Tag Archives: employee financial education
Looking back on 2011: “Bright spots” in benefits communication and Education
We’ve all heard that we learn more from our failures than our successes. But is that really true? Recent research demonstrates the opposite to be true—that there is actually a tremendous amount we can learn from our success…
Case Study: Impact of Employee Financial Stress on Health Care Costs
Finances are the leading cause of employee stress, which can cost a company significantly in health care costs. Read a case study of one Fortune 500 company’s financial wellness program and how it improved employees’ financial wellness, increased retirement plan [Read more...]
The Need for Financial Wellness
Considering the recent financial crisis and the current trends of high mortgages and debt, it is more important than ever for employees to make wise financial decisions. Many of these financial decisions, for example, choice of health insurer and retirement [Read more...]
The Hidden Cost of Employee Confusion About Healthcare
How well do your employees really understand their health plan? Do you know the readability score of the materials you provide them? How much jargon is included in your summary plan descriptions? How do you educate new grads entering the [Read more...]
Weighing the Affects of Financial Education in the Workplace
The Federal Reserve Bank of Kansas City assessed the need for financial education by reviewing national trends in personal finance as well as literature on the subject. Their findings indicate that financial education did improve personal financial outcomes. Examples include [Read more...]
How to Design a Financial Education Program that Reduces Your Company’s Legal Liability
As the legal environment is tightening around plan sponsor’s fiduciary responsibilities, we regularly get questions from plan sponsors on what type of education program they need to offer employees to adequately protect themselves against lawsuits from employees claiming they did [Read more...]
Financial Wellness: 5 Essential Elements of Well Being
Gallup scientists have been exploring the demands of a life well-lived since the mid-20th century. More recently, in partnership with leading economists, psychologists, and other acclaimed scientists, we began to explore the common elements of wellbeing that transcend countries and [Read more...]
Best Practices for Evaluating Employee Retirement Preparedness
Employers are increasingly concerned about the costs of delayed retirement and rightly so. But before they can even begin to project the costs they will face as a company due to employees postponing retirement, they must first determine their employees’ [Read more...]
Setting Retirement Savings Goals Increases Engagement
When employees set a goal for their retirement savings, they tend to be more engaged in planning for their retirement. This includes increasing the amount they actually save and staying on top of news associated with their retirement plans, according [Read more...]
Why Financial Stress Is the Costliest for Your Health
Studies have already proven that financial stress is costly to employees’ health, but a new study from Finnish Researchers reveals that this type of stress is also a leading cause of metabolic syndrome. In this article, the author describes findings [Read more...]
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