Financial Education In The Workplace
Improving workplace productivity, health and well-being through personal financial education.
Financial concerns may be a personal matter but they directly affect the workplace.
Research shows that 25 percent of employees have financial problems severe enough to have a negative impact on their productivity.
A financially stressed employee spends an average of 20 hours per month of work time on his or her personal financial problems.
Unlike financial advisors, who primarily focus on advising their clients about specific financial products they sell - like mutual funds or life insurance - BankandGrowRich.net reaches a proven personal financial literacy program that is based on 10 Principles that allow people to get in immediate control of their spending debt, savings, and taxation. It is the only comprehensive financial management system in the industry today that helps individuals and families effectively manage every aspect of their financial lives.
Benefits to EMPLOYERS
Research clearly shows that a well-executed workplace financial education program benefits employers in several ways:
Increase employee productivity
Decrease direct employer costs related to wage garnishments, bankruptcies, payroll deductions for child support and alimony, and administrative costs for borrowing against retirement plans
Increase contributions to the company 401(k) program
Increase employees' loyalty to the company
Reduce employee stress-related illnesses and mental disorders
Benefits to EMPLOYEES
Employees who participate in workplace financial education programs have the opportunity to:
Change behaviors that negatively affect job performance
Build assets and reduce debt
Gain appreciation for and participate at a higher level in employer provided benefits
Increase their ability to retire early or on time
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