People of all levels of income and education have financial problems, which may stem from poor habits, unfortunate circumstances, or not enough financial education. And while this may not seem like a workplace issue, it is. The financial stress your employees are facing can have a cascading effect on absenteeism, morale, productivity, and your bottom line.
How can you as an employer help alleviate this stress? By offering your employees comprehensive financial wellness coaching that helps them navigate the twists and turns on their personal path to achieving their goals.
Our coaches are more than planners. They encourage, listen and guide. They explain the “why” and the “how” in addition to the “what” to help employees better understand their current financial circumstances and the actions needed to improve them.
Financial stress impacts employees’ lives personally and professionally. Our team of financial wellness coaches helps employees be financially prepared, relative to their circumstances, for life’s expected and unexpected events.
We recognize that personal financial freedom is not something that can be achieved by attending a lunch-and-learn or reading a handout. It is a process that takes years of work with many challenging steps along the way. With Cerity Partners Financial Wellness Coaching, your employees get the resources and advice they need for their journey.
Helping your employees become financially confident also positions your organization for success. Financial Wellness Coaching provides the support they need to reduce financial stress, which can lead to:
Our coaching is confidential. However, you receive aggregated reports to help you understand what troubles your employees are facing and the progress they’re making. These insights serve as the foundation for future conversations about maximizing participation in your company’s benefits and ways to keep your employees focused on work by reducing their stress outside of it.
Based on our experience, the generic financial education commonly provided by many advisors and recordkeepers is easily ignored by people as they go through their lives. Our financial wellness program is structured so that your employees are provided the education they need based on where they’re at in their financial journey. A doctor does not prescribe the same medicine to every patient nor do we.
We ask your employees specific questions so that we can provide specific guidance. We get a complete view of what is going on in their lives and provide a road map that will help them navigate what is coming. We are here for them for each bump and at every fork in the road.
Financial Wellness Coaching is just one way Cerity Partners helps HR teams deliver better outcomes. See how all our services work together to maximize value, minimize fiduciary risk and ease your administrative responsibilities.