Keeping track of personal finances reduces stress and improves the quality of life for many people. In addition, it helps to make employees more productive because they don’t have to worry as much about their debts or other money problems. Sensible employers look more closely at financial well-being as a benefit to their employees. It is a service that everyone in an organization deeply appreciates.
It does more than increase productivity
Financial well-being benefits organizations in more ways than getting more out of employees. Stress and anxiety can lead to depression and increased use of sick leave. Helping hard-working employees with their finances improves their peace of mind and contributes to their physical and mental health. In addition, it benefits an organization with reduced sickness absence and a more affordable experience with health insurance claims.
Components of good use
This type of employee benefits must be designed so that all members of the organization can use it. Additionally, it means addressing the concerns of different demographics. For example:
- College debt is something young employees are concerned about. Helping them manage that responsibility allows them to concentrate more on business goals.
- Older employees worry about their medical bills. Even a good health insurance plan has deductibles and copayments that can hurt a person’s finances. To better cover medical expenses, financial well-being means a lot to senior employees.
- Employees with young families may be looking forward to buying a home but don’t know how to go about it. If there is advice and guidance on how to buy the first home, it allows these hardworking people to realize cherished life goals.
- Everyone gets concerned about credit card debt and the ability to structure a personal budget. A counseling session with a professional allows all employees to get a better handle on credit cards and develop a way to manage their money on a daily basis.
Nationwide Prepaid Legal Services has a financial wellness benefit that aims to help people manage their money. What we provide is something every employee can use.
Based on Professionals
Nationwide benefit makes use of a nationwide network of certified advisors. These experts work with ordinary people to give them a better understanding of personal finance. Suggestions on how to trim credit card debt, develop a workable personal budget and meet regular and extraordinary bills are part of the service. Countrywide also has programs for first-time buyers and those who unfortunately find themselves in a very serious financial crisis.
Our advisors are recruited for emotional intelligence. They need to have the courtesy and empathy necessary for people to feel comfortable discussing their financial challenges. Our counselors are good listeners, and they are not stern preachers. It’s about helping ordinary individuals do a better job of managing their money and creating financial well-being.
The customer is directly involved in working out their benefit. Nationwide will be asking policy makers to look at services we can provide. If they have questions, we answer them fully and show them how Countrywide can make a positive difference. Management then decides which services should be included in their organization’s plan. Countrywide provides member services and administration of the benefit. In addition, we maintain a transparent relationship with all our customers. Countrywide resolves all issues as quickly as possible.
An employee feels empowered when they are in charge of their finances. They have a better frame of mind and appreciate what their bosses do for them. Financial wellness is arguably one of the best employee benefits any organization can offer. Nationwide happens to have one of the best in the business.
Do you want to know more about what we can do for you? We really hope you have some questions for us! Feel free to contact us as soon as you want. We offer a service that your employees will be glad you offer them.