3 steps toward financial wellness

As Americans battle burdensome debt, rising medical costs, monthly budget shortfalls and other money issues, employers are recognizing those problems are distracting employees and diminishing productivity.  It’s one reason why more benefits advisors and their clients are introducing or improving financial wellness programs to help employees get on target financially.

Nearly 2 in 3 employers (64 percent) report that helping employees improve their financial wellness is more important to their organization than it was two years ago, according to new research by Alight Solutions, a global provider of human resource programs. Moreover, 82 percent of companies that offer a financial wellness program say, “it’s the right thing to do.”

But talking about financial wellness is one thing; actually doing something to improve it is another. Employers are looking for help from benefits brokers, consultants and financial advisors to figure out how to get started and help make financial wellness pay off.