Broker Check

Financial Education Programs

The goal of workplace financial education is to change and improve behaviors, not simply to provide information. Here are some steps you can take to improve the financial wellness of your employees and contribute to productivity:

  • Integrate financial education into the overall work/life balance program.
  • Know your workforce. Assess demographics, including age, current levels of knowledge, individual financial goals and interests.
  • Communicate and build awareness of the programs. Include articles and information in the company newsletters and on your website.
  • Sponsor a variety of financial planning programs, presentations and seminars
  • Host events during off-hours and encourage family members to participate as well.

Benefits to the Employer

Employers benefit from a financial educated workforce in several ways. Research suggests that a well-educated workplace financial education program is likely to:

  • Reduce absenteeism
  • Decrease direct employer costs related to wage garnishments, banrupcies, payroll deductions for child support and alimony, and administrative costs for borrowing against retirement plans.
  • Increase contributions to the company retirement plan.
  • Increase allegiance to their company

Benefits to Employees

Employees who participate in a workplace financial education programs have the opportunity to:

  • Build assets and reduce debt
  • Increase their ability to retire early or on time
  • Change behaviors that negatively affect job performance
  • Gain appreciation for and participate at a higher level in employer-provided benefits

Elevated Wealth Strategies can customize an employee education program to fit the needs of both the employer and the employees. Below are some components we use to create a successful workplace financial education program:

  • 401(k) & 403(b) education seminars and workshops
  • Basic financial education, including budgeting, debt management and saving
  • In person individual financial coaching and advisement meetings
  • Helping employees prepare as the transition to retirement nears

Learn How to Stay Calm Amidst Market Volatility

In this ebook, we outline how to stay the course through market ups and downs. Our tips will help you anticipate, rather than fear, market movement.

Thank you! Oops!