Personal finance is 80% behavior and only 20% head knowledge. Employee financial education is any program or benefit that teaches employees about money management. The best solution requires more than a new budgeting app or a new book—it requires change through new behaviors and habits.
Ramsey
How your employees handle their money affects their mental health and ultimately affects the kind of employees they'll be. The sooner employees are financially well, the better their chances are for improving their mental health.
Ramsey
Financial wellness benefits help employees where they’re hurting the most—their wallets. If you can help your employees manage their finances, you’ll see better engagement, retention and productivity.
Ramsey
Ramsey Solutions conducted a study of more than 3,000 employees working at organizations with 25 to 3,000 employees. The study covered topics including employee benefits, perceptions of and engagement with financial wellness benefits, employee financial and mental health, and other trends impacting today’s workforce.
Ramsey Solutions conducted a study of more than 1,000 benefits decision-makers in companies of all sizes across the United States. The study covered topics ranging from financial wellness benefits, the impact of financial wellness, barriers to financial wellness, organizational health and the impact of COVID-19.
Key findings from The 2022 SmartDolllar Employee Benefits Study where 3,000 employees were surveyed.
Employees Are Stressed, Burned Out, Overwhelmed and Angry
The 2022 SmartDollar Employee Benefits Study
Employees Worry About Personal Finances Daily
The 2022 SmartDollar Employee Benefits Study
Money Is the #1 Cause of Stress
The 2022 SmartDollar Employee Benefits Study
Employees’ Mental Health Is Impacting Their Work
The 2022 SmartDollar Employee Benefits Study
Employees Are Losing Sleep Over Personal Finances
The 2022 SmartDollar Employee Benefits Study
Employees Are Losing Sleep Over Personal Finances
The 2022 SmartDollar Employee Benefits Study
Financial wellness is when you take control of your money so it doesn’t take control of you. That means budgeting, getting out of debt, saving and retiring with confidence. It’s not taking out loans, using credit cards, geting paycheck advances, or making risky investing moves.
Over half (55%) of employees say they worry about their personal finances daily.1 Businesses can play a crucial role in helping their employees achieve financial wellness. How? By offering financial wellness benefits that help employees budget, get out of debt, save, and retire with confidence.
Your employees’ money problems don’t stay personal—they follow your employees into work, too. And offering a financial wellness benefit to employees helps reduce the business costs associated with their financial stress—things like missed work, lost productivity and employee turnover. Learn more here.
The best financial wellness programs help employees get on a budget, get out of debt, save for the future, and retire with confidence. There’s just no substitute for true financial wellness. Learn how you can help your employees win with money using SmartDollar.
