The American Institute of Certified Public Accountants (AICPA) and the Society for Human Resource Management (SHRM) have teamed up to introduce the Workplace Leaders in Financial Education Awards (WLIFE). This award recognizes organizations with “exemplary workplace financial literacy efforts aimed to enhance employee financial well-being”, and is designed to “encourage employers to implement and further develop financial-literacy programs”. Winning organizations must provide financial-education programs to employees that increase their ability to make sound financial decisions and improve employee financial security.
Applications will be judged on the scope of program, including objectives, tactics and delivery methods, as well as results and innovation. The judges include members of the subcommittee on Workplace Financial Education; members of the National CPA Financial Literacy Commission; HR professionals and CPAs.
Nine awards will be given in three categories:
- for profit and
- government agency.
Applications can be submitted at http://www.wlife.org from now until July 1, and winners will be announced in October 2011.
It is anticipated that this will be an annual award and that employers who visit the site and use the toolkit to start a program this year will return next year to apply for the award.
For employers who do not currently offer such programs, there is a toolkit and resources available on the website to help develop one. More information is at http://wlife.org/