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Financial Wellness Audit

Many business leaders are finding out the opposite of what they expect. "We pay our employees pretty well, therefore they're financially stable" is a very popular assumption. In reality, a large portion of  employees are in fact struggling. Financial wellness is not simply about income, it’s also understanding what to do “after the pay stub". In this context, many employees are in desperate need of employer support and direction.

 

As financial wellbeing has a direct impact on employee performance, it poses the question. Do you know where your own employee base stands? Do you have any real metrics? If you don’t understand the true financial wellness levels of your employees, how can you understand if they are being productive and positively impacting your business results?

Here's Where You Can Start

Get a FREE Employee Financial Wellness Audit (FWA) done for your business today. 

 

Benefi’s FWA is administered via a blind (non-identifying) online survey and looks at the overall holistic financial wellbeing of each employee, taking into consideration total household income and expenses, costs of raising children, elderly care costs and other elements of overall financial stability.  The survey takes less than 10 minutes for each employee to complete. 

It's What Employees Want

Employees are looking to their employers to help them navigate today’s significant economic challenges. FWA provides an easy and honest forum for employees to share the financial stressors of their lives while showing you’re taking a proactive approach to  solving their problems. You'll better understand the needs of your employees, leading to better retention and more meaningful and long-standing employer-employee relationship.

The Net Result

You’ll end up with a clear and true baseline of the financial stability of your employee base. You’ll also see a breakdown of wellbeing by job type (seniority level). The report also highlights areas of financial wellbeing that require attention, such as a low savings rates or a poor debt to income ratios.  This ‘look under the hood’ will also inform your total rewards and compensation strategies, as it highlights areas across financial wellbeing where your organization could offer additional support.