QUBER WORKPLACE WELLNESS • 21/01/21 www.quber.ca/employers • [email protected] VOLUME 1 • ISSUE 1 • FINANCIAL WELLNESS DID YOU KNOW? HOW TO: CREATE A FINANCIAL 80% of employees say they want their employer to be offering WELLNESS PROGRAM some form of financial wellness benefits, but only 20% of Financial wellness, simply put, is the ability to have a employers currently do. healthy financial life - speaking about an individual, you Report by MetLife, 2019 could also call it one’s financial health. Though it’s similar to financial literacy, the two concepts are not the same; Nearly 20% of households earning financial literacy denotes a person’s level of financial between $100,000-$150,000 education and skills, while financial wellness is more of a don't feel like they're in control snapshot of someone’s current financial state. This would of their financial situation. include their level of financial literacy, their current bank Survey by Mercer Canada, 2018 balance, how much they have in savings, their ability to manage their debt and how much they owe, their credit 46% of employees say that their rating, their confidence when it comes to money financial situation or money management and so on. management is their single greatest cause of stress, ranking Considering that definition, it should be clear as to why above their workload (17%), financial wellness is so important. Even those with a high personal relationships (15%) and level of financial literacy won’t always be able to manage... health issues (14%). Report by PWC, 2017 Continue Reading FURTHER READING Financial Wellness Programs A NOTE FROM OUR CO- Foster a Thriving Workplace FOUNDER, JEN LEGER A report by MetLife based on their 17th Annual U.S. Employee Benefit Let's face it - employees are stressed and worried. Trends Study from 2019 You're struggling with productivity and engagement in https://www.metlife.com/employee- the office. Before the pandemic, we had similar benefit-trends/ebts-financial- problems, but in the middle of a pandemic, it's 100x wellness-2019/ worse. How can you help your employees right now? Give them exactly what they're asking for - an Four Steps to Building a emergency cushion that will help them get through the Financial Wellness Program hard times. In 2020, we made it super simple for you to By Linda Lewis-Daly, an article written help your employees build a rainy day fund, and teach for Benefits Canada them the very valuable habit of saving money. A number https://www.benefitscanada.com/be of groups across Canada onboarded their employees nefits/health-wellness/four-steps-to- building-a-successful-financial- with us last year, offering tailored match-based savings wellness-program-111508 programs to meet their employees' needs. Employees save money in an emergency fund, and earn automatic Empowering Employees to matched incentives through QUBER. Improve their Financial Take a look at some of our featured clients: Wellness Levi's CANADA: A 2017 report by SunLife Canada https://www.redtabfoundation.org/savers-canada https://www.sunlife.ca/content/dam/ Momentum CALGARY: sunlife/regional/canada/documents/g https://momentum.org/programs-services/manage-your- rs/Bright_Paper_Empowering_Emplo money/savings-app/ yees_to_Improve_their_financial_well Building Up TORONTO: ness.pdf https://www.buildingup.ca/quber-2020/ Moving The Needle on If you want to invest in your employees' financial Employee Financial Wellness wellness this year, we're ready for you. Reach out to me A 2018 report by Mercer Canada directly so we can discuss your needs. https://www.mercer.ca/en/our- thinking/wealth/move-financial- Jen Leger, Co-Founder of QUBER wellness-needle- [email protected] report.html#contactForm 506-988-0041
Enter the password to open this PDF file:
-
-
-
-
-
-
-
-
-
-
-
-