FAIRWINDS Credit Union’s Post

Fantastic points made by my colleague, STEVE CURRY, CFP(R) NFP. He highlights the missing link in employee wellness programs - money and well-being. It's important to understand the impact financial stress can have on an individual's overall well-being. Companies should consider incorporating financial wellness programs to support their employees' financial health. #employeebenefits #financialwellness #wellnessprograms

The Wellness Council of Wisconsin helps employers prioritize the well-being of their employees. This involves three key aspects: foundational, strategic, and systemic. Foundational means that employee well-being is essential for individuals, organizations, and communities. Employers who prioritize employee well-being invest in programs and resources to meet the unique well-being needs of their employees. Strategic means employers connect employee well-being to their organization's core values, goals, and business priorities. Employers make well-being a focus when making decisions about operations, team structures, job descriptions, policies, and more. Systemic means that employee well-being is impacted by a range of interconnected factors. Employers take into account their workforce's community, socio-economic circumstances, and cultural backgrounds. They align wellbeing with their equity and inclusion strategies, corporate social responsibility efforts, and public health strategies to positively impact not just their employees, but also their larger communities. How is your organization placing importance on the well-being of its employees across various areas?

Discover the crucial role of financial health in employee wellness, highlighting the significant impact financial stress has on both personal well-being and workplace productivity. This piece explores how employers can enhance their teams' financial literacy and stability through comprehensive wellness programs, ultimately benefiting both employee satisfaction and the company's bottom line. https://lnkd.in/eUeFuU64 #financialwellness #financialhealth #wellbeing #employeehealth

What is the employee participation threshold to make an employee benefit worth it? It has amazed me how many employers I talk to that have launched some sort of 'financial wellness' tool with single digit participation, and they're continuing to offer it and pay for it because they just don't think their employees will engage in anything - and at least by having it available it makes the employer look/feel like they're trying to do the right thing. All financial wellness tools are not going to yeild similar results. The whole term 'financial wellness' is fluffy and ambiguous to begin with... don't get me started. 🤓 So when this comes back as a top hit on an employee survey, and you launch a program to address it, only to see single digit participation -- well, the frustration is understandable. But the problem isn't necessarily your workforce choosing not to engage. It's more likely that the specific tool introduced didn't move the needle for them. Employees want something actionable - they want it to DO something. Financial literacy is wonderful - but it often boils down to messages of "spend less, save more." This is similar to physical health advice of "eat less, move more." People know these ideas, but its putting them into consistent action where the struggle happens. As an example, we consistently see 60%+ employee participation in our workplace emergency savings accounts as an employee benefit. So solutions that work are out there, it's just about finding the right ones that will make a difference for your workforce. Love that this article puts some sunlight on these points. #FinancialWellness #EmployeeParticipation #EmployeeBenefits

Did you see Get Recruited recent post about Financial Wellness? Now more than ever it is important to do all you can to help the stresses and worries that are at the forefront of employee's minds. The article discusses implementing financial wellness programs in workplaces, highlighting how such programs can benefit both employees and employers by reducing stress, increasing productivity, and improving overall well-being. It's definitely worth a read! #GetRecruited

In our latest blog, explore the vital connection between financial well-being and overall employee health, emphasizing the direct link between financial stress, job performance, and mental health. This article delves into the benefits of integrating financial wellness into corporate health initiatives, illustrating how informed financial support can lead to happier, more productive employees.

As inflation and other economic factors continue to impede American workers from saving for retirement, we recognize that more needs to be done to help. As discussed in Brian Menickella's latest Forbes article, traditional workplace financial wellness programs simply aren’t cutting it - mere access has proven ineffective as engagement remains low. In today’s competitive landscape, rethinking workplace financial wellness is not simply a suggestion - it’s a strategic imperative that can lead to a more engaged, productive, and financially secure workforce. By addressing the shortcomings of traditional programs and embracing innovative, employee-centric solutions like our Employee 360 Experience, employers can make a lasting positive impact on their employees' lives and their organization’s success. We meet your employees where they are with one-on-one consultations, monthly financial wellness emails, topical infographics, engaging videos, and more. Employee 360 participants are consistently being encouraged to take action and regain control of their financial lives by making healthy financial choices. Learn more about our Employee 360 Experience in the comments. Feel free to read the full article "Why Employers Are Rethinking Workplace Financial Wellness" for more insights: https://lnkd.in/eP3ebQY9? #FinancialWellness #EmployeeEngagement #RetirementPlanning #BeaconFinancialServices #Employee360 #FinancialHealth #Productivity #Forbes #Money #401k #EmployeeEducation #Employers #EmployeeBenefits

Even though workplace financial wellness benefits have been around for a decade, they’re now more popular than ever. It’s no longer a question of whether employers should promote financial wellness at work, but how to determine the right services and ensure the best possible engagement. Learn more about gauging the success of a financial wellness program using the link below. https://mgstn.ly/3RhBg7o

The Importance of Employee Financial Wellness Programs (via HSI): https://ow.ly/6ars50SmNCZ #HSI #smallbusiness #smallbiz #financialwellness #employeebenefits

As Open Enrollment is winding down - we are right into the thick of the holidays. Ensure your employees know about your wellness offerings - they may have forgotten in the thick of other work, family and other priorities. Prioritizing employee wellness can lead to increased productivity and reduced healthcare cost... learn more about the benefits and best practices in our latest article. #EmployeeWellness #ProductivityBoost #AlegeusInsights