Are you a Human Resources or Benefits Director, Business Owner, or CFO?
Are you seeing the following from your employees and team members?
Increased 401k loans
Requests for emergency assistance
Turnover due to a higher paying jobs
Lack of focus and productivity
Financial stress among employees directly impacts your company’s bottom line. When your employees are worried about how their bills are going to get paid, they simply are not as focused on their job as they should be.
Not investing in your employees’ Financial Wellness can cost you thousands of dollars. The results demonstrate that employers are seeing an average Return on Investment of 5 to 1 on this type of benefit program. Is your organization ready to start supporting your team members’ financial goals? Are you ready to start seeing an increase in productivity and improvement in your bottom line? If a Financial Wellness program is something your organization is ready to explore, let’s get started!
The Money Mom works with start-ups, nation-wide corporations, and everything in between. Through a partnership with the My Money Wellness national team of coaches, we can provide you one consistent financial wellness program across your varied campuses.
Our program consists of three elements:
Financial Wellness in the Workplace helps to REDUCE:
Outstanding 401k Loans
Number of Garnishments
Employee Turnover Rates
Absenteeism Across Company
Financial Wellness in the Workplace helps to IMPROVE:
Dependent Care Spending Accounts
Healthcare Premium Savings
Healthcare Spending Accounts
Productivity and Profitability
These outcomes are achieved by teaching the following Financial Skills to your employees as part of our program:
Stop spending more than you make. (NO MORE CREDIT CARDS!)
Establish a monthly budget and cash flow plan.
Establish an initial $1,000 emergency fund.
Ensure a sound financial plan is in place; including, a 3-6 month emergency fund, retirement and college savings, wills, insurances, and other investments.
Establish a plan to eliminate ALL debt except for the house.
Identify areas to reduce expenses.
Establish a cash envelope system.
How Do I Get Started?
To establish a top-notch Financial Wellness program that meets the needs and available resources of your organization, follow these six easy steps:
Schedule an initial consultation with one of our expert financial coaches.
We will identify why your organization may want to implement a Financial Wellness program. We can meet in person or over a video-conference. Please use our online scheduler to choose a date and time that is most convenient for your schedule.
After scheduling the Consultation, complete our brief online Member Registration questionnaire
Please fill out this form online prior to our scheduled appointment so we can come prepared with an initial understanding of your organization and your potential Financial Wellness needs.
Review our educational tools which includes a combination of the following:
• My Money Wellness Portal
• One-to-One Coaching
Send a confidential survey to company employees.
Results from the employee survey are sent to The Money Mom and reported back to your organization. This survey will help us better understand the Financial Wellness needs of your employees so we can tailor the program to best fit your organization.
Identify your organization’s budget.
To help define the scope and breadth of the Financial Wellness program, we need to understand what your organization has budgeted for the implementation of a Financial Wellness program.
Follow up meeting with your expert financial coach.
We’ll meet to discuss your organization’s survey results and we’ll match your team’s needs with your company’s budget!