TORONTO, ONTARIO--(Marketwired - April 30, 2014) -
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Traditional wellness programs are failing employees because they are not addressing a principle problem of personal finances.
"61% of Canadian employees are financially stressed, yet most employee wellness programs don't include financial wellness," says Frank Wiginton, CEO of Employee Financial Well-Being. "Only 16% are considered obese, yet every wellness program focuses on diet and exercise. It's time that employee wellness dealt with issues that matter most to employees."
As a provider of financial wellness programs, Wiginton is teaming up with Thorpe Benefits a leader in employee wellness, to help companies seamlessly deliver a total wellness program that responds to their needs, improves engagement, and increases productivity.
"Traditional wellness programs struggle to engage employees," states Wiginton, "but research shows that topics of greatest concern, engage more employees and nine out of 10 employees want a financial education benefit."
Stress is a silent killer and personal finances are the #1 cause of employee stress. "People with high debt stress are six times more likely to suffer from depression and seven times more likely to suffer from high anxiety." says Nicole Cairns, Health and Wellness Director, at Thorpe Benefits. "Financial stress leads to an increase in smoking, alcohol, and substance abuse as well as an increase in irritability and anger. All of these conditions have a negative impact on employees' interactions with friends, family, and co-workers," Cairns adds. "Employee financial well-being is the missing piece to a comprehensive wellness program."
"We believe in helping people take back control of their finances." states Wiginton, "We are founded on the values of doing what's right for the participants, and choose not to sell or promote any products."
Created in 2011, Employee Financial Well-Being provides Canadian companies with independent, unbiased, financial education for their employees and executives. Their facilitators are experienced educators and accredited financial planners.
See Money Differently™ is a free 30 minute workshop in English and French for companies to download and deliver to their people. "When given an opportunity to learn how to better manage their money, 9 out of 10 employees say they're ready." Learn more here: www.employeefinancialwellbeing.ca.
Employee Financial Well-Being and Thorpe Benefits are hosting a free webinar on Tuesday May 27th on total wellness. Learn more here: http://info.employeefinancialeducation.ca/free-webinar-total-wellness/
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