St. Louis, MO (PRWEB) November 30, 2013
Financial wellness firm, Four Seasons Financial Education, today announced the top three workplace financial wellness myths:
1) They aren't worth the money - Like any corporate wellness program, they cost time and a little capital. However, if implemented correctly they have the potential to give a strong boost to the bottom line. According to the Personal Finance Employee Education Foundation, a non-profit focused on workplace financial education, employers can expect a return on investment ratio of three dollars to every dollar spent.
2) Employee won't use it - An article published by the Society for Human Resource Management cited that 52% of employers were using financial education programs for employees in 2012. Employees often seek help from HR departments on issues such a 401(k) loans and retirement planning. With over half of employers offering programs, employees' requests are being answered.
3) They won't work - According to Financial Finesse, 92% of employees who participate in financial wellness programs make at least one major improvement to their finances within 30 days of participating. They key is to continue keeping employees accountable. Just as going on a diet must be long-term, so must financial wellness.
About Four Seasons Financial Education
Four Seasons Financial Education provides workplace financial wellness and education services to companies throughout the US to help them improve their bottom line. We take a strictly academic approach to financial education and focus on the core areas of personal finance which may help increase employee productivity and organizational performance. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.