Financial wellbeing has become more than a ‘buzzword’ now. It is a critical parameter that is directly linked to an employee’s quality of life, opportunities one can pursue, the sense of security, and the society’s overall economic health. Despite its importance, we don’t learn about it in high schools, universities, or even at the workplaces. Today, financial problems have become the top source of stress for both women and men. What is the solution? A well-thought-out financial wellness education program through which employers can help their employees with short-term and long-term financial issues. Also, by implementing financial wellness programs, employers can enjoy the benefit of having happier, healthier, and more productive workforce.
Many organizations already have various financial wellness and employee assistance programs in place. These organizations do provide financial planning solutions that offers a comprehensive view of their employee’s monetary situation. While the intentions behind the financial wellness programs are good, sometimes it tends to overwhelm employees. For employees in stressful situations, complex financial planning can be intimidating. To counter this, organizations are now looking to design holistic programs from an employee’s perspective, which is simple and yet effective in mitigating their financial, mental, and physical health issues.
At this juncture, many financial wellness solutions and services providers are entering the domain with advanced and integrated offerings. To help the financial wellness sector strengthen its operational capabilities and simultaneously enable growth in the sector, HR Tech Outlook has compiled a list of the top 10 financial wellness solutions and service providers. The list comprises prominent organizations in the industry that address issues pertinent to the financial wellness sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CHROs and CXOs.
We present to you HR Tech Outlook’s, “Top 10 Financial Wellness Consulting/Service Companies – 2020.”
