You might be familiar with your employer’s workplace wellness program that reimburses your gym membership fees or provides healthy snacks at the office. But some companies go a step further and offer financial wellness programs for their staff members.
The programs can take many forms, including access to financial counselors or financial planners, retirement planning workshops, access to financial management platforms, online lessons for topics from budgeting to investing, and even debt management programs.
Employers offer such programming because it’s widely known that money is notorious for causing high levels of stress. By reducing some of that stress, companies can encourage good money management behaviors and put employees’ minds at ease.
Most financial wellness plans are operated by a vendor (not your boss), so you know that your personal and financial situation is kept confidential. If you’re not sure, ask to see your program’s written confidentiality policy.