Well, maybe not. We’re all familiar with absenteeism. “Bob is out sick today.” He’s not here, so don’t expect any production from him. Management understands that unless the other workers pick up Bob’s production, output will be down today by one Bob. But what about presenteeism? Bob’s here at work – see, that’s him over there – but, is he actually being productive right now, or is he really trying to figure out how to pay for a new transmission for his car? Absenteeism is usually regarded as...

Many of today’s employees begin their adult lives without essential financial knowledge. They don’t know the basics of balancing a checking account, or how to use credit responsibly. Nor do they know how to save, budget, buy a home or plan for the future. Schools will teach students about history, but not money. In fact, according to the 2017 Financial Report Card1 from Champlain College’s Center for Financial Literacy, only 5 states earned an A on the ability of their financial literacy education...

Why? In my 10 years as a CPA and 20 years in the consumer financial industry, I have experienced countless scenarios of challenging situations. Here is the formula that has worked in almost every one of them: solve today’s challenges before focusing on tomorrow’s. Depending on the source, you will find general agreement in the marketplace that some 76-78% of our mid-market, fully-employed American workforce is living paycheck to paycheck. To add to that disturbing challenge, we all know that life...

The ROI on employee financial wellness programs is three to one The return on investment for employee financial wellness programs, says the Consumer Financial Protection Bureau and others, has been estimated at 3:1. Every $1 invested in financial wellness benefits returns $3 in cost savings and productivity increases. It all makes sense. If three-quarters of working Americans don’t have $1,000 available for an emergency and they spend eight or more hours a day working, they are going to spend...

Do you remember that moment when you had to ask that person to the high school prom, or even just for a date? You were 15 and your heart was thumping through your chest. You thought you were going to faint, but yet you had to muster up the courage in order to accomplish your heart’s desire. Now imagine feeling that type of stress every single day. This daily stress, however, is much more challenging. It’s not about a date, but your ability to survive and live a life of comfort and satisfaction. Stress...

David Kilby wants to leave his competitors in the dust. And he believes he’s already doing a good job of it. David Kilby, president of FinFit in Virginia Beach, says his company grew due to the high and growing demand for financial wellness. The president of Virginia Beach-based Finfit, an online platform that provides financial wellness resources and services to employees, started the company in 2008 and had 17 clients at the end of that first year. That was the extent of all the friends...

FinFit, a leader in providing voluntary financial fitness benefits, announced today the results of their annual Employee Financial Wellness survey. “From the companies surveyed, we saw an 85% increase in mid-to-large businesses actively offering financial wellness,”* said Jennifer Creech, SVP of Strategic Partnerships. “This shows how important financial wellness is to today’s workers, and our new survey clearly demonstrates its positive impact on both employees and the companies they work for.” Is...