Mission: To promote and facilitate financial education in the workplace. The Personal Financial Wellness Scale™, ROI Calculator™, the Financial Education Providers List, as well as other resources will enable employers to understand that employees who have their finances in order will be more productive.

Companies providing financial education show results that include Improvement in workplace productivity, employee morale, and company loyalty while reducing absenteeism, turnover, workplace distractions, and operational risk across the company. Financial education programs have the effect of contributing hundreds of thousands of dollars each year to the company’s bottom line. The ROI generally has a return of 3:1. Click on ROI Model and use the ROI Calculator™ to estimate the benefits for your company.

Featured Employer
McLeod Health's Financial Wellness Programs Drive Bottom-line Results.

More than 450 McLeod Health Employees have been through the financial education initiative at McLeod Health in Florence, South Carolina.  The results have been absolutely phenomenal, with over $1,476,000 in debt paid off or new savings generated during the 13 week class!  Further, the average financial wellness of class participants has increased over 43% as measured by the Personal Financial Wellness Scale™© assessment tool from the Personal Finance Employee Education Foundation. Before taking this course, participants’ average Financial Wellness score was 4.3 out of a possible 10. After the 13 week class, the scores improved over 2 points to 6.3.

“These results are even more remarkable considering the current economic climate at a time when most people in the U.S. are very worried about their personal financial well-being," said Shannon Carr, Assistant Director of Employee Relations at McLeod Health. “It has been incredible seeing employees, family members, and accountability partners get excited about taking control of their money."

Here is a quick look at McLeod Health's results since they began the financial education initiative in September, 2008:
•       Over 450 participants
•       94% "graduation" rate
•       About $1.5 million in overall financial improvement
•       More than 500 credit cards destroyed

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