Employer FinHealth Toolkit

Build better employee financial health strategies with this comprehensive guide for HR professionals.

Why Invest in Employee Financial Health?

Now more than ever, employees at all income levels are struggling with their finances, especially those with low to moderate incomes. When people worry about their finances, they struggle to stay focused and productive at work. What’s more, employees have come to expect that their employers will provide wages and benefits that support their financial health.1

Investing in the financial health of your workforce can create a win-win for your employees and your business. But beyond being a smart thing to do, many companies recognize that investing in employee wellbeing is the right thing to do. Caring for the financial health of your workforce shows that you value your employees and the contributions they make to your company’s success.

Building an Effective Employee Financial Health Program

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.

Diagnose Needs

Take time to understand the diverse needs of specific employee segments and prioritize the most acute challenges.

Get Started

Identify Solutions

Conduct a gap analysis and explore the landscape of financial health solutions to meet the employee needs identified.

Get Started

Design for Engagement

Design an engagement strategy that removes barriers to access and fosters trust to drive meaningful outcomes.

Get Started

Measure Impact

Use key metrics to track progress over time, learn what works, and adapt to improve employee and business outcomes.

Get Started

What Is Employee Financial Health?

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.

Finhealth Score spend save borrow plan graphic

How Do I Use This Toolkit?

How you use this Toolkit will depend on where your company is on its financial health journey.

For most companies, especially those just beginning to design financial health strategies, it is important to work through the sections of the Toolkit sequentially as each stage builds on the previous ones. If your company has already taken steps to understand your employees’ financial health needs and rolled out solutions to address them, the later sections of the Toolkit might be more relevant to your current efforts.

However, it’s important to remember that this is not a journey with a clearly defined end. Rather, it is a cycle that should be repeated again and again as you better understand needs, deploy new solutions, see greater engagement, and learn what works to improve outcomes for your workforce and your business.

We encourage you to come back to the Toolkit for fresh insights as your efforts evolve. We will continue to update the Toolkit with new tools, insights, and employer case studies.

How Can the Financial Health Network Help?

This Toolkit is designed to be an all-in-one guide for HR leaders. Yet we recognize that not all companies have the resources or expertise to independently execute all of the strategies outlined in the Toolkit. Making sense of the vast and growing landscape of employee wellness solutions in the marketplace can also be a challenge. That’s why the Financial Health Network offers expert advice and peer support to help companies design and implement best-in-class employee financial health strategies.


Diagnose Needs

Get Started

More Opportunities to Learn and Connect

Our FinHealth Experts Are Here to Help

Contact Us

Join Our Employer FinHealth Forum


See these recommendations in action with our Employer Case Studies

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Our Supporter

This Toolkit is made possible through the generous support of the Target Foundation.

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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