What Are Employees Seeking in Financial Wellness Programs?

While an increasing share of public agencies are offering financial wellness programs to their employees, interest in such programs is far higher.  This is not surprising, considering significant financial worries stemming from market volatility and inflation.  A recent survey by MissionSquare Research Institute sheds light not only on the overall interest in financial wellness programs, but also in the topics employees would like to see covered and the preferred formats for instruction–from print or in-person to online interactive courses.

Effective employer-based financial literacy programs can improve employee financial health, productivity at work, and even boost overall morale. In today’s tight labor market, offering financial literacy or financial education programs can provide public sector employers with a much-needed competitive advantage as they look to recruit and retain a skilled and diverse workforce for the future.

ICMA Practice Areas: [4] Staff Effectiveness, [5] Personal Resiliency and Development, and [13] Human Resources Management and Workforce Engagement.