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CSi Financial Wellness
What is Financial Wellness?
For employers: financial wellness is defined as a program or set of programs put in place towards improving employees’ financial behavior and outcomes, which in turn affects the wellness of the business.
For employees: financial wellness is the practice of balancing all aspects of our financial lives (debt, investments, income, etc.) in a way that maximizes our ability to do the things we enjoy by optimizing the resources at our disposal (our income, our savings, etc.). Financial wellness is understanding your financial situation and taking care of it in such a way that you are prepared for financial changes.
>75%
More than 75% of employees live paycheck to paycheck1
The Problem
Did you know?
46%
of workers spend 3 hours or more during the workweek dealing with or thinking about financial issues. That equates to $5,000 per year in productivity loss.
Source: PwC's 2016 Employee Financial Wellness Survey
3.5 days
Financially stressed employees are absent on average for 3.5 days annually.
Source: Willis Towers Watson 2015 Global Benefit Attitudes Survey
20%
of employees have had to resign due to financial stress.
Source: Mercer LLC, Inside Employees' Minds
The Solution
Financial Wellness Delivered
CSi Advisors + Technology is the Financial Wellness Solution
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Advisors are trained to develop comprehensive short and long term strategies to pursue financial wellness and well-being.
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Their actions are amplified by software designed with them in mind.
A comprehensive financial wellness program has the power to give your employees the personalized experience they need plus access to human professionals.
Decisions We Help Employees Make:
Cashflow & Budgeting
Debt Management
Rent vs Buy
Asset Allocation
Insurance Needs
Retirement Planning
Savings Strategies
Situational Planning
User Features:
Advisor/Coach Chat
Account Aggregation
Financial Consultation
Educational Resources
Online Portal
Email Alerts & Monitoring
More than half of workers are stressed about their finances2
1. Source: CareerBuilder 2017 Survey by Harris Poll
2. Source: PwC's 2016 Employee Financial Wellness Survey
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