Financial wellness isn’t a “nice-to-have” benefit anymore — it’s a critical offering for employers who want to keep their most talented employees, UBS executives say.
The wealth management giant recently surveyed more than 1,200 U.S. employees across multiple industries to determine how financial wellness programs impact employee experience. Conducted in April and May — some of the worst months in the COVID-19 lockdown — the survey found that 82% of employees who were participating in financial wellness programs felt more confident and knowledgeable about their money management. For those not enrolled in a financial education program, only 42% felt they understood personal finances.
