What could possibly be wrong with offering financial wellness? Heck, we can’t even agree on what it is!
It sounds good, and every plan sponsor wants a program, but it takes time, money, effort, and how do you determine the ROI? Well, let’s just say it can be elusive.
Two-thirds of employees identify finances as the largest source of stress in their life. Four out of five employers report that personal financial issues impact employee job performance, with almost half saying education would help improve productivity. Financial Wellness programs have been shown to reduce employer health care costs, lower employee absenteeism and stress, and even increase retirement preparedness! Offering a financial wellness solution can help differentiate your practice by expanding the value you provide to employers and employees alike.
As an industry, we have made significant strides in bolstering employees’ preparedness for retirement. At the same time, people still feel the pain (sometimes literally!) of a variety of financial issues they struggle with. Employers are recognizing these struggles and taking note of the negative effect it has on employee performance. Their search for solutions has given rise to the financial wellness movement. This provides an opportunity for advisors to expand the value they provide – to both employers and employees – by bringing in a financial wellness solution.
We’ve got a special workshop on these issues – and more – with insights from T. Rowe Price’s Retirement Insights Leader Stuart L. Ritter, CFP® and SageView’s Susan L. Hajek.
You’ll find out not only why financial wellness is gaining so much attention, and the benefit a financial wellness offering can provide, but the specific steps to take, and the resources available to support providing a financial wellness solution.
Don’t forget – early bird pricing runs out this week! Register today at https://napasummit.org.
