What is stealing your company and staff’s efficiency?
of Americans live paycheck to paycheck and 80% of people say their personal finances keep them up at night *NFCC
of Americans do not have enough cash to cover a $500 unexpected expense *Bankrate
of employees state they are NOT on course to meet their retirement living projections. 52% of Americans have less than $10,000 saved for retirement. *USA Today
What would your business look like if you could increase productivity, increase company loyalty, decrease absences, decrease healthcare cost and decrease stress? It would be more profitable and productive.
A study by Pensions Consultants Inc. showed 30 to 80% of employees waste time dealing with personal financial matters which results in up to 12 to 20 hours of lost productivity. A Federal Reserve’s study in 2014 said 30% of non-retired workers have no retirement or pension account set-up. Financial stress is the leading cause of unhealthy behaviors like smoking, weight gain, alcohol and drug abuse which results in lower productivity and higher cost for you.
Benefits of providing E3’s Financial Wellness program:
- Productivity Increase
- Increase employee engagement and loyalty
- Reduced stress leading to reduced health care costs
- 3:1 ROI based on Consumer Financial Protection Bureau (CFPB) studies
According to a CFPB study companies that offer financial wellness programs could save $3 for each dollar they invest in helping their staff. But that isn’t all, financial wellness programs also reduce absenteeism, disability and workers’ compensation cost. The study showed this was due to the increased stress and medical problems that poor financial management brings.
E3 Financial Coaching’s Financial Wellness program is not only customized for your business but to your individual staff members. We understand that not every business or staff member will see the same level of benefit from the same plan, education or coaching styles. Our program is unique because we don’t just provide knowledge we change behaviors in these four areas
We would love to discuss how E3’s Financial Wellness program can help your business. Contact us for a consultation.