Welcome to Pay Raise Professor
According to the Wall Street Journal, about 70% of employees are living paycheck to paycheck. Research by the Personal Finance Employee Education Foundation (www.personalfinancefoundation.org) found that these employees are costing their employer between $450-$2000 per year in loss of productivity, absenteeism, turnover, workplace distractions, increased healthcare costs and theft. For example, in a company with 400 employees where only 35% are financially unhealthy, that’s a loss of $63,000 each year (35% of 400 = 140 employees x $450 = $63,000).
Companies providing a financial wellness program to their employees show results that include improvement in workplace productivity, employee morale and company loyalty, while reducing absenteeism, turnover and operational risk across the company. Financial education programs have the effect of saving companies hundreds of thousands of dollars each year.
A recent article in Personal Finance and Worker Productivity, concluded that “workplace financial training can help ALL workers, including those with few or no money problems find an extra $1,200 a year to save.”
Our online Financial Wellness Course teaches debt-elimination, how to find extra money in one’s paycheck (reverse budgeting) and money management. Employees need this training if they are to improve their financial lives. When they improve their financial health, company’s save money.
1. Increased productivity
2. Reduced healthcare costs
3. Increased savings
4. Reduced absenteeism
5. Reduced pressure to increase salaries
6. Increased employee motivation and engagement
7. Higher morale and improved employee relations
The online program is strictly educational; no insurance or investments are promoted.
Be sure to watch another video by the leading expert on employee debt in the workplace at http://www.watson-training.com/financial-education.html.
The Financial Wellness program has been presented to a number of organizations that believe a financially well employee is a better employee. Some of those include Citibank, Xerox, Shell Oil, Ernst & Young, Exxon/Mobil, First Hawaiian Bank, U.S. Air Force, U.S. Navy, General Dynamics and Neiman Marcus to name a few. For more information, complete the contact form at the top of the page or call us at 903-758-0855.