What Exactly Are Companies Doing?

A growing number of companies are paying employees to get their financial lives in order, reflecting concern over the impact money problems are having on employees’ stress and productivity. Companies have begun handing out cash and other inducements to employees who fund their own emergency-savings accounts. View link: ""Companies Pay Workers to Get Savvier With Money"

Companies are offering new benefits including classes and information on savings accounts, debt reduction, and budgeting. Companies are also offering matching programs to address employees’ student loan debt as well as offering to set up and match employees’ emergency savings accounts.

All of this bodes well for both the company offering the services and for their employees. The Workplace Benefits Report cites employers who offer a high-quality financial wellness program can expect to see up to a 78 percent increase in employee satisfaction, 70 percent increase in employee loyalty, 68 percent increase in employee engagement, and 57 percent increase in employee productivity. Click "2015 Workplace Benefits Report" for further information.

-Written by The Financially Fit Employees Team-