How are companies helping employees improve their financial wellbeing?

May 20, 2017

Some interesting stats from Alight Solutions' 2017 Hot Topics in Retirement & Financial Wellbeing survey on how today's employers are exploring new ways to help employees improve their financial wellbeing.

 

More employers than ever are likely to expand their financial wellbeing programs in 2017

59%

are very likely

33%

are moderately likely

 

Employers will be creating a broad financial wellbeing strategy in 2017

49%

intend to create a strategy this year

23%

already have a strategy

 

Top financial topics for employers to provide workers with tools, services, or education:

43%

Basics of investing

37%

Health care education

35%

Financial planning

 

Making the connection between health and wealth

34%

of employers have an integrated wellbeing program that features both financial and physical wellbeing

37%

of employers are building a financial wellbeing program in an effort to decrease medical costs

 

Most popular reasons for expanding financial wellbeing programs

84%

believe it is the right thing to do

78%

seek to increase employee engagement

60%

aim to improve retirement plan statistics

57%

would like to decrease worker time spent addressing financial issues

 

For help crafting your benefits offerings to better align with overall objectives, download 2017 Hot Topics in Retirement and Financial Wellbeing.

Download the report
 
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