Why Should Employers Offer Personal Finance Benefits?

Welcome to another episode of Financially Naked: Stories from The Financial Gym, where we break down the complexities of personal finance to empower you on your journey to financial wellness. Today's host is Rachel Adaline, HR Manager at The Financial Gym, and she is joined by Alicia Lazarto, COO at The Gym.

At The Financial Gym, we understand employees expect more than just a paycheck in their overall compensation package. That's why one of our many services is providing financial literacy resources to employees through their employers.

In this episode, Alicia and Rachel will explore how The Financial Gym can support your employees. From comprehensive financial planning to educational courses and webinars, we'll dive into how these benefits can positively impact employee well-being and productivity. 

Podcast Notes

  • Financial health is important. As an employer, offering financial health benefits can help your employees. 

  • Employers can play a huge role in alleviating financial stress and fostering engagement among their workforce. You can help them release their stress about money. 

  • People are anxious about their money. Financial well-being can impact productivity, with 46% reduced rates among anxious employees who lack personal finance education. 

Benefits offered By The Financial Gym

  • Trainer on Demand (TOD): 

    • Employees can book sessions with a Certified Financial Trainer to address specific financial challenges.

    • Trainers offer guidance tailored to individual needs, focusing on one-time questions and guidance.

  • 1-1 Accountability Program:

    • Comprehensive planning sessions with Trainers to create fully personalized financial plans.

    • Regular check-ins and quarterly reviews ensure progress and support during life events.

  • Educational Courses and Webinars:

    • Recorded webinars cover diverse topics such as travel hacking, credit management, and money mindset.

    • Courses aim to demystify financial jargon and empower employees on their financial journey.

Benefits to Employees  

  • You can foster employee engagement by creating a culture of openness and support around financial discussions.

  • Feedback from people who have utilized these programs showed that 95% of clients reported increased confidence, and 79% experienced decreased financial anxiety.

  • Employers report a positive impact on workplace productivity and morale, with 97% of clients recommending the services.

  • The Gym offers anonymity and privacy options to encourage honest discussions about financial challenges. We provide communication channels and resources for employees to access financial planning benefits comfortably.

How to Get Involved 

  • Financial planning benefits can contribute to employee well-being and productivity.

  • If you're a client of The Gym, you can receive a bonus if you refer your employer to Financial Gym's corporate partnership program. Talk to your boss or HR department about this program.

  • You can emphasize the potential to reduce financial anxiety-related burnout and highlight the importance of supporting employee well-being through financial wellness. 

YOU CAN EARN MONEY if you bring financial wellness to your office or organization! If you refer The Financial Gym to your HR/Benefits or Employee Experience Manager and they purchase any of our corporate services, you’ll receive $200! If you don’t work at a corporation, but instead are involved in a volunteer or social organization, the same benefit applies. For tracking purposes, please copy enterprise@fingyms.com in your email to your HR/Benefits Team. Questions?

If you want to work with a Certified Financial Trainer to help navigate your finances, schedule a free warm-up call today! If you have any ideas or questions for the show, send an email to trainerpodcast@fingyms.com.

Resources

Meet The Hosts

Meet Alicia Lazarto, COO at The Financial Gym 

Meet Rachel Adaline, HR Manager at The Financial Gym