In the last couple of years, the term Financial Wellness has been used to describe the relationship between money, money-related issues and overall well-being. Financial Wellness involves the process of learning how to successfully manage financial expenses; not having enough money impacts our health as well as our financial performance. Financial stress is commonly found to be the source of stress, anxiety and fear.
Companies have started to recognize the importance of Financial Wellness and invest in it since it leads to a happier, more productive workforce. A well-conceived Financial Wellness program will not only reduce healthcare expenditures and absenteeism rates, while increasing productivity, but it can also help employers attract and retain top talent. Here are a few reasons why Financial Wellness is important in the workplace:
Financial Wellness isn’t a new concept, but by finding better ways to take care of our finances, ultimately we will find healthier ways to take care of ourselves.
Advisory services offered through EWG Elevate, Inc. dba Protection Point Advisors.
This represents a partial list of clients. They have not been compensated and were not selected based on duration, performance, account size.