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Financial Wellness Justin Bennett Strong Tower Consulting

Financial Wellness Overview

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Increase employer profits while helping employees reduce stress!

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Page 1: Financial Wellness Overview

Financial WellnessJustin Bennett

Strong Tower Consulting

Page 2: Financial Wellness Overview

Imagine

What would it be like to have a more focused and stable workforce that increased their productivity at work while transforming their lives?

Page 3: Financial Wellness Overview

Workplace Performance

40% of Americans worry about their money at work.◦ Dave Ramsey

Average employee wastes 16-20 hours/month worrying about their finances at work.◦ Personal Finance Employee

Education Foundation

Page 4: Financial Wellness Overview

Example (Company XYZ)

Company XYZ◦100 Employees◦40% Admit Loss of Productivity◦$30,000 Average Wage/Year◦16 Hours Wasted/Month (10%)

What is That Costing You?

Page 5: Financial Wellness Overview

The Cost to Your Business

$120,000/Year ◦That’s not including the cost of

Turnover Absenteeism Low Morale Additional HR Expenses

Page 6: Financial Wellness Overview

Outstanding 401k Loans!

Almost 30% of Americans have outstanding loans with their 401k’s.- Business Record 2011

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Most American’s Are Not Saving!

64% of Americans do not even have $1,000 saved for emergencies.◦ National Foundation for Credit

Counseling

Over 60% of Americans do not systematically save for retirement.◦ Scott Trade, 2010

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Where Are We Headed?

41% of adults would give themselves a personal finance grade of C, D or F.

80% of adults would benefit from advice and answers to everyday financial questions from a professional.◦ Harris Study, 2009

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Solution

Financial Wellness At Work!

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What Are the Benefits?

Employee Employer

Eliminate DebtSave MoneyBudget That WorksRetire With DignityStrengthen FamiliesEmpower Singles

Increased ProductivityBoost MoraleReduce AbsenteeismBenefit ParticipationMore Loyal

Employees

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Their Results!!

Going From… To…

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Your Company’s Results!!

Going From… To…

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Return on Investment (ROI)

There is 3:1 ROI to the company that invests in a good financial wellness program. – Personal Finance Employee Education Foundation

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How Can I Find Out More?

To find out how Strong Tower Consulting’s financial wellness program can benefit your business and your team contact Justin today!