Employer financial wellness programs could help, according to John Hancock. The survey found that employer financial wellness programs may improve job retention, stress levels and job productivity. Seventy-seven percent of respondents find financial wellness programs important and 70% felt the programs have helped reduce their financial stress and increased their loyalty to their employer.
While 88% of employers said they currently have or are developing a financial well-being strategy, only 20% of participants claim their employer offers anything more than a limited financial wellness program.