A quarter of companies in the U.S. now offer their employees one-on-one financial counseling and more than half offer one-on-one investment advice, according to a survey by the Society for Human Resource Management.
And these employers have good reason to provide this extra service: Distracted employees are less productive. In fact, a recent survey from McGraw Hill Federal Credit Union found that 36% of respondents said they spend at least two hours per day worrying about their finances or handling them. Accordingly, about 44% of male respondents and 49% of female respondents reported having difficulty concentrating as a result of the stress.
Because of this, financial education is becoming an essential part of a company’s wellness program, just like physical wellness. Companies that support the all-around well-being of their workers see higher productivity levels.
Would your business and employees benefit from a financial wellness program? Our Consumers @Work program brings financial wellness directly to your employees on your company’s behalf—at no cost to you. You prioritize your needs, and we create programs to help your employees with personalized services and free seminars including:
Same day account opening for your employees
New member packets for new employees
Free financial wellness seminars and presentations
Free informational materials
Free participation at employee benefit fairs and orientations
Free financial counseling for your employees
We believe in West Michigan and local businesses like yours that help West Michigan thrive. To learn more about Consumers @Work and arrange for the financial education that meets your employees’ needs, visit our website or call us at 800.991.2221.