Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
April 28, 2017
Survey: ‘Wellness’ Programs Increasingly Encompassing Financial Wellness

A growing percentage of companies are expanding their well-being programs to include employee financial security, according to the 8th annual survey on corporate health and well-being from Fidelity Investments and the National Business Group on Health.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

financial wellnessThe survey reveals 84% of companies now have financial security programs, such as access to debt management tools or student loan counseling, in their well-being strategies, an increase from 76% last year. Financial security programs are the third most-popular offering, following physical well-being programs (95%) and emotional health programs (87%).

This year’s survey, which includes responses from 141 large and mid-sized organizations, indicates that employee incentives continue to be a critical part of corporate well-being programs. Nearly three-quarters of employers (74%) include employee incentives, with the average employee incentive amount increasing to $742, up from $651 in 2016 and $521 in 2013. Employers are also increasing incentives for spouses and domestic partners, with the average annual spouse/domestic partner incentive at $694, a 47% increase over the 2016 average of $471.

“As these programs evolve, employers are embracing a broader definition of well-being to increase participation and engagement among their workforce,” said Adam Stavisky, senior vice president, Fidelity Benefits Consulting, quoted in a press release. “Today’s programs take more of a ‘health meets wealth’ approach and reflect a blend of financial, physical, and social/emotional programs to provide maximum support for members.”

The most popular financial security programs are seminars and “lunch-n-learn” programs, with 82% of surveyed employers expecting to offer these in 2017. Nearly three-fourths (74%) will offer access to tools to support key financial decisions, including mortgages, wills, and income protection. Another 71% expect to offer tools and resources to support emergency savings, debt management, and budgeting. A quarter of surveyed employers plan to offer student loan counseling or repayment assistance.

The most popular physical well-being programs continue to be smoking cessation (91%), physical activities/challenges (86%), and weight management (79%).

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2017 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: