New NFEC Survey Indicates High Support for Employee Financial Wellness Programs
LAS VEGAS, September 7, 2021 / PRNewswire / – Companies in the United States are becoming increasingly aware of the need to improve the financial health of their employees. This has many advantages – from increased productivity to higher job satisfaction to lower employee turnover. The National Financial Educators Council (NFEC) conducts an annual survey to evaluate support for employee financial wellbeing programs and to examine how employee financial wellbeing relates to various employment measures.
The results show clear connections between people’s financial situation and their work experience. There were a total of 1,747 responses to 3 survey questions and the results were collected between August 12th and September 1st, 2021. The following is a summary of the questions asked in the NFEC Employee Wellbeing Survey:
Would you have a more positive opinion of an employer offering personal finance training? Yes – 45.6%, No – 54.4%
Would you be more productive at work if your personal financial situation was more secure? Yes – 48.4%, No – 51.6%
Would you be happier with your salary if other areas of your personal financial situation improved? Yes – 50.4%, No – 49.6%
The full results can be found at: https://www.financialeducatorscouncil.org/employee-financial-wellness-survey/
As Vince Shorb, NFEC CEO, commented, “These findings are in line with what we have anecdotally hear from employees in the US People are concerned about their financial situation and value employers who provide their employees with world-class financial wellness programs.”
The NFEC conducts this survey every year near the Labor Day holidays. Labor Day honors the workers who advance and strengthen our country. Labor Day was originally launched by a group of trade unions and became a national holiday in 1894. The holiday is an opportunity to honor the workforce for their contribution to building a brighter future for both Americans and the world community.
NFEC is an IRS recognized benefit corporation whose mission is focused on providing high quality financial wellness programs to employees. NFEC’s social impact company has helped develop thousands of programs over the past decade to reduce the cost and time of program development while providing tools and training that increase program impact.
SOURCE National Council for Financial Educators