A company's first year savings after employees complete a quality financial wellness/literacy program, and make slight improvement in their financial well-being, are at least $450 per employee. If you add savings on healthcare, that's an additional $300 in savings. That's a total of $750 per employee, per year. These figures come from research conducted by the Personal Finance Employee Education Foundation and an award winning study at Texas Tech University.

If a company has 1000 employees, and only 20% (200) of them complete financial training, and only 30% (60) of those show improvement, that's $27,000 a year savings to the company (60 x $450 = $27,000), up to $45,000 (60 x $750 = $45,000).

More or less might complete the training, but based on our experience, at least 30% will make improvements. The $27,000 to $45,000 in our example are net dollars lost (loss of productivity, healthcare cost-due to financial stress, absenteeism, theft, etc) by not offering financial training to employees.

Based on a recent article in Personal Finance and Worker Productivity, “workplace financial training can help ALL workers, including those with few or no money problems find an extra $1,200 a year to save.” This will help to increase employee participation in a company's 401(k) program. Our unique financial education course teaches debt-elimination, how to find extra money in one's paycheck (reverse budgeting) and money management. Employees need training in basic financial literacy if they are to improve their financial lives. Most financial training focuses on retirement planning and investing; however, for most employees, they do not have enough discretionary income to meet their retirement savings needs.

A few of the organizations offering our financial wellness program to their employees include Ernst & Young, Citibank, Xerox, Shell Oil, Exxon/Mobil, First Hawaiian Bank, U.S. Air Force, U.S. Navy, General Dynamics, Methodist Healthcare System, City of Houston, State of Texas, to name a few.

To watch a short video by Dr. E. Thomas Garman, professor emeritus and fellow at Virginia Tech University, click on the link below. Click here to view the 6-minute presentation.