Financial education in the workplace.

Productivity, health and well-being through personal financial education.
Financial stress is up in 2019 with 52% of employees stressed about their finances. With 45% of employees saying that financial matters cause them the most stress in their lives nearly as many of those whose top stress is their job, health, or relationships combined. Financial concerns may be a personal matter but they directly affect the workplace.

A financially stressed employee spends an average of three hours per week while at work on his or her personal financial problems.
There is a solution…GSP Financial

GSP Financial Solutions
Unlike most financial advisors, who primarily focus on advising their clients about specific financial products they sell such as mutual funds or life insurance – GSP Financial teaches a proven personal financial program that is based on 7 steps that allow people to get in immediate control of their spending, debt, savings and taxation. It is the only comprehensive financial management system in the industry today that helps individuals and families effectively manage every aspect of their financial lives.

GSP Financial Workplace Programs
GSP Financial provides a variety of workplace personal education training courses that are proven to improve employee performance, morale, loyalty and participation in employer-sponsored benefit program. We offer a full range of structured and custom programs that will fit your needs.

Benefits To Employers
Research clearly shows that a well-executed workplace financial education program benefits employers in several ways.

• Increase employee productivity
• Reduce absenteeism
• Decrease direct employer costs related to wage garnishments, bankruptcies, payroll deductions for child support and alimony, and administrative costs for borrowing against retirements plans
• Increase employee’s loyalty to the company
• Reduce employee stress-related illnesses and mental disorders

Benefits To Employees
Employees who participate in workplace financial education programs will benefit
employers in several ways such as:

• Change behaviors that negatively affect job performance
• Build and reduce debt
• Gain an appreciation for and participate at a higher level in employer-provided benefits
• Increase their ability to retire early or on time

From The Experts……………

“Even a small increase in an employee’s financial security can add significantly to an employer’s bottom line.”
Dr. Susan Jerkins, Idaho State University

“Don’t give employees a raise; give them access to the quality financial information, education and advice. Employers can expect $450 in positive job outcomes from each employee who slightly increases his or her financial behaviors and financial well-being.”
Dr. E Thomas Garman, and Professor Emeritus, Virginia Tech University.

‘For the employer, research studies have shown that employees who are financially healthy are more productive. They are absent less often, spend less time at the workplace dealing with financial crises, and earn higher job performance ratings.”
Governor Edward M. Gramlich, Financial Literacy and Education Commission, Washington, D.C.

“Employees who participate in workplace financial education more fully understand personal finances and recognize how financial literacy impacts their future financial expectations. In addition, employees who gain considerable literacy in financial matters and confidence in their future situation are also more likely to be satisfied with and supportive of their company.”
The Journal of Consumer Affairs, Volume 39 Number 1.