St. Louis, MO (PRWEB) November 27, 2012
Financial wellness and education company, Four Seasons Financial Education, is helping American companies align their wellness initiatives to emphasize both physical and financial health to target decreased costs and greater profits. The American Psychological Association has named money the number one cause of stress among Americans today. This stress, caused by personal finances, affects physical health for employees and profitability for employers.
“Many companies already have wellness initiatives in place for physical health and have 401(k) consultants for retirement help, but no one is bringing it together,” says Travis Freeman, President of Four Seasons Financial Education. “Not only do we bring all the players together, we fill the gaps that no one is addressing, such as college planning, budgeting and taxes. This makes everything easier on the HR department and more helpful to the employees.”
Tim Hobart, CEO of H&H Health Associates, a workplace wellness and employee assistance provider, says his firm has seen a three-fold increase in the number of finance-related concerns from employees since the start of the recession. “With how much help employees are seeking in the area of personal finance, it only makes sense for employers to include financial education in the wellness package,” says Hobart. “Our clients appreciate that we work as a team with their financial education vendors. We are all working toward the same goal, so it just makes sense.”
Employers are also beginning to include both health and financial educational material together in one campaign so employees see it as a single package. Many employers are also providing rewards to employees for the use of the entire wellness program.