Voya Financial recently announced the launch of its new employee homepage dashboard, offering data-driven personalized insights to help inform employees of their complete health and financial picture.
The new experience—which will be available to Voya’s Health Solutions and Wealth Solutions customers—provides access to an individual’s workplace retirement plans, benefits and health savings accounts all in one place, including the integration of external accounts.
“We continue to focus on—and invest in—ways that we can help bring together a more complete view of health and wealth in the workplace,” said Rob Grubka, CEO of Workplace Solutions for Voya Financial. “Based on consumer sentiment, user feedback and market research, we’re finding that there is a need for a more integrated approach as many individuals crave more guidance when it comes to managing their current and future financial needs.”
Driven by insights derived from behavioral finance research through the Voya Behavioral Finance Institute for Innovation, the enhanced employee experience leverages digital “nudging” capabilities to help employees make more informed financial decisions related to their spending, savings and debt activity, the announcement explains.
For example, frequent personalized nudges inform employees of how much they are spending—or overspending—in certain areas, while providing insight on where and how individuals can reduce spending to be able to save more. Employees can also make their homepage unique to them to best support their individual goals and needs.
The new homepage dashboard is available in both desktop and mobile web browsers and was recently made available to Voya’s own employees and select clients. The platform will also be incorporated into Voya’s mobile app and will be made available to all of Voya’s workplace clients and customers next year, the announcement further notes.
Voya emphasizes that these latest enhancements align with its recent research that found a majority (79%) of employed Americans strongly agree or agree that they are interested in receiving support to maximize their workplace benefit dollars across retirement savings, health savings accounts (HSAs), health insurance and voluntary benefits at work.
“Voya’s vision for individuals is focused on aspiring to clear one’s path to financial confidence and a more fulfilling life, and we believe that helping individuals understand their full financial picture can ultimately help employees achieve better outcomes,” added Grubka.
