Staff
Financial education programs in the workplace can significantly increase employees’ ability to save money and make them more productive, according to a survey commissioned by FinFit.
With the help of a financial wellness program, 66% percent of employees say they have been able to increase their monthly savings. Thirty-one percent increased savings between $1 and $50, 25% by $51 to $200, 7% by $200 to $400, and 3% by more than $400.
Additional highlights of the survey include:
- 85% of employers report that employees became more productive at work after using a financial wellness program to resolve a personal challenge;
- 91% of employees indicate that the program allowed them to solve a financial dilemma and subsequently refocus attention on work; and
- 71% of employees say there was an increase in financial knowledge and well-being as a direct result of participation in a financial wellness program
“It’s incredibly validating to learn that financial wellness programs are delivering such positive results for employers and employees alike,” says David Kilby, president of FinFit.
Related articles: