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Developing an Effective Financial Wellness Program

Learn how a financial wellness program would benefit your company and employees.

Employers offer smoking cessation classes to help their workers stop smoking. Exercise classes help employees stay fit. Nutrition classes help employees make better food choices. All of these wellness programs demonstrate that organizations care about the health and well-being of their employees. However, none of these wellness programs address the financial stress that impact a majority of their employees. This material will help the persons responsible for benefits and wellness programs to understand what financial wellness is, how financial stress affects both the employee and employer, and how to create a financial wellness program that will positively impact the lives of your employees. The information also explains how to engage employees in a financial wellness program and how to create a cost/benefit analysis for the program. Employees are stressed about their finances and do not know where to turn for help. Creating a financial wellness program is one way to support your employees while also increasing your bottom line.

89 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is Financial Wellness?

  • Definition of Financial Wellness
  • Why Financial Wellness Is Important
  • Most Benefit and Wellness Programs Don't Address Financial Wellness

Why Your Employees Need a Financial Wellness Program

  • Statistics
  • How We Go Here - Lack of Financial Education and Unbiased Resources
  • Impacts of Financial Stress on Personal Lives and the Workplace

How to Create a Financial Wellness Program

  • Knowing What Your Employees Need (and It's Not Another 401(k) Presentation)
  • Using In-House Knowledge
  • Partnering With Outside Organizations

Calculating Benefits/Payback of Creating a Financial Wellness Program

  • Employer Benefits - Worksheet to Estimate Payback of Financial Wellness Program
  • Employee Benefits - Reduced Stress, Improved Relationships, Improved Financial Awareness

Creating Employee Engagement With a Financial Wellness Program

  • Introducing the Topic in an Empathetic Manner (Providing Education, Support, Confidentiality)
  • Why Employees Would Want to Attend a Financial Wellness Program - Fun, Prizes, Gifts
  • Modeling Financial Wellness and Celebrating Success
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 20, 2021.

Call 1-866-352-9540 for further credit information.

  • HR Certification Institute 1.5
     
  • This E-Learning program has been approved for 1.5 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Alison Hinson

Alison Hinson

Alison Hinson MBA, LLC

  • Owner of Money Matters – Expert Answers to Financial Questions (alisonhinson.com)
  • TV host, radio host, and writer on financial topics
  • Maine Association of Broadcasters Radio News Award, Third Place, Public Affairs
  • Creator of a 6-week and 10-week program to help people manage their finances
  • On-air host, business college adjunct faculty member, certified business teacher
  • Author of multiple articles on personal financial topics
  • MBA degree, Ohio University
  • Can be contacted at 207-671-1491 or [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 408850
Published 2021
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