CESI Offers New Program for Employees Facing Financial Stress

Not-for-profit organization launches new program aimed at providing financial relief to employees and maximizing productivity for employers.

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A Gallup poll found that only 18% of employees agreed that their employer provides them with resources to help manage their finances more efficiently.

When the employee's financial stress is reduced, his or her productivity at work increases, and both the employee and the employer benefit.

Raleigh, NC (PRWEB) March 27, 2014

Employee financial stress causes big problems for employers – In fact, research shows that employees who are worried about their finances typically lose productivity in the workplace versus those who feel financially secure. A Gallup poll found that overall financial security has nearly three times the impact of income alone on employee wellbeing. The same Gallup poll also found that only 18 percent of employees agreed that their employer provides them with resources to help manage their finances more efficiently.

That’s where Consumer Education Services, Inc. (CESI) comes in, having just launched its EAP Solutions program to connect employees with the resources they need to reduce financial stress and move toward a secure financial future. Under the EAP program, employers provide CESI’s services to their employees as an employee benefit. All of CESI’s programs are focused on behavior change and financial coaching, which according to the Personal Finance Foundation, can help reduce stress by as much as 50%. When the employee’s financial stress is reduced, his or her productivity at work increases, and both the employee and the employer benefit from the financial coaching.

Employees experiencing financial problems can call their EAP provider to speak with an intake counselor, who will then connect the employee with a CESI Certified Counselor. The CESI counselor will consult with the employee for a comprehensive assessment of the employee’s overall financial situation. The counselor will work with the employee to create a customized action plan that provides ongoing support. From there, depending on their situation employees may be referred to one of CESI’s many services, a few of which include credit counseling and budget assistance, debt management, a access to a suite of personal finance management tools for tracking spending and saving, student loan counseling, or tools and resources for caregivers, older adults, and persons with disabilities. The cost to the employee of using CESI’s services varies by EAP, but the initial consultation with a counselor is always free and additional services may be provided free of charge or at a reduced rate.

CESI’s goal is enhanced economic security for all individuals. In addition to credit counseling and the services previously mentioned, CESI also offers financial education, housing counseling, bankruptcy counseling, bill payment services, and more, all of which are available to EAP clients.