First of all, what is a financial wellness benefit? A recent Forbes article described it as the following: "It is the glue that drives how employees feel about and use their compensation and benefits to achieve their financial goals. It’s also a major indicator of your culture and commitment to your employees." ("Considering a Financial Wellness Program For Your Employees: Make Sure You Ask These Questions First" - Liz Davidson, Forbes, March 3, 2019).
In deciding to implement or expand a financial wellness program, it’s first important to understand why this would matter to employees. It also feels necessary to remove some stigma around the dreaded and fragile terrain of “giving financial advice.” I’m being intentional in not citing a lot of specific data in today’s blog – mostly because I have a fair amount of data on this topic and will organize it into more digestible chunks in the other parts of this series. My high level view on financial wellness programs is that:
How Much Do Employees Value Their Equity Compensation?
A study by UBS (UBS Participant Voice: Unlocking Value) finds that participants who receive more education, advice, and personalized service place more value on their equity compen...Read More
Technology Tips for Engaging Remote Participants
The remote activities that are happening today via video and social technology platforms – workplace team collaboration, student education and even the good ol’ happy hour &ndas...Read More
5 Tips to Support Stock Plan Participants Through a Crisis
Crisis can take on many forms. There are crises that can be company specific – like in the situation where a pharmaceutical company awaited FDA approval for a drug, only to learn that...Read More
Year-End Resources for Administrators and Participants
With the end of the year approaching, it’s time for me to highlight some of the resources available to get you and your stock plan participants smoothly through year-end planning and processe...Read More
Examining Equity Plan Participant Attitudes and Behaviors
Across my desk this week – Charles Schwab’s Stock Plan Services released results of research they’d conducted on the attitudes and behaviors of 1,000 equity plan participants. Som...Read More