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Transcript of Essex Presentation
presents
HomeBenefitIQ
Financial Wellness for Today’s Employees
About Essex Mortgage
•25+ years financial, banking & mortgage experience.
•Founded in 1986/an Orange County
based company.
•Proud provider of the Nation’s most widely accepted corporate mortgage & Real Estate benefits plan.
The HOMEBenefitIQ Program
Copyright, BenefitIQ, LLC, 2011
Roland WeedonPresident
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About Joshua Han…• Corporate Real Estate Benefits Expert
• Experienced Insurance Professional
• Recent Graduate from CSUF; Department of Business Management
• 3+ Years Insurance Industry Experience, and Financial Services
• Provider of the Nation’s most widely accepted corporate mortgage & Real Estate benefits plan.
The HomeBenefitIQ Program
Copyright, BenefitIQ, LLC, 2011
Joshua K. HanLoan Officer Intern
The Origin of HomeBenefitIQ
Today most employers offer their employees traditional benefits at a substantial cost burden to the employer. Traditionally these include:
Medical/Dental/VisionRetirement/401K/Tuition Reimbursement
In today’s competitive environment you must continually seek value-added benefits that cost little or nothing.
Copyright, BenefitIQ, LLC, 2011
5
This is the FUTURE of benefits!
Over the next decade employers will be looking for a new benefit - Financial Education
~Employee Benefit Trends 2009 Survey
Copyright, BenefitIQ, LLC, 2011
Copyright, BenefitIQ, LLC, 2011
Benefits to the Employer* Increases employee loyalty
*Demonstrates to employees that you care about them and their family
* Increases financial well-being
Financially sound employees are more productive
*Reduces stress and increases productivity
Financing a home (moving or refinancing) is one of the top three most stressful endeavors
*No cost to the company/organization
* Exclusive, benefit portal accessed through HomeBenefitIQ.com
* Little or no administration required on your part—we do all the work
**Confidential
Copyright, BenefitIQ, LLC, 2011
Our Results driven offering…Problems: 92% of employees are losing sleep due to financial worries!
Worries: Presenteeism…employees are showing up for work, but are more worried about their financial issues than they are about getting their jobs done.
What are others doing about it? 83% of 450 HR Professionals surveyed said they are considering providing employees with educational literature and/or
workshops by (local) specialists.
Fears: Absenteeism… employee absence accounts for the equivalent of 35% of base payroll.
Bottom line: The average worker spends 16 hours a month, or 10 percent of a 40-hour work week, on non-work related issues due to financial concerns.
Copyright, BenefitIQ, LLC, 2011
Financially Stressed Employees Can Stress A Company’s Bottom Line
Copyright, BenefitIQ, LLC, 2011
The NEED for Financial Wellness in the Workplace
*A recent study by the Personal Finance Employee Education Foundation sited that 4 hours of every work week is used by an employee on personal financial issues.
*To an employer with only 150 employees that equates to a loss of approximately $450,000 per year (assuming an annual wage of $30,000 per employee).
The HomeBenefitIQ program is not only beneficial to the employee, but clearly the employer as well.
Benefit to the Employee*No up-front application fees*Friendly, quality experience*One-on-one relationship with your Mortgage Advisor Team*Customized mortgage solutions for your employees*Rates and fees not available to the general public*Price clarity — know the cost of the loan prior to committing to the
process*All employees are eligible and it's completely voluntary*Benefits can be extended to family and friends*Complete confidentiality*Dedicated staff*Educational “Lunch & Learn” seminars available
Copyright, BenefitIQ, LLC, 2011
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Additional Services Monthly, your service provider can provide your
employees, an email newsletter that offers relevant information about Real Estate, personal finance, and updates on Member Privileges/Employee Perks.
We can, upon your request, hold training seminars on-site with topics like: *Home Today; Secure Tomorrow - First-time home buying
*Fiscally Fit - Credit enhancement
*Buying investment properties and vacation homes
*Choosing an “adjustable rate” or “interest only” loan programCopyright, BenefitIQ, LLC, 2011
*Your Company Site
Lets’ look at the actual site your employees can see and utilize.
Copyright, BenefitIQ, LLC, 2011
Bene
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’s Te
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Employees gain access to your benefit program through the HomeBenefitIQ web platform.
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*Once logged-in your employees engage with their pre-screened bundle of service professionals thus saving them time and money.
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Additional“Professional
Partner” categories can
be added to the site. All
designed to save your employee
time and money.
17
*Provide discounts on hundreds of everyday necessities and luxuries to your
employees at no cost to the company.
*Especially in today’s economy people are looking for ways to save money. Whether it is for movies, sporting events, museums, Disney tickets or automotive services, everyone likes a discount.
*Here is an easy way to offer a simple solution that will show the company is thinking of their employees:
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*Employees can easily access the assortment of National or local Essex Perks vendors via “Membership Privileges”.
*Local discounts via “Local Are Discounts”
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*Simply click on the “Essex Perks” link:
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*Click Northern or Southern California.
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*Pick your broad, or specific, category.
Example:
Entertainment
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*Pick your choice vendor.
*AMC Theaters
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*Follow prompts to order and enjoy your discounted tickets.*40% Off
How Do I Offer HBIQ to My Employees?
1. Sign the Employer/Organization Acknowledgement
2. We establish a “Launch Date” for the program
3. On Launch Date:
* You email your employees that a new benefit has been added. (We can provide you with standardized email text.)
* We provide you with a letter that explains the program. This letter is inserted into your New Member Packages and given to all employees, and HomeBenefitIQ member cards are issued.
* Provide you with lunchroom/break room/worksite posters.
4. Monthly-We will provide you with an e-newsletter that keeps the employees/members up-to-date on the changing mortgage/Real Estate market, along with updates to the “Member Privilege” section.
Copyright, BenefitIQ, LLC, 2011
*Envision the potential power of networking with your Professional Partners.
HBIQ Rep & Professional
Partner
Financial Advisor with 500 Clients
Real Estate Agent, Financial Advisor,
Insurance Agent. # of Clients?
The potential is endless as you, and your professional partners, promote the Home Benefits package to their sphere of influence. Picture the ability to market to thousands of employees.
# of potential businesses?
26
Thank You!
ARE YOU READY? 1. TO IMPLEMENT A PLAN2. TO INCREASE PRODUCTIVITY3. TO DECREASE ABSENTEEISM4. TO REDUCE TURNOVER
LET’S GET STARTED!