real changes to reach their goal of financial stability and success. If your company is in need of a financial wellness program, reach out to us and we will be happy to help you implement a unique program that is right for your team. Please let us know if you have any questions and contact us to get started!