Are you an employer who is thinking about initiating a financial education program for your employees? If so, research from the International Foundation of Employee Benefit Plans (IFEBP) indicates that successful programs should remain in place for at least three years, and the most successful programs are in place for more than ten years. The IFEBP report, entitled A Closer Look: What’s Working in Workplace Financial Education, 96% of employers indicated that personal financial issues impacted employee job performance.
What are the three most effective methods for providing financial education?
- Financial Coaching, a.k.a. personalized consultation (I offer this service).
- Classes that are voluntary for employees (I provide on-site workshops tailored to your company’s needs).
- Web-based resources for employees to access on their free time. SmartDollar is an excellent program which I offer.
Contact me for a FREE pdf entitled Emotions and Finances: Most Employees Are Scared or Confused About Their Money by the producers of SmartDollar.