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The Need for Financial Wellness
NOVEMBER 2009
More than 80% of financially distressed employees are dealing with financial issues at work, resulting in an 8-13% drop in productivity. Stress, a leading cause of illness is at unprecedented levels and job satisfaction is wavering.
Employers have much to gain by taking ownership of the financial health and well-being of their employees - studies have shown that Financial Wellness initiatives can generate a return on investment of more than 3:1. This white paper discusses the impact of poor employee financial health on organizations. It also analyzes approaches to effectively address these issues. Strategies include Web-based financial education and tools, live seminars, personalized one-on-one financial coaching and others.