It is without question: Building a financially resilient workforce is good for employees and equally impactful to the bottom line of corporations large and small. But economic factors like rising inflation are putting pressure on wages and therefore, employee finances. Companies that can’t afford to give employees a 10-20% increase in pay are looking for other ways to stand out in a historically competitive labor market underpinned by a 50-year low in unemployment rates. This reality is the driver of evolution for employee financial wellness solutions from a bonus employee perk to a critical component of a solid business strategy.
If we can each agree that employer-funded financial wellness programs are the way to go, the question becomes: How do we get started? In this bonus episode of the SECURE podcast, we deep dive into the answer. Charles Lattimer, the Chief Innovation Officer at FinFit, is interviewed by Tim O’Neil the Senior Workforce Solutions Specialist at TrueNorth Companies. During their conversation, they cover:
When asked what three words describe the process of choosing an employee wellness solution, Lattimer paused and responded with, “Overwhelming, undifferentiated, but also important. Reverent. You can have an impact on 50,000, maybe even 100,000 people’s lives. Especially if you’re orchestrating point solutions… but you work through it because of the upside when you do it right. We can see the individuals who participate and get financially well overtime, and the difference in turnover can be almost 25% less. People begin to feel safe enough to be stable. We’re having a real impact.”
Be sure to subscribe to the SECURE Podcast on Apple, Google or Spotify.
Tim O’Neil is the Senior Workforce Solutions Specialist at TrueNorth Companies. He’s been with the company a little over a year. Prior to that he worked as an Executive Director of Employee Experience at Dotdash Meredith for 14 years. O’Neil is a graduate of the University of Phoenix.
© Copyright . All Rights Reserved.
FinFit Loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. Loans subject to credit approval. Residents of Colorado, Connecticut, Iowa, Vermont, West Virginia, Nevada and Massachusetts are not eligible for loans. Nothing in this advertisement constitutes an offer or solicitation for loan products to residents of those states. Actual time it takes for loan approval dependent upon loan verification set up with your employer.
Funding time dependent upon funding method selected. Expedited funding may incur additional fees.
Student loan services are provided by unaffiliated third parties. FinFit loans issued by Celtic Bank do not include student loans.
Wage Now is fully funded and managed by an affiliate of FinFit. If any fees apply, those fees will be disclosed prior to entering into any agreements.
Residents of California, New York, North Dakota, South Dakota, Tennessee and Vermont are not eligible for WageNow. This does not constitute an offer or solicitation for WageNow to residents of those states.
FinFit’s Financial Wellness Program, which includes educational content, a financial assessment and a financial dashboard, are free to registered members.
Services offered may incur fees and/or interest. All fees will be disclosed prior to entering into any agreements.
Products listed are a representation of FinFit offerings. Actual availability may vary. The products available to you and your organization will appear on your FinFit membership dashboard. Actual loan amounts and rates offered vary based on lender, credit worthiness and other factors.
Privacy Notice (Sp) | FinFit Privacy Policy (Sp) | Licenses | *US Patriot Act | Website Terms & Conditions | Member Rewards Terms & Conditions
SC Consumer Rights & Responsibilities | NM Small Loan Consumer Brochure | NM Loan Rate & Fee Disclosure | Additional Information for NM Residents