a FinTech company that provides over 125,000 employers with a unique
financial wellness benefit platform, today revealed data that shows
continued engagement in financial wellness programs yields
overwhelmingly positive results. The data supports a trend across the
financial wellness industry – the longer a company has utilized a
financial wellness platform, the higher the employee engagement.
In an assessment of FinFit employers:
- Employee participation reaches 13% in year one
- Memberships rates double after the second year of utilization
- Mature employers see more than 50% employee engagement
Employees are asking for employers to offer financial wellness programs,
leading to an impressive initial participation rate upon program launch.
85% of FinFit members say they appreciate their employer more for
offering FinFit’s financial wellness program. As an employer, you’ll see
a 3:11 return on your investment. Imagine that ROI tripling
by year four. Now is the time to get onboard.
“As FinFit becomes more engrained in a company’s culture, awareness and
word-of-mouth increase when employees realize the benefits and personal
improvements they achieve through utilization of our platform,” said
David Kilby, President of FinFit. “When companies ensure their workforce
is aware of and utilizing this benefit, everybody wins. Employees find
new confidence with their finances and in return, bring their best
selves to work, which impacts a company’s bottom line through increased
productivity, engagement and retention.”
The behavioral change within FinFit members is remarkable:
- 81% are now paying their bills on time with the help of FinFit
- 80% report decreased financial stress since utilizing FinFit
- 70% have increased their monthly savings with the help of FinFit
- 61% have not used a high cost credit provider since joining FinFit
FinFit is a
comprehensive financial wellness program that improves productivity
at companies by helping employees become more financially stable. Unlike
programs that offer financial wellness consulting or education only,
FinFit provides a holistic solution that starts with a proprietary
personalized financial assessment and includes educational tools,
resources and real-world financial solutions. FinFit’s training platform
treats each employee like the unique individual they are. After a quick
financial assessment, they are directed to a roadmap tailored to their
individual goals, encouraging them to take the necessary steps to create
behavioral change by modifying spending, saving, borrowing and planning
EVMS has been utilizing FinFit for over eight years and can attest to
the level of dedication needed to inspire employees to take control of
their finances and, ultimately, see tangible business results.
“Our goal is to provide a comprehensive employee benefit program; FinFit
has been instrumental in providing our employees access to holistic
wellness within FinFit’s platform and capabilities,” said Aimee Bader,
Assistant Director of Benefits, Wellness and Data Management at EVMS.
“We are impressed by the engagement we’ve seen year over year and are
pleased to be a part of helping our employees on their way to becoming
FinFit is designed to be easy-to-use, making the road to financial
wellness fun and transparent. Real-time solutions enable employees to
deal with financial emergencies that exist today, so they can focus on
For more information about FinFit, please visit www.finfit.com.
Founded in 2008, FinFit has grown to be one of the nation’s largest
financial wellness benefits servicing over 125,000 clients. FinFit
provides a self-directed online experience that lets employees measure
their financial well-being and provides fun, education resources and
tools to increase their financial knowledge and drive results. FinFit
helps to eliminate stress in the workplace by providing real-time
solutions that offer real-world help when it is needed most. FinFit is a
powerful way for employers to attract and retain talent by helping
employees get focused, get healthy and become more productive.
data source: 2017 Financial Survey Commissioned by FinFit.