Financial Wellness in the Workplace

Employee Financial Stress

  • New research shows that more than half of Australians are struggling financially. This is up from 39% in 2022. The Australian – 15 January 2024

  • *The number of Australian workers severely stressed about their finances is at record highs, (approximately one million Australians) having more than doubled since 2020.

  • *Financial stress is costing businesses and the economy an estimated $66.8 billion, twice the 2020 result

* Source: AMP’s Financial Wellness Research 2022

Our Strategy

  • Our income optimisation system teaches how the financial system works and how to get ahead in it.

  • When you successfully track your money, remove debt, and establish a full emergency fund, there are no obstacles preventing us from living the life we were destined for.

Our 6 Step Process

  • All team members are invited to engage in our 6 Step Financial Wellness process.

  • The first step is to complete our Financial Wellness and Discovery Questionnaire.

  • Then the fun begins!

Accountability Process

  • Every employee has the option to select their level of accountability based on how deeply they wish to engage with the program.

  • We will set the tasks and reminders accordingly.

  • Regular Financial Wellness content fortnightly.

Company Branded Portal

  • Online platform.

  • What’s inside:

  • 6 steps to Financial Freedom.

  • Learn at your own pace.

  • Financial Tips and Tricks Content delivery.

  • Easy to use educational platform.

  • Tips and Trick to Financial Freedom E-Book.

  • Tools and Guides.

  • Meeting booking facility.

  • We focus on non-product-based content that helps users make informed choices.

Employee Engagement

  • Employees will receive merch as part of our engagement process.
    Tees - Hoodies

  • This concept is designed to trigger recognition of the Financial Wellness in the Workplace and promote engagement.

  • Fortnightly Financial Tips and Tricks Newsletter with YouTube Clip.

The Employer Dashboard

  • Employee engagement Fields.

  • Total Company Financial Wellness Score.

  • We ask employees to retake our Financial Wellness Questionnaire each time the progress a step as well as each year.

  • Our purpose is to move the needle in the right direction.

Employers ROI

  • Absenteeism and lateness:

  • One study found employee financial stress caused a 34% increase in being late or absent from work.

  • Employees with money worries miss 5 workdays per year, almost double that of employees with Financial Wellness.

  • Employees with financial stress are 2 x more likely (42%) to be looking for a new job than those without.

  • The Consumer Financial Protection Bureau (USA) said employers typically see a return of $3.00 for every $1.00 spent on a Financial Wellness Program.

  • We have 2 main goals with our Financial Wellness Program:

  • To help employees an improved state of financial wellbeing and ultimately happiness.

  • To achieve employer goals such as improving productivity, raising morale and reducing turnover rate.

Feedback from Financial Wellness (In the Workplace) Program Participants

"I wanted to express our heartfelt appreciation for your invaluable support in managing our household finances. We are genuinely thrilled because having a concrete plan in place has already relieved some of the financial burden, and it has instilled a sense of optimism for the future. "

"We eagerly anticipate embarking on this journey towards financial freedom and are genuinely grateful for your guidance. I showed the misses and both of us are in a bit of disbelief that we can save something like that, but we’re both on to make it happen."

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