5 areas employers are expecting financial wellness programs to address
Interest in company financial wellness programs has spiked during the pandemic, a Prudential survey finds.
By Alan Goforth|November 19, 2020 at 01:35 PM
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Employee demand for company financial wellness programs soared during the COVID-19 pandemic. Nearly three-fourths of retirement plan decision-makers reported increased interest, with employee usage climbing by 28 percent. Prudential’s 2020 Plan Sponsor Pulse Survey: Navigating COVID-19 asked nearly 700 decision-makers about their experiences.
“To have employees resoundingly turn to financial wellness resources serves as both confirmation of their value and an opening to build on this strong foundation,” said Harry Dalessio, head of institutional retirement plan services for Prudential Retirement. “As the pandemic has evolved, so have personal finances. Employers have an opportunity to meet the ongoing and changing needs that are surfacing.”
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