What Do You Mean When You Say Financial Wellness?
Reducing employees' financial stress is the easiest way to increase productivity. Chief Financial Officers and Human Resources Officers come across a myriad of Financial Wellness solutions that all profess to be the best the world has to offer. Choosing the right solution or the right combination of solutions is a daunting task. This VIEWPOINT is designed to guide the reader through the evaluation of solutions available to build the right program for their situation. Many employers turn to their plan advisor and to their retirement plan service provider to vet or curate content of financial wellness programs for their workforce. Your plan advisor and service providers are best positioned to help you discern what is right for your business. This paper, the first in a series the Council will publish in 2020 seeks to support decision making with respect to:
- The scope of services to request, and
- How services are delivered