5 Keys to Implementing a Financial Wellness Program
Mar 19, 2019employee benefits,workplace based plans,financial wellnessSA-Articles
Financial wellness programs can help employees reduce their financial stress and improve productivity.
Employers can design programs with personalized offerings aligned with desired business outcomes.
A great financial wellness program can help employers attract and retain employees.
Financial wellness programs are becoming an increasingly important employee benefit, with good reason. They can help employees better manage their finances, which may help reduce their financial stress. And that in turn may provide employers with more productive workforces.
Here are 5 ways employers can maximize their financial wellness programs to generate positive outcomes for both employees and employers:
Make overall wellness a component of your human capital strategy.
Analyze your workplace demographics to understand your employees’ financial needs.
Design programs to drive positive employee behaviors.
Create a personalized experience that engages your employees and motives them.
Align your financial wellness metrics with your business outcomes.
Prudential’s research study offers employers actionable steps for improving RTW outcomes. The paper focuses on thought processes that play a role in employees’ return to work and productivity. What’s more, it provides employers with best practices to help employees overcome psychological hurdles and successfully return from disability.
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Where LINK by Prudential is made available in connection with certain Financial Wellness products, access is made available through Prudential Workplace Solutions Group Services (“PWSGS”). PWSGS provides access to a number of Financial Wellness products, services, seminars and tools offered by PWSGS, its affiliates or third parties. PWSGS is a subsidiary of Prudential Financial, Inc. PWSGS is not a licensed insurance company, does not provide insurance products or services and does not provide financial, investment or other advice. Individuals should consult appropriate professionals when making financial, investment and tax decisions.
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