1. 1. Financial Wellness Solving for Increased Productivity & Engagement
2. 2. Poll Question #1 EMERGENCY SAVINGS I have enough cash savings to cover at least 3 months of living expenses (stress, emergency savings) Y/N
3. 3. Poll Question #2 ESTATE PLANNING I have a will and/or living trust. Y/N
4. 4. 50% Employees who report emergency savings as their top concern 40% PwC Employee Financial Wellness Survey, 2014 Employees who report having a will How the Group Compares
5. 5. Traits Associated with High Levels of Financial Well-Being CONTROL CUSHION They feel they have over day-to-day finances They feel they have enough to absorb a financial shock GOALSThey are actively working towards FREEDOMThey have the financial to enjoy life Consumer Financial Protection Bureau
6. 6. Financial Wellness and Employee Engagement 64% Americans reporting money as #1 stressor (American Psychological Association) STRESS HEALTHDISTRACTION 1 in 4 employees report financial distractions @ work (PricewaterhouseCoopers) Financial concerns prevent living a healthy lifestyle (American Psychological Association) 32%
7. 7. Employers Answering the Call SATISFIED EMPLOYEES LOYAL EMPLOYEES ENGAGED EMPLOYEES PRODUCTIVE EMPLOYEES Employers believe workplace financial solutions lead to more 91% 75% 85% 79% Companies that offer financial wellness could save $3 for each dollar they spend (Consumer Financial Protection Bureau report) 90%of large firms surveyed believe financial solutions will be a standard element of a benefits package in the next 10 years (Bank of America 2015 Workplace Benefits Report)
8. 8. POLL QUESTION Do you have a financial wellness program in place for your employees? A)Yes B) No C) Considering it
9. 9. Financial Wellness Engagement ACT ENGAGEMENT MONITORING IMPROVEMENT ASSESSMENTS & REPORTING FINANCIAL WELLNESS EDUCATION PROVIDER FULFILLMENT
10. 10. Assess Address the Broad Financial Picture Mind the Time Immediate Feedback Personalized Actions
11. 11. Learn
12. 12. Learn
13. 13. Act Integrate Total Rewards Objectivity is critical (follow the money) Clear separation when it comes to advice
14. 14. Questions