The average American spends approximately 13 hours per month at work worrying about their finances. Estimates put the cost of each financially stressed employee at about $5,000 per year for employers—and as you can imagine, that figure quickly starts to snowball for
businesses with a large workforce.
Investing in employees’ financial literacy can help you recoup lost time, money, and productivity. Balefire’s financial coaching services are designed to instill confidence in employees when it comes to budgeting, retirement planning, and financial goal setting. Plus, offering financial coaching as a benefit boosts your employee value proposition (EVP), which in turn helps you retain top talent.