This Toolkit provides a roadmap for HR leaders who are committed to improving the financial health of their employees. The sections of the Toolkit represent the four key stages of designing and implementing a financial health strategy for your workforce.
Take time to understand the diverse needs of specific employee segments and prioritize the most acute challenges.
Conduct a gap analysis and explore the landscape of financial health solutions to meet the employee needs identified.
Design an engagement strategy that removes barriers to access and fosters trust to drive meaningful outcomes.
Use key metrics to track progress over time, learn what works, and adapt to improve employee and business outcomes.
Employees are financially healthy when they spend, save, borrow, and plan in ways that build resilience and enable them to pursue opportunities over time. While there are many societal, community, and individual factors influencing your employees’ financial health, you also play an important role as an employer. By designing your HR strategies, policies, and practices with an eye toward improving financial health outcomes, you have an opportunity to improve employee well-being and business performance at the same time.
The Financial Health Network would like to thank the following individuals who reviewed drafts and provided valuable feedback on the content of this Toolkit:
Monica Andry, University Federal Credit Union
Brandt Bennett, Bank of America
Brent Bordson, Target Corporation
Jeff Cain, Principal Financial Group
Jamie Chandler, University Federal Credit Union
Tamara Cyar, University Federal Credit Union
Matieu Despard, UNC-Greensboro and Social Policy Institute at Washington University in St. Louis
Ellen G. Frank-Miller, PhD, WORC (Workforce & Organizational Research Center)
Miriam Freeman, JPMorgan Chase & Co.
Shaheen Hasan, Target Foundation
Sarah Kalloch, Good Jobs Institute
Lori Lucas, Employee Benefits Research Institute
Stephen Morrison, Dalberg Design
Tyler Spalding, PayPal
Lee Reed Zarnikau, Words Editing & Writing Services
The opinions and recommendations in this Toolkit are of the Financial Health Network and do not necessarily represent the view of our funders, partners, or those acknowledged.
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