Financially Fit Employees™ (FFE)™, an employee benefits service, is projected to help companies save their share of the $250 billion wage loss by addressing unnecessary financial stress amongst employees. The program is now available across the U.S. with an interactive, user-friendly interface presenting scientifically-tested and proven services for corporations of all sizes and individual employees.
Inspired by Founder and CEO Kimberly Greenman’s, Ph.D., dissertation findings, FFE™ uses proven methods to increase financial wellness while simultaneously increasing employee productivity. Research throughout the field has suggested employees can be motivated more by a sense of financial wellness than by a higher income. Providing benefits for employees through a dynamic and individualized system has shown to be effective and ease corresponding financial stress and lost profits for companies.
“Throughout the research process, it became clear that America’s middle-class struggles to engage in the financial behavior needed to meet desired financial goals,” said Dr. Greenman “Working alongside 15 companies, allowed the research to have real-life implications as well as depict the impact of exposure to financial saving orientation and the power of incremental saving intervention.”
Services within FFE™ that promote an increase in employee financial wellness include one-on-one financial coaching for employees; community platform for posting individual financial goals and ideas; online financial wellness training; personalized private financial wellness reports and cash incentives for employees to engage in financial wellness services. To date, FFE™ is the only benefits service using these methods to promote employee financial wellness with proven results. To gauge employee progress, company administrators receive aggregated quarterly reports of employee performance and wellness.
“It was an eye-opening experience for my employees to realize that it is within their power to begin saving for their future now,” said President of Stedham Electronics David Stedham. “They realize that they can afford to put even a small amount into savings without affecting how they live today.”
Research suggests as companies engage quality financial wellness services for their employees, employee satisfaction increases up to 78 percent, employee engagement up to 68 percent and employee productivity up to 57 percent. See Workplace Benefits Report, 2015. According to the Workplace Benefits Report, 2017, 86 percent of all employees are willing to participate in financial wellness services when they’re provided by their employer. For more information on FFE, visit www.financiallyfitemployees.com.