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Help your employees with their financial education. You can find an organization to provide these service by going to PFEEF.org and click on Quality Providers. |
Increase Your Company's Productivity through Financial Education
Employers can now estimate the value of providing financial education workshops to their employees through our ROI (Return on Investment) calculator. Go to www.personalfinancefoundation.org
one of our affiliated organizations to educate your employees through workshops, online courses, or money coaching, we will work with you to do pre-and post-testing to show how your company has increased its productivity.
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| Opt-in/Opt-out PFEEF does not send or condone the sending of unsolicited commercial email. Subscribers are added to our electronic newsletter on an opt-in permission basis and may unsubscribe through links in every mailing. |
Personal Finance Employee Education Foundation
1940 Duke Street, Suite 200
Alexandria, Virginia 22314
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Save the Date - Sept. 9, 2012 "Financial Wellness at Work" with the Employee Benefit News Conference in Phoenix, Arizona |
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Welcome to the Personal Finance Employee Education Foundation Newsletter
Please join others in staying informed about the importance of workplace financial education through our monthly newsletter. We appreciate your interest. |
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More Employers Offer Financial Education
The Society for Human Resource Management found that 30% of employers this year provided workers with personalized financial advice, while 24% offered financial advice through a class and 22% provided online expertise. The increase in financial education comes, in part, as employers curtail benefits to save money.
"Companies are trying to manage insurance costs, and having a workforce that has a thorough knowledge of their benefits and options help them to do this," said Melora Heavey, a spokeswoman for the American Institute of Certified Public Accountants. click here for the full story
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MetLife Finds Employee Financial Wellness a Growing Global Concern for Employers
As the effects of the recent financial crisis continue to spread across the globe, financial stress is an issue for both women and men. MetLife's 9th Annual Study of Employee Benefits Trends found that 58% of employers state that financial "illness" plays a role in employee absenteeism and 78% said that concerns over financial problems while at work can have a negative impact on employee productivity. And it has been estimated that 15% of workers are experiencing stress from their poor financial behaviors to the extent that it reduces their job productivity. click here for the full story |
A report from Wider Opportunities for Women finds that 45% of Americans do not have basic economic security in their day-to-day lives. The measurement includes ability to pay for household items such as food, transportation and health care, as well as a small amount for emergencies and retirement. The problem is even more acute among single mothers and minorities, who typically have smaller wages than white males. click here for the full story
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PSCA's 2011 401(k) Plan Response to Current Conditions Survey Report is Now Available
401(k) and Profit Sharing Plan Response to Current Conditions reflects responses from 523 companies that currently sponsor a defined contribution plan. Data in this survey is often categorized by plan size. Plan size is determined by the number of active participants in the company's plan.
Please note that the figures in the survey do not always add up to 100.0 percent due to rounding.
Each section includes graphs that illustrate some of the data. These graphs do not necessarily correlate directly to a data table. A copy of the survey questions can be found on pages 17-18.
Please direct questions or comments to research@psca.org or call 312.419.1863 click here for the full story
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