No matter what type of incentive is selected for a financial wellness program, the value must be high enough to motivate employees to take action. (Image: Shutterstock)
A recent case study by Enrich Financial Wellness illustrates the role incentives can play in increasing participation in financial wellness education programs, which are proving to be a valuable benefit to both employers and employees.
It's no secret that U.S. employees could benefit from financial education:
- 49 percent of employees are concerned about their finances.
- 46 percent consider finances their main source of stress.
- 48 percent of those with financial stress are distracted at work.
- 16 percent say financial stress negatively impacts their health.
Employers with financial wellness education programs can experience reduced absenteeism, increased productivity, greater employee engagement and retention and reduced health care costs.
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