Successful Financial Wellness Programs Benefit Businesses

Successful Financial Wellness Programs Benefit Businesses

08/15/16 Laura Gibbons

By Reeta Wolfsohn, CMSW

Employees’ Overall Health is Crucial

Healthy employees are happy employees. An estimated 78% of employees in excellent health report being happy with their current job, as opposed to only 51% of employees in poor health.

Healthy employees are better off financially. Compared to employees in poor health, healthy employees are more confident in their financial future – and by wide margins.
• 69% of healthy employees have a plan for achieving major financial goals, but just 43% of unhealthy employees do.
• 87% of healthy employees feel they are able to make ends meet, while just 61% of unhealthy employees feel the same.

Healthy employees value their benefits more than others.
• 75% of employees in excellent health are satisfied with their benefits.
• 56% of employees in fair or poor health are satisfied with their benefits.

Quotes about personal finances:
“There are plenty of difficult obstacles in your path. Don’t allow yourself to be one of them.”
— Ralph Marston

“The price of anything is the amount of life you exchange for it.”
— Henry David Thoreau

“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”
— Will Smith

“My favorite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.”
— Steve Jobs

Reeta Wolfsohn, CMSW, is the founder of the Financial Social Work discipline and the Financial Therapy Network.

Source: Employee Assistance Report Brown Bagger, Volume 19, No. 9, September 2016