Benefits and Beyond: How Employers Think about Financial Wellness
Apr 01, 2018employers,financial wellness,employee benefits,workplace based plans,benefits planningSA-Articles
Employers know the value of financial wellness programs but may need guidance on how to implement.
There’s no “one-size-fits all” solution; a tailored approach works best to meet employees’ needs.
Is a financial wellness program really worth the effort? Most employers say, “yes”.
Recent research indicates that 57% of employees are very or somewhat stressed about their financial wellness*. They’re increasingly looking to their employers to help them achieve financial security and wellness—justifying employers’ growing interest in financial wellness programs. As a result, more employers are implementing these programs to provide education and tools that help employees adopt financial behaviors to best manage day-to-day finances, achieve important long-term financial goals, and protect against key financial risks.
As a long-standing provider of employee benefits, Prudential sponsored a survey to gain perspective on how employers think about their benefits programs overall and gauge the role that financial wellness programs play. The results are compiled in this executive summary, which will help readers understand key findings.
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