Workplace Financial Education

Complete this form to participate or request additional information. * Contact Name:

* Contact Email:

* Contact Phone:

* Name of Organization:

Number of Attendees Expected:

Desired Location:

Potential Dates:

Please enter the text from the image above for security purposes.

“Both the company and the employee come out ahead when the employee has a better understanding of their personal finances.”

Financial concerns may be a personal matter, but they directly affect the workplace. Research suggests that 15-20 percent of employees have financial problems severe enough to negatively affect productivity. A financially stressed employee spends an average of 20 hours per month of work time on his/her personal financial problems.

By giving employees the tools and resources to be free of financial stresses at home, they will become more focused and productive at work. In doing this, they're more likely to think clearly and contribute to the success of your company.

Components for a work-based financial education program:

• Financial coaching and advisement
• Basic financial education including budgeting, debt management and saving
• Seminars and workshops
• Pre-retirement education
• Information and referrals to other service providers
• Access to Individual Development Accounts

Benefits to the Employer

Employers benefit from a financially educated workforce in several ways. Research suggests that a well-executed workplace financial education program is likely to:

• Reduce Absenteeism
• Moderate turnover rates
• Decrease direct employer costs related to wage garnishments, bankruptcies, payroll deductions for child support and alimony, and administrative costs for borrowing against retirement plans
• Increase employee productivity
• Increase contributions to the company 401(k) program
• Increase employees' allegiance to their company
• Reduce the incidence of employee theft

Benefits to Employees

• Change behaviors that negatively affect job performance
• Build assets and reduce debt
• Gain appreciation for and participate at a higher level in employer-provided benefits
• Adequate Retirement Preparation
• Improved family and social relationships

Below are some of our most popular financial management education training workshops and online E-Seminars:

• Setting Financial Goals
• Managing Money 101
• Managing Credit
• Budgeting Development & Money Attitudes
• Organizing Financial Records
• Get Checking (Access to Mainstream Financial Services)
• Understanding Credit Reports & Credit Scoring
• Holiday Spending
• Identity Theft Prevention & Resolution
• Auto Buying (Pros and Cons of Leasing vs. Buying)
• Debt Management
• Understanding Bank/Credit Card Statements
• Monitoring Debt-to-income ratio
• Bankruptcy Alternatives

Costs to the Employer

• Costs to the employer vary depending on the number of employees (Special rates available for non-profit organizations)
• Studies indicate a return on investment (ROI)of up to 3:1 to the employer in increased productivity and reduction of direct costs

Financial Management Training

ConsumerCents® is an online, personal money management program that can help your employees learn smart ways to manage their finances. It is a valuable resource that people can use to learn about financial topics, better manage their money, handle their credit, and learn where to go for advice.

ConsumerCents.com contains free downloadable money management guides and on-demand financial information, financial calculators, and links to recommended resources. ConsumerCents® also features interactive on-demand workshops which teach financial management skills.

Getting Started

The goal of workplace financial education is to change and improve behaviors, not simply to provide information. AAA Fair Credit Foundation can serve as a cost-effective extension of your human resources department, your employee assistance program (EAP), your wellness coordinator or your on-site counselor. Through our customized solutions, we can assist your employees with guidance on how to take control of their finances. For more information on our services, complete the form above or contact us at education [@] faircredit [dot] org or call 1-800-351-4195.