Employers Find it Pays to Provide Financial Education to Employees
Dr. Thomas R. Watson, a leading expert on workplace financial education, wrote the following*:
A recent study by the National Institute for Personal Finance Employee Education (NIPFEE) has calculated the first year return on investment in workplace financial education is more than $400 per employee. Even when slight improvements were made. They also estimate the potential return on investment for employers who offer financial education in the work place is at least 300%.
Besides being a sound investment in employees, a quality financial education program will benefit your business for years to come. Workers become more tolerant of budget cuts and layoffs because they are in a much better financial position.
Unfortunately, employers ignore workers who have personal money management problems because they do not realize the high cost of doing so. The reality is that workers personal financial problems cost employers a lot of money.
2009 Colorado State Farm Bureau Convention
Having fun with former NBA star and entertainer Thurl Bailey
Educating the audience with other people's money!
Teaching 1 of 52 seminars for a business with 1,800 employees
*source: www.articlebase.com
Employee Facts
- One-third of all employees are stressed about financial issues.
- 20-40% will negatively impact job productivity.
- 90% are unhappy with their financial wellness.
- 75% are insecure about retirement.
- 50% hold a part-time or second job.
- One-third of employees waste 20 hours each month dealing with money matters while on the job.
Our Seminars Will Teach Your Employees How To:
- Develop and follow a successful budget.
- Identify and avoid the most costly and damaging “Debt Traps”.
- Know exactly what bills to pay off first to put you in the best financial position!
- Pay off all debts 2 to 3 times faster without raising your monthly payments, without negotiating with creditors, and without getting a new loan!
- Protect yourself against Identity Theft tactics. New scams you won’t believe!
- Find the money needed for retirement.
- Pay cash for large ticket items.
With the proper education, your employees could learn how to give themselves a 35% raise by eliminating their personal debt. This type of raise does not require a company to touch a dime of it’s payroll, and conveys a message of caring to employees.
To schedule a seminar give us a call at (435) 720-3177, send us an email at rdcosgrove@gmail.com, or visit the contact us page.