Financial Wellness Overview

Post on 17-Nov-2014

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Increase employer profits while helping employees reduce stress!

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Financial WellnessJustin Bennett

Strong Tower Consulting

Imagine

What would it be like to have a more focused and stable workforce that increased their productivity at work while transforming their lives?

Workplace Performance

40% of Americans worry about their money at work.◦ Dave Ramsey

Average employee wastes 16-20 hours/month worrying about their finances at work.◦ Personal Finance Employee

Education Foundation

Example (Company XYZ)

Company XYZ◦100 Employees◦40% Admit Loss of Productivity◦$30,000 Average Wage/Year◦16 Hours Wasted/Month (10%)

What is That Costing You?

The Cost to Your Business

$120,000/Year ◦That’s not including the cost of

Turnover Absenteeism Low Morale Additional HR Expenses

Outstanding 401k Loans!

Almost 30% of Americans have outstanding loans with their 401k’s.- Business Record 2011

Most American’s Are Not Saving!

64% of Americans do not even have $1,000 saved for emergencies.◦ National Foundation for Credit

Counseling

Over 60% of Americans do not systematically save for retirement.◦ Scott Trade, 2010

Where Are We Headed?

41% of adults would give themselves a personal finance grade of C, D or F.

80% of adults would benefit from advice and answers to everyday financial questions from a professional.◦ Harris Study, 2009

Solution

Financial Wellness At Work!

What Are the Benefits?

Employee Employer

Eliminate DebtSave MoneyBudget That WorksRetire With DignityStrengthen FamiliesEmpower Singles

Increased ProductivityBoost MoraleReduce AbsenteeismBenefit ParticipationMore Loyal

Employees

Their Results!!

Going From… To…

Your Company’s Results!!

Going From… To…

Return on Investment (ROI)

There is 3:1 ROI to the company that invests in a good financial wellness program. – Personal Finance Employee Education Foundation

How Can I Find Out More?

To find out how Strong Tower Consulting’s financial wellness program can benefit your business and your team contact Justin today!

Contact Justin Today

Contact Justin515.223.2183

justin@strongtowerconsulting.comwww.strongtowerconsulting.com/education/financial-wellness