Putting employees on the fast track to financial health

In the wake of the “great resignation” — and the elevated employee expectations that came along with it — employers are seeking new ways to meet the needs of employees and their families. The availability of workplace financial solutions can help to deliver on this need and close many existing gaps by spurring employees to engage today in order to improve longer-term habits. Financial literacy suggests that a lack of basic financial knowledge leads to costly financial mismanagement.

To measure the impact and effectiveness of financial wellness programs, we partnered with the George Washington University’s Global Financial Literacy Excellence Center to deliver a six-week well-being challenge, “Fast Track to Financial Health,” at a FORTUNE 25 company. Through surveys conducted before and after the challenge, the program evaluated employees’ overall financial well-being, and the role that targeted resources can play in boosting financial knowledge, confidence and future financial decision-making.

In this report, we’ll delve into the findings, sharing the positive impact of the “Fast Track to Financial Health” program on employees’ well-being. We’ll also share steps employers can take to engage employees most at risk of poor financial health, and help every employee make the most of their financial benefits.