Alto Solutions Group, a Virginia-based financial services company, wants to put financial wellness in the palms of employees’ hands. The company will launch its Sherpa personal finance platform in early September, which employers can offer as a voluntary benefit.
Personal finances have a major impact on employee productivity; 59% of employees said financial worries were their number one distraction at work, according to a recent survey by PwC — a global professional services network. Employers are taking notice; a 2018 Willis Towers Watson survey says 69% of employers plan to include voluntary benefits, like financial planning tools, in their offerings within the next five years. Alto Solutions executives said they saw an opportunity to provide the next must-have benefit.
