The document reports on a survey of 401 HR professionals about financial education offerings in their organizations. Key findings include: - 75% of large organizations (500+ employees) provide financial education, compared to 51% of small organizations (1-99 employees). - Publicly owned for-profit organizations (76%) are more likely than privately owned companies (58%) to offer financial education. - Budgeting, saving, and investing were the most common financial topics covered. - 46% of large organizations saw increased demand for financial education in the last year, versus 20% of small organizations.

1. November 2, 2009SHRM Poll: Assistance Organizations Offer to Help Employees Manage Their Financial Resources

2. DefinitionFinancial 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. 2

3. Does your organization currently provide any kind of financial education to your employees?3Differences by organization staff size: 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.Differences by organization operations location: Organizations with multinational operations (72%) were more likely to provide financial education than organizations based only in the United States (61%).Difference by organizational sector: Publicly owned for-profit organizations (76%) were more likely than privately owned for-profit organizations (58%) to provide financial education.n = 401Note: Small-staff-sized organizations = 1-99 employees, medium-staff-sized = 100-499 employees, large-staff-sized = 500 or more employees.Only significant differences are presented.

4. What are companies doing to help employees manage their financial resources effectively for a lifetime of financial well-being?4

5. What financial education topics are available to your employees? 5n = 255* For example ,budgeting, paying for education, debt reduction or credit card use, homeownership, taxes, etc.Note: Asked only of respondents who said their organizations offered financial education. Percentages do not total 100% as respondents were allowed multiple choices.

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?6n = 253Note: Asked only of respondents who said their organizations offered financial education

7. How do you provide financial education to your employees?7n = 256Note: Asked only of respondents who said their organizations offered financial education. Percentages do not total 100% as respondents were allowed multiple choices.

8. Within the last 12 months, has your organization seen an increased demand for financial education from employees?8Differences by organization staff size: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. n = 195Note: Asked only of respondents who said their organizations offered financial education. Excludes respondents who answered “not sure.”

9. What is the primary personal financial concern of your employees?9n= 181Note: Asked only of respondents who said their organizations offered financial education. Excludes respondents who answered “not sure.”

10. As you plan your budget for next year (2010), have you requested or are you requesting funds for financial education?10n = 253Note: Asked only of respondents who said their organizations offered financial education.

11. Have your financial education initiatives faced any obstacles?11n = 256Note: Asked only of respondents who said their organizations offered financial education.

12. What is the biggest obstacle your financial education initiatives face today?12n = 171Note: Asked only of respondents who said their organizations’ financial education initiatives faced obstacles.

13. Results by Companies That Did Not Offer Financial Education to Employees13

14. Does your organization have plans to provide financial education to your employees within the next 12 months?14n = 145Note: Asked only of respondents who said their organizations did not offer financial education.

15. What is the biggest obstacle preventing your organization from providing financial education in the workplace? 15n = 132Note: 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.

16. Demographics: Organizational Industry16n = 398Note: Percentages do not total 100% due to rounding.

17. Demographics: Organizational Industry (Continued)17n = 398Note: Percentages do not total 100% due to rounding.

18. Demographics: Organizational Sector18n = 397Note: Percentages do not total 100% due to rounding.

19. Demographics: Organization Staff Size19n = 368

20. Demographics: Organization Region20n = 391Note: Percentages do not total 100% due to rounding.

21. Demographics: Organization Operations Location21n = 397

22. SHRM Poll: Assistance Organizations Offer to Help Employees Manage Their Financial Resources.MethodologyResponse rate = 17%Sample comprised of 401 randomly selected HR professionals from SHRM’s membershipMargin of error is +/- 4 Survey fielded October 15 - October 22, 200922