Benefits of a Financial Wellness Service

A recent study found that employees who are concerned about their finances are 22.5 days less productive per year than those who do not. Employees who are stressed and unsure about their finances spend more time on phone calls to lenders and worry about their finances. Financial wellness education has been proven to increase overall wellness and lower absenteeism. It is important for employers to provide employees with financial education because these issues negatively impact the workplace environment. It is a win-win situation for employers and employees alike. You can learn more about these services on the company website as linked here. 

To create a financially healthy workplace, a financial wellness service can help employees navigate a variety of complex issues and obstacles. One option is financial guidance, which provides individual financial coaching to every employee. Financial guidance services can be conducted via webinar workshops, live chat, and in-person meetings. Counselors focus on credit card and student loan debt management, and some even help their clients apply for income-driven repayment plans and forbearance or deferments on their student loans.

Financial stress is a leading cause of workplace absenteeism. It is estimated that seventy percent of employees feel stressed over money and financial concerns. These stresses result in lower productivity and employee engagement. A financial wellness service can help businesses attract top talent by addressing employee financial stress. So why not give your employees the option to get financial counseling and short-term loans? You won't regret it. This service will be a valuable addition to your company culture and will benefit both you and your employees.

An added benefit is that it can help you stay out of debt. By understanding your credit score, you can motivate yourself to pay your bills on time and enjoy the benefits of good credit. In turn, this is a virtuous cycle of financial wellness. Ultimately, the result is stronger finances and more freedom to pursue your passion. So why is it important to find a financial wellness service? It can help you enjoy life without worry.

Financial wellness services are beneficial to all types of employees. They help people make better financial decisions, reduce expenses, and set savings goals. Employees who take advantage of a financial wellness service are more productive, loyal, and satisfied with their employer. This service is also a great way to diversify your revenue streams. With more than a dozen benefits to offer your employees, a financial wellness service can be a great way to attract new employees and retain existing ones. Check out this blog post to get more info on the benefits of a financial wellness service. 

The goal of a financial wellness service is to educate employees about the importance of a healthy financial life. The service should provide tools to help employees implement the knowledge they have gained. While some employees might use software to track their financial goals, others may find it helpful to work with an adviser or financial coach. Either way, a good financial wellness service will influence management and other key decision makers in an organization. For this reason, financial wellness programs are a good investment for any company.

This link: https://en.wikipedia.org/wiki/Financial_deepening, sheds more light on this topic. Check it out now!