How are companies approaching financial wellbeing for their employees?

One of the first steps in developing a financial wellbeing program is to create an overall strategy. At the beginning of 2017, nearly half of companies (49%) are in the process of developing their strategy. Roughly one out of six (16%) has already created a strategy and is in the process of executing on it. The reason for the increased focus is clear - 60% of employers think the importance of financial wellbeing has increased at the organization over the past 24 months.

What statement best describes your organization's development of a financial wellbeing strategy?
We have created a financial wellbeing strategy and are in the process of executing on it	16%
At this time, we do not intend to create a broad financial wellbeing strategy	28%
We are in the process of creating a financial wellbeing strategy	49%
Our financial wellbeing strategy is fully executed	7%

What statement best describes your organization's development of a financial wellbeing strategy? We have created a financial wellbeing strategy and are in the process of executing on it
16%
What statement best describes your organization's development of a financial wellbeing strategy? At this time, we do not intend to create a broad financial wellbeing strategy
28%
What statement best describes your organization's development of a financial wellbeing strategy? We are in the process of creating a financial wellbeing strategy
49%
What statement best describes your organization's development of a financial wellbeing strategy? Our financial wellbeing strategy is fully executed
7%

Has the importance of financial wellbeing changed within your organization during the past 24 months?

Decreased

38%

Same

60%

Increased

Perhaps because many employers are in the process of developing their strategy, the prevalence of financial wellbeing tools and services currently offered to workers is low. However, the appetite is strong for adding these in 2017.

Does your organization already offer (or how likely is it to offer) services, tools, or educational campaigns to address the following financial topics?

	Already offer	Very likely to offer*	Moderately likely to offer*	Not at all likely to offer*
	43%	42%	36%	22%
Healthcare education and planning	37%	38%	40%	22%
Financial planning	35%	37%	37%	26%
Budgeting	34%	36%	33%	31%
Priotitizing savings	29%	38%	36%	26%
Debt management	26%	26%	42%	32%
Assistance with savings during life stages	26%	28%	41%	31%