The Average Employer Loses $7,000 Per Employee a Year Due to Financial Issues in the Workplace*
As an employer, it can be easy to think your employees’ financial stress does not necessarily concern you, but in a lot of ways, it does.
For example, if an employee is struggling with credit card debt or their student loans, they are probably dealing with it on company time. Every minute they are focused on their financial issues is another minute they are not working—and that impacts the company’s bottom line. In fact, 39 percent of employees spend more than three hours a week thinking about or dealing with their personal financial issues.* That’s more than 150 hours a year!
So, do you still think your employees’ personal financial issues aren’t your concern?
Fortunately, employers do not have to deal with this issue on their own. Rena-Fi can help.
Rena-Fi Group Account
Rena-Fi’s behavior finance platform isn’t meant just to help individuals improve their financial literacy. Our services are also available to businesses to offer their employees so they may get a better handle on their finances—giving them more peace of mind and in turn making them more productive at the office. Think of a Rena-Fi Group Account as an additional benefit your employees can enjoy—much like their health insurance and 401(k).
With Rena-Fi, your employees will learn how to improve their financial situation now, as well as tricks to maintain that success in the future. Additionally, we will help improve your employees’ financial literacy not just by crunching numbers, but also by exploring the behavioral traits that impact their financial decision-making.
By signing up for a Rena-Fi Group Account, you and your employees will receive:
- Access to Rena-Fi’s UPLift Challenge
Every day, employees receive a prompt based on a monthly financial literacy topic to keep them learning, accountable and help reinforce their mastery of that topic. This simple, straightforward program includes an inspiring quote, a guiding principle to help maintain focus, a core exercise and a daily prompt that can be done in about 10 minutes.
- Unlimited Content Access
This access includes past webinars, workbooks, videos, articles, tips from professionals, infographics and more
- Live Webinars
Employees can sit in on mindshare and mastermind discussions, professional roundtables, learn about various behavioral financial topics and pick up new financial tips and strategies.
- Hosted Video Workshops and Chat Rooms
In this setting, employees will consume focused content that touches on the basic principles of financial literacy. Qualified financial educators will lead these sessions, which are made up of small groups. Employees can also expect to get one-on-one attention during these sessions.
Rena-Fi’s financial literacy workshops will help empower your employees and staff, but they aren’t the only ones who will benefit. By implementing a financial literacy program in the workplace, employers can expect:
- Increased employee productivity
- Decreased absenteeism
- Improved employee morale and loyalty
- Lower medical costs and insurance premiums
These factors could have a positive impact on your business’ bottom line. If an employee knows they can improve their financial literacy at work as well as their financial well-being, chances are they’ll be less stressed and in turn more productive. The less time they’re concerned about their finances, the more they will be focused on work. Everyone wins!
Sign up for a Rena-Fi Group Account today
Almost a quarter of employees have reported that their personal financial issues have distracted them at work.* Help your team members eliminate those distractions and stress and sign them up for Rena-Fi. We will bring them solutions that can help improve their financial literacy, make better money decisions in the future and how to tackle any outstanding debt they may have. By reducing your employees’ financial stress today, you can increase their productivity tomorrow—and beyond.