Grokker is expanding into financial well-being with our new “7 Steps to Financial Wellness” program. Designed by renowned financial analyst, planner and author, Manisha Thakor, the program empowers employees to better manage their money and reduce their financial stress via a series of informative, fun, easy-to-follow videos. Manisha Thakor, who earned her MBA from Harvard Business School, is a regular contributor to CNN, CNBC, NPR and The Wall Street Journal.
Two years ago, a few of our clients began asking for content around financial well-being. Soon it went from a couple to virtually all of our clients saying financial issues are a critical stress factor for their employees.
According to a 2017 PWC Employee Financial Wellness Survey, approximately one-third of employees report being distracted by personal financial issues while at work, with almost half of them spending three hours handling these matters during the work day each week. This means your workforce is preoccupied during the work day about whether they can pay off their student loans or afford retirement, rather than focused on their job, which is not a recipe for productivity.
The reality is that most employees don’t even know how to calculate their net income! It can be overwhelming and frankly scary for employees to examine their finances. That’s why our approach to financial well-being is to ease employees in toward understanding and to build their confidence. Grokker teaches employees the personal finance basics with our expert video series and printable workbooks which help them master practical concepts.
Beyond reducing stress; focusing on employees’ financial literacy can help you maximize your existing employee investments. If you’re already paying for a 401k, financial advisor services, or tuition reimbursement, you want to make sure employees are taking advantage of those benefits. Financial well-being programs like Grokker’s give employees the knowledge and confidence they need to take those crucial first steps. With that foundation, your employees will then be prepared to make the most of the financial resources offered by your company.
Ask me about our new financial wellness program!