Financial Advice & Coaching
What is Financial Advice & Coaching?
Financial coaching is a service aimed at helping employees improve their financial literacy and wellbeing by managing personal finances more effectively. It involves providing access to trained financial coaches or advisors who can guide employees on budgeting, saving, debt management, retirement planning, and overall financial wellbeing.
Benefits to Employer
Offering financial coaching can reduce financial stress among employees, leading to better productivity and focus at work. Finance-related stress can contribute to absenteeism, reduced performance, and mental health issues. By providing access to financial coaching services, employers show that they care about their employees’ financial wellbeing.
Benefits to Employee
Tailored financial advice can help employees manage everyday finances, plan for the future, and achieve their financial goals. By gaining better control over their financial situation, employees can reduce stress and anxiety, leading to improved mental wellbeing. Financial coaching empowers employees to make smarter decisions, whether that involves managing debt, saving for a house, or planning for retirement, contributing to overall financial security and quality of life.
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Ben is easily the most engaged initiative we’ve ever had. It gets everything to everyone in different locations, and I can’t even tell you how much time it’s saved us.
