Best Practices

A highly effective financial wellness program can save a large company well into the millions of dollars based on the easiest costs to measure -- wage garnishments, absenteeism and utilization of FSAs and HSAs.

Tapping into data and providing intuitive and personalized tools will help employers build meaningful connections with their people.

For the annual review, an investment policy statement is highly recommended, which outlines general rules for the manager, provides the general investment goals and objectives and describes the strategies to employ.

As HR leaders we have an opportunity to connect with employees through thoughtful efforts that support mental health, purpose and empathy.

This can be an opportunity for employers to share practical financial wellness solutions through live seminars, video classes, training available online and face-to-face conversations.

The strength of the CHRO-CEO relationship will be crucial in finding solutions that benefit employees.

Start investing in your mentoring strategy and reap all the benefits it has to offer to your employees and your organization.

By helping workers take control of their short- and long-term financial goals, you can help them as well as make progress on your own goals of employee attainment and retention.