Financial security, characterized by a lack of worry about money and the perception that one has enough money, is an important contributor to one's well-being. According to Gallup research "a lack of worry about money has more than double the impact of income on overall well-being," and the feeling that you have enough money to do what you'd like "has three times the impact of your income alone on overall well-being."
Survey data shows that employees' financial situation is their number one source of stress. It's also a drain on employees’ productivity. Employers are taking note and many are offering an array of solutions to help employees reduce finance-related stress that go well beyond traditional retirement planning. These include:
National Business Group on Health/Optum Workplace Well-being and the Employee Experience Survey
Based on a survey of 2,210 employees that work for a company of 3,000+ employees, this report explores the connection between an employee’s well-being status and productivity to the five key dimensions of well-being: physical, financial, mental, social and community.
2019 Health and Financial Wellbeing Mindset Study: The State of Employee Wellbeing
This report details the findings of the Alight/Business Group Health and Financial Wellbeing survey, a study that uncovers employees’ experience and attitudes around workplace wellbeing.
Strategies to Support Employees’ Financial Security
Presents the business case for implementing financial well-being programs or benefits, and provides an overview of the strategies some employers have in place to help employees become more financially secure.
Blog Post: Employers Embrace Financial Well-being Programs
Outlines data showing employers’ robust financial well-being offerings.
Seeing the Bigger Picture: Beyond Wellness to Well-being
Presents the business case for developing a broader well-being strategy. It also provides an overview of five factors that contribute to well-being and that large employers can influence within their own organizations.
Blog Post: Health and Well-being Across Generations
Makes the case for employers taking a refreshed look at how they develop benefits and programs based on what is most important to employees at each life stage.