The impact of financial stress can lead to impaired focus, health, absenteeism, performance, and unintended consequences in the workplace. These factors reveal the need for plan sponsors to help improve employees’ financial wellness and overall state of well-being.
The definition of financial wellness varies from client to client. Curcio Webb believes financial wellness is more than retirement preparedness, credit repair or debt management. True financial wellness initiatives are broad and deep while focusing on the mission to change lives. Financial wellness is often more than just an online tool because people still need human interaction.
Working with Curcio Webb
Curcio Webb assists our client financial wellness initiatives in the following ways by:
- Creating a definition of financial wellness that is unique to each client.
- Reviewing current offerings because the financial wellness industry is evolving quickly, as are the offerings and the number and types of providers.
- Determining financial wellness goals by helping clients develop a strategy about how financial wellness fits into their current benefits offerings, mission, business strategy, and culture.
- Managing the search and selection of appropriate financial wellness providers, including the dissemination of the plethora of market options.