Financial Wellness Overview

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Increase employer profits while helping employees reduce stress!

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Financial Wellness Overview

  1. 1. Financial Wellness Justin Bennett Strong Tower Consulting
  2. 2. ImagineWhat would it be liketo have a morefocused and stableworkforce thatincreased theirproductivity at workwhile transformingtheir lives?
  3. 3.  40% of Americans worry about their money at work. ◦ Dave Ramsey Average employee wastes 16-20 hours/month worrying about their finances at work. ◦ Personal Finance Employee Education FoundationWorkplace Performance
  4. 4.  Company XYZ ◦ 100 Employees ◦ 40% Admit Loss of Productivity ◦ $30,000 Average Wage/Year ◦ 16 Hours Wasted/Month (10%) What is That Costing You?Example (Company XYZ)
  5. 5.  $120,000/Year ◦ That’s not including the cost of  Turnover  Absenteeism  Low Morale  Additional HR ExpensesThe Cost to Your Business
  6. 6.  Almost 30% of Americans have outstanding loans with their 401k’s. - Business Record 2011Outstanding 401k Loans!
  7. 7.  64% of Americans do not even have $1,000 saved for emergencies. ◦ National Foundation for Credit Counseling Over 60% of Americans do not systematically save for retirement. ◦ Scott Trade, 2010Most American’s Are Not Saving!
  8. 8.  41% of adults would give themselves a personal finance grade of C, D or F. 80% of adults would benefit from advice and answers to everyday financial questions from a professional. ◦ Harris Study, 2009Where Are We Headed?
  9. 9. Financial Wellness At Work!Solution
  10. 10. Employee Employer Eliminate Debt  Increased Save Money Productivity Budget That Works  Boost Morale Retire With Dignity  Reduce Absenteeism Strengthen Families  Benefit Participation Empower Singles  More Loyal EmployeesWhat Are the Benefits?
  11. 11. Going From… To…Their Results!!
  12. 12. Going From… To…Your Company’s Results!!
  13. 13.  There is 3:1 ROI to the company that invests in a good financial wellness program. – Personal Finance Employee Education FoundationReturn on Investment (ROI)
  14. 14.  To find out how Strong Tower Consulting’s financial wellness program can benefit your business and your team contact Justin today!How Can I Find Out More?
  15. 15. Contact Justin 515.223.2183 justin@strongtowerconsulting.comwww.strongtowerconsulting.com/education/ financial-wellnessContact Justin Today

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