Updated on August 5, 2021
Your health affects just about every area of your life. And when you feel sick or stressed, it can negatively impact not only your personal life, but your professional life as well.
That’s why many employers now offer wellness programs. Focusing on physical, mental, and financial health, companies aim to keep employees at the top of their game and often include incentives for participation.
The idea is that if employees are physically healthy, mentally fit, and financially stable, they can concentrate on their jobs and perform better. Employers benefit because their employees are more productive, and employees benefit because they gain the support they need to improve their lives both at work and outside of the office.
Growing Emphasis on Financial Health in the Workplace
As statistics show, personal finances are a major cause of stress for most Americans.
Because of this, a focus on providing well-being programs in the workplace is growing nationwide. According to the 2020 KFF Employer Health Benefits Survey, 81% of U.S. employers with 200 or more employees offered workplace wellness programs.
Financial education may help reduce employees’ stress, which translates to more engaged employees. Offering financial wellness resources may also help attract and retain quality employees.
PSECU Offers Free Financial Wellness Resources for Businesses and Their Employees
We care about the financial health of our community members. That’s why we offer free financial wellness resources to our Select Employee Groups (SEGs) through our bank-at-work program.
Not only does becoming a SEG make employees eligible to join PSECU and take advantage of low-cost financial services, but the resources we can offer them through our financial wellness program, WalletWorks, can help improve their understanding of finances through free online resources, live webinars, and more.
Giving employees access to a workplace wellness program often creates a more engaged and dedicated team. Corporate wellness programs show workers that their employers care about their personal well-being in addition to the work they do, which can be a great incentive to stay with a company for the long haul.