Workplace Personal Financial Education Works

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With very 75% of all employees living paycheck-to-paycheck, personal finance issues can adversely affect the work performance. To combat this growing trend, employers are increasingly offering workplace personal financial schooling for their employees as part of their benefits program. They see this as a actual require to help their employees. Further, they see this as a chance to fulfill obligations imposed by the Worker Retirement Income Security Act (ERISA), and recent Depart of Labor (DOL) guidelines. Since 1990, DOL has encouraged employers to provide financial schooling to help workers better understand their employer-sponsored retirement designs. You can also get info about best ira accounts.

Historicallyin the past, most workplace personal financial schooling programs were offered by face-to face training seminars and workshops. This delivery process can be pricey and requires that everybody be present. As result of these constraints, this delivery process has not always proved to be the most successful. To address this issue, Strativia Application develops branded workplace personal financial schooling web portals and sites that seamlessly integrate in to a company's existing intranet or corporate net site. These portals are filled with unbiased financial schooling content, surveys, assessments, calculators, and other tools and resources. You can also visit http://www.finlit.com/financial-planning to get more info.  You can also search other sites for more info.

Employers are not alone in recognizing the benefits of financial schooling. Workers also require personal financial schooling provided through their employers. They feel this service is more valuable than some other less often used benefits provided by their employer.

If a company does not currently offer a workplace personal financial schooling program to their employees, they ought to look to implement such a program as soon as feasible. A personal financial schooling web portal or net site can yield large benefits for the long and short term for both the organization and the people involved.