A MetLife white paper suggests employers consider linking financial wellness communications with acknowledged personal milestones or positive behaviors.
Tag: financial wellness program
Among employers that do not offer a financial wellness program, reasons cited in a survey were: have not thought about it, need more resources to execute, need to focus on other organization priorities, do not perceive any financial benefits, and do not want to get involved in employees’ personal finances.
A research report says "financial education delivered to employees around the age of 40 will optimally enhance savings at retirement close to 10%. By contrast, programs that provide one-time education can generate short-term but few long-term effects.”
Sixty-one percent of employers that offer financial wellness programs are satisfied with their benefits program, Prudential found.