Web Content Viewer
Analyze Employee Demographics to Understand Financial Needs

Key Takeaways
- Everyone has a personal journey they must take to achieve financial wellness.
- Data analytics can help employers identify key characteristics and needs of their workforce.
- With these insights, employers can prioritize financial wellness programs best suited for their workforce.
Millions of American workers are carrying their personal financial stress into the workplace, leading to increased anxiety, reduced health well-being, and reduced cognitive function, potentially impacting job productivity.1 Now, employers are using analytics to identify employees’ needs, and armed with that data, they’re introducing programs to help employees improve their financial wellness.
Every individual has a personal hierarchy of needs they must meet to achieve financial wellness. In today’s diverse workplace, understanding an employers’ unique mix of employees can inform their most critical needs for financial wellness. For instance, by asking employees to complete a self-assessment questionnaire, employers can determine whether employees carry student loan debt, serve as a caregiver to aging parents, or are burdened by financial stress.

Using a data-driven approach, employers can customize a hierarchy of needs for their specific workforce, prioritize the aspects of financial wellness programs best suited for their employees, and address the most needed areas.

Read More
To learn more, read Analyze Employee Demographics to Understand Financial Needs PDF opens in a new window.
Read the overview piece, 5 Keys to Implementing a Financial Wellness Program Opens in a new window.
Read about each individual key:
Key 1: Wellness Programs Earn Their Place in Human Capital Strategy Opens in a new window
Key 2: Analyze Employee Demographics to Understand Financial Needs Opens in a new window
Key 3: Design Programs to Optimize Financial Wellness Outcomes Opens in a new window
Key 4: Create Personalized Financial Wellness Experiences Opens in a new window
Key 5: Align Financial Wellness Metrics with Business Outcomes Opens in a new window
You may also be interested in other Financial Wellness opens in a new window topics.
Footnotes
1Sources: Prudential research. Carrie Leana, “The Cost of Financial Precarity” (2019). PWC, “Special Report: Financial Stress and the Bottom Line: Why Employee Financial Wellness Matters to Your Organization” (2017).
For Compliance Use Only: 1024824-00001-00
Web Content Viewer
Trending
Oct 08, 2020
Oct 08, 2020