A Focus on Public Sector Financial Wellness Programs ... · Bonnie Wallace, Financial Health...
Transcript of A Focus on Public Sector Financial Wellness Programs ... · Bonnie Wallace, Financial Health...
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A Focus on Public Sector Financial Wellness Programs:
Employee Needs and Preferences
Center for State and Local Government ExcellenceApril 22, 2020
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SLGE Webinar Logistics• Attendees are in listen only mode during the webinar,
but we encourage your questions.
• During the presentation, please type any questions using your control panel. We will answer questions via a twitter chat following this webinar @4GovtExcellence, please include “#govfinancialwellness”.
• We are recording this webinar. A replay and this PowerPoint will be posted at slge.org.
• Please share the report and webinar on social media. Find us on Twitter at @4GovtExcellence and on LinkedIn at http://bit.ly/2Mkelod
• If you have technical or audio issues during webinar, please call GoToWebinar at 1-800-263-6317.
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Bonnie Wallace, Financial Health Philanthropy,Wells Fargo
Rivka Liss-Levinson, Ph.D., Director of Research, Center for State and Local Government Excellence
Webinar PresentersJoshua Franzel, Ph.D., President/CEO, Center for State and Local Government Excellence
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Center for State and Local Government Excellence
Promote excellence in local and state governments so they can attract and
retain talented public servants.
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• Workforce demographics and development
• Public sector retirement benefits• Health and wellness benefits
Center for State and Local Government Excellence
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Bonnie WallaceFinancial Health Philanthropy
Wells Fargo
©2019 Wells Fargo Bank, N.A. All rights reserved.
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Survey Results• Sample demographics• Worry about finances• Prevalence and
participation• Topics, communication
and administration• Program tailoring• Satisfaction, strengths,
and weaknesses• Financial profile
slge.org/assets/uploads/2020/04/financial-wellness-report-2020.pdf
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WORRY ABOUT FINANCES
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PROGRAM PREVALENCE AND PARTICIPATION
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Major Reasons Likely to Participate (n=359) %Would like to be more knowledgeable re finances 67Would like to know more about financial topics beyond those related to job
51
Rewards or financial incentives offered by employer 45Like to take advantage of all employee benefits made available
41
Offered in a convenient time/way or given time off during work to participate
36
There are no specific financial issues that need help with
36
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Major Reasons Not Likely to Participate (n=359) %Not being offered in a convenient time/way or not given time off during work to participate
29
Feel confident with the resources already have 26Already feel confident in knowledge of finances 24Don’t make enough or have enough money to feel like a financial literacy program would be applicable
19
There is no meaningful reward or incentive for participating
19
Would not be comfortable discussing issues related to finance at work
19
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TOPICS, COMMUNICATION, AND ADMINISTRATION
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PROGRAM TAILORING
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PROGRAM SATISFACTION, STRENGTHS, AND WEAKNESSES
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Related SLGE Resources
slge.org/assets/uploads/2019/10/financial-literacy-infographic.pdf
slge.org/assets/uploads/2019/01/financial-literacy.pdf