Money isn't just about the amount you earn or spend each month - it also has mental health consequences that can affect productivity at work and beyond. That’s why employer financial wellness programs are so important. They are designed to empower employees to achieve greater clarity around their finances - and create a sense of balance between work and life outside the office.
So how would you, as an employer, fit this in between the day-to-day requirements of managing a business?
Well, this is where we can help. We offer company financial wellness programs to help set your employees up for success both in and outside of the workplace.
Set your employees up for successFinancial wellness is a holistic approach to managing one’s finances. It's not just about the money you make, but also how you use it and how it affects other areas of your life.
Corporate financial wellness programs help employees with debt management, credit scores, and overall financial health. Our comprehensive program addresses all aspects of personal finance, including goals for savings and retirement; budgeting for needs versus wants; understanding insurance options, and providing employees education on money management.
A company financial wellness program is an initiative designed to educate employees on how to manage their finances, build savings, make smart decisions about spending and borrowing money, and achieve a reasonable level of comfort with their overall financial well-being.
As an employer, you can play an important role in helping your employees develop a plan that works for them and their families. Financial Mosaic’s program is designed to help employees overcome financial stress and become more financially literate.
Learn moreFinancial literacy is defined as the ability to make informed financial decisions. It’s the knowledge that allows us to understand and use financial information in the world around us. Those who are financially literate can make sound financial decisions when faced with important choices about money. We can help employees become more financially literate by providing them with resources that empower them to understand their finances better so they can make sound financial decisions in their personal lives and plan for retirement with confidence.
Learn moreWe know just how a financial wellness solution can benefit the daily lives of your employees, but how exactly does it benefit you as an employer? Here are some of the major benefits that you can expect:
Ready to reap all these benefits? Contact us
Our company financial wellness program is designed to help employees better manage their finances, improve their credit scores, and reduce financial stress. The features of our service include:
Our comprehensive personal financial planning services help them set goals for themselves with a focus on retirement savings and overall long-term success. We also help them develop strategies for paying down debt, saving up an emergency fund, and building and diversifying their investment portfolios.
We provide your employees with a personal risk profile, which is a simple way for employees to identify their risk tolerance, risk capacity, and risk requirements.
The first step in creating a personal risk profile is understanding their current financial situation and what their goals are for the future, because these two factors have a direct impact on how much risk they are willing to take on.
An investment risk analysis is a way to evaluate the risk of an investment and determine whether it is appropriate for their portfolio. It can even help them determine whether an investment is appropriate for their risk tolerance level.
Our financial advisors recommend the right investments for their needs and explain how their investments align with their risk tolerance. We’ll also provide recommendations on how to invest to meet their financial goals.
Financial education is key to effective financial wellness, and it’s a cornerstone of our program. Our goal is to offer employees an additional ongoing financial education program so they can make informed decisions about their finances. This is why we provide ongoing resources for financial education, including our live online workshops, blogs, and periodic events where we discuss the latest tips, tricks, and trends in investing and managing money.
Employees will be given access to their personalized plan and profile through their own Financial Mosaic online dashboard. This customized dashboard allows them to see key elements of their plan, for example:
The dashboard also includes a side-by-side presentation of their personal risk profile compared to their investments’ risk profile. This section provides specific, tailored investment advice and resources for implementing the recommendations.
We provide employees with annual updates on their financial plans. This helps ensure that they stay on track towards their goals, and it gives them an opportunity to discuss their progress with us if something has changed in the last year.
A financial coach will contact each of your signed-up employees to see how things are going. We'll answer any questions and provide periodic updates on their progress. If there's anything we can do to help, we're only a call or email away!
Give your employees and your business the best shot at a successful financial future with our employer financial wellness program.
Schedule a consultation with our experts