Financial wellness – it’s one of the hottest trends – or most overhyped topics – depending on who you ask. This week, we’re asking NAPA Net readers to weigh in.
That’s right, the data on financial wellness is – well, inconsistent to say the least, if only because the definition(s) of financial wellness are somewhat – well, inconsistent.
Consider that various surveys have found that the programs (and/or the concept) are popular with sponsors, but not so much with workers. On the other hand, perhaps that’s because employers are hardly of a single mind in terms of what such programs are, or should be implemented.
Consider too that workers appear to think such programs could help increase their productivity, although another finds that, while employers are surely interested in boosting productivity, at least one study claims that employers could actually be undermining financial wellness with certain benefit designs.
And then there’s the reality that industry surveys increasingly find the option on provider menus, though NAPA Net readers have previously found financial wellness to be relatively high on a list of “most over-hyped” industry trends.
Moreover, while most still argue that the ROI for such programs remains elusive, but that – at least according to a prominent financial wellness provider – it could add up to… millions.
This week, we’d like to know what you think – not to mention what you’re hearing from your plan sponsor clients and prospects. You can reply to this week’s NAPA Net reader poll at https://www.research.net/r/LQRTPQX.
And, of course, we’ll have it all wrapped up for you on Friday.
