November 2, 2009<br />SHRM Poll: Assistance Organizations Offer to Help Employees Manage Their Financial Resources<br />
Definition<br /><ul><li>Financial education is defined as any workplace initiative, program or resource designed to provid...
Does your organization currently provide any kind of financial education to your employees?<br />3<br />Differences by org...
What are companies doing to help employees manage their financial resources effectively for a lifetime of financial well-b...
What financial education topics are available to your employees? <br />5<br />n = 255<br />* For example ,budgeting, payin...
Have you conducted a needs assessment (e.g., surveys, focus groups, etc.) to determine what topics or delivery methods of ...
How do you provide financial education to your employees?<br />7<br />n = 256<br />Note: Asked only of respondents who sai...
Within the last 12 months, has your organization seen an increased demand for financial education from employees?<br />8<b...
What is the primary personal financial concern of your employees?<br />9<br />n= 181<br />Note: Asked only of respondents ...
As you plan your budget for next year (2010), have you requested or          are you requesting funds for financial educat...
Have your financial education initiatives faced any obstacles?<br />11<br />n = 256<br />Note: Asked only of respondents w...
What is the biggest obstacle your financial education initiatives face today?<br />12<br />n = 171<br />Note: Asked only o...
Results by Companies That Did Not Offer Financial Education to Employees<br />13<br />
Does your organization have plans to provide financial education to your employees within the next 12 months?<br />14<br /...
What is the biggest obstacle preventing your organization from providing financial education in the workplace? <br />15<br...
Demographics: Organizational Industry<br />16<br />n = 398<br />Note: Percentages do not total 100% due to rounding.<br />
Demographics: Organizational Industry (Continued)<br />17<br />n = 398<br />Note: Percentages do not total 100% due to rou...
Demographics: Organizational Sector<br />18<br />n = 397<br />Note: Percentages do not total 100% due to rounding.<br />
Demographics: Organization Staff Size<br />19<br />n = 368<br />
Demographics: Organization Region<br />20<br />n = 391<br />Note: Percentages do not total 100% due to rounding.<br />
Demographics: Organization Operations Location<br />21<br />n = 397<br />
SHRM Poll: Assistance Organizations Offer to Help Employees Manage Their Financial Resources.<br />Methodology<br />Respon...
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Financial Education Presentation

  1. 1. November 2, 2009<br />SHRM Poll: Assistance Organizations Offer to Help Employees Manage Their Financial Resources<br />
  2. 2. Definition<br /><ul><li>Financial education is defined as any workplace initiative, program or resource designed to provide employees with information on how to manage their financial resources effectively for a lifetime of financial well-being. </li></ul>2<br />
  3. 3. Does your organization currently provide any kind of financial education to your employees?<br />3<br />Differences by organization staff size:<br /><ul><li> Respondents from large-staff-sized organizations (75%) were more likely than those from small-staff-sized organizations (51%) to report their organization provided financial education.</li></ul>Differences by organization operations location:<br /><ul><li> Organizations with multinational operations (72%) were more likely to provide financial education than organizations based only in the United States (61%).</li></ul>Difference by organizational sector:<br /><ul><li> Publicly owned for-profit organizations (76%) were more likely than privately owned for-profit organizations (58%) to provide financial education.</li></ul>n = 401<br />Note: Small-staff-sized organizations = 1-99 employees, medium-staff-sized = 100-499 employees, large-staff-sized = 500 or more employees.<br />Only significant differences are presented. <br />
  4. 4. What are companies doing to help employees manage their financial resources effectively for a lifetime of financial well-being?<br />4<br />
  5. 5. What financial education topics are available to your employees? <br />5<br />n = 255<br />* For example ,budgeting, paying for education, debt reduction or credit card use, homeownership, taxes, etc.<br />Note: Asked only of respondents who said their organizations offered financial education. Percentages do not total 100% as respondents were allowed multiple choices.<br />
  6. 6. Have you conducted a needs assessment (e.g., surveys, focus groups, etc.) to determine what topics or delivery methods of financial education would be most beneficial to your employees?<br />6<br />n = 253<br />Note: Asked only of respondents who said their organizations offered financial education<br />
  7. 7. How do you provide financial education to your employees?<br />7<br />n = 256<br />Note: Asked only of respondents who said their organizations offered financial education. Percentages do not total 100% as respondents were allowed multiple choices.<br />
  8. 8. Within the last 12 months, has your organization seen an increased demand for financial education from employees?<br />8<br />Differences by organization staff size:<br /><ul><li>Respondents from large-staff-sized organizations (46%) were more likely than those from small-staff-sized organizations (20%) to report an increased demand for financial education. </li></ul>n = 195<br />Note: Asked only of respondents who said their organizations offered financial education. Excludes respondents who answered “not sure.” <br />
  9. 9. What is the primary personal financial concern of your employees?<br />9<br />n= 181<br />Note: Asked only of respondents who said their organizations offered financial education. Excludes respondents who answered “not sure.”<br />
  10. 10. As you plan your budget for next year (2010), have you requested or are you requesting funds for financial education?<br />10<br />n = 253<br />Note: Asked only of respondents who said their organizations offered financial education.<br />
  11. 11. Have your financial education initiatives faced any obstacles?<br />11<br />n = 256<br />Note: Asked only of respondents who said their organizations offered financial education.<br />
  12. 12. What is the biggest obstacle your financial education initiatives face today?<br />12<br />n = 171<br />Note: Asked only of respondents who said their organizations’ financial education initiatives faced obstacles.<br />
  13. 13. Results by Companies That Did Not Offer Financial Education to Employees<br />13<br />
  14. 14. Does your organization have plans to provide financial education to your employees within the next 12 months?<br />14<br />n = 145<br />Note: Asked only of respondents who said their organizations did not offer financial education. <br />
  15. 15. What is the biggest obstacle preventing your organization from providing financial education in the workplace? <br />15<br />n = 132<br />Note: Asked only of respondents who said their organizations did not offer financial education and had no plans to provide financial education within the next 12 months. <br />
  16. 16. Demographics: Organizational Industry<br />16<br />n = 398<br />Note: Percentages do not total 100% due to rounding.<br />
  17. 17. Demographics: Organizational Industry (Continued)<br />17<br />n = 398<br />Note: Percentages do not total 100% due to rounding.<br />
  18. 18. Demographics: Organizational Sector<br />18<br />n = 397<br />Note: Percentages do not total 100% due to rounding.<br />
  19. 19. Demographics: Organization Staff Size<br />19<br />n = 368<br />
  20. 20. Demographics: Organization Region<br />20<br />n = 391<br />Note: Percentages do not total 100% due to rounding.<br />
  21. 21. Demographics: Organization Operations Location<br />21<br />n = 397<br />
  22. 22. SHRM Poll: Assistance Organizations Offer to Help Employees Manage Their Financial Resources.<br />Methodology<br />Response rate = 17%<br />Sample comprised of 401 randomly selected HR professionals from SHRM’s membership<br />Margin of error is +/- 4 <br />Survey fielded October 15 - October 22, 2009<br />22<br />
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