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Introducing the Iowa Financial Fitness Challenge
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Administrative Housekeeping
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• Share the results from our financial wellness training in Iowa healthcare organizations during this past year
Today’s Goals
• Share best practices from five years of work on award-winning educational research projects promoting financial wellness in the workplace
• Explain how Iowa healthcare organizations can participate for no cost in the program thanks to funding from the Iowa Insurance Division
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The Financial Fitness Group
We are a financial education company with an extensive library of unbiased & independent personal finance and investing content.
Educators
Team of data-driven educators, technologists, marketers, business development and customer care specialists.
Data
Robust e-learning platform & training methodology that deliver highly-effective workplace wellness training.
E-Learning
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Special Thanks To…
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The Need for Financial Wellness in the Workplace
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Financial Stress is a Pervasive Problem
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Extensive Research Shows Significant Impact
… articles and research papers clearly show that financial stress has a NEGATIVE IMPACT on profits and productivity
200+
… of US employees are living paycheck to paycheck, and have very significant STRESS about money
33%+
… suffer from SEVERE stress about money which impacts nearly every aspect of their lives
50+million employees
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What’s the Problem?
PROFITSProductivityEngagementSatisfaction
Higher Taxes
PROFITSProductivityEngagementSatisfactionLower Taxes
COSTSTurnover
AbsenteeismPayroll Expenses
Health Care
PROFITSProductivityEngagementSatisfaction
FINANCIAL STRESS
costs employers$40B
per year
in lost profitsand
productivity
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Source: Associated Press-AOL survey, 2008
A survey by the Associated Press and AOL shows Americans with more debt also suffer more health problems – including higher rates of…
Health Effects of Financial Stress
high blood pressuredepressionheart
attacks
back painulcersmigraines insomnia
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PRODUCTIVITY RETENTION HEALTH CAREENGAGEMENT
According to the Personal Finance Employee Education Foundation…
Financially Fit employees have higher levels of desirable work behaviors, including…
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Over $2B Spent on Outdated Solutions
100 millionemployees
750,000employers
Newsletters Workshops Advice
Attendance TrustEfficacy
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Financial Fitness Challenge
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Our Methodology: The Financial Fitness Challenge
Maximize employee participation Increase financial knowledge Produce desired changes in
individual financial behaviors
Powerful e-learningplatform and proven training methodology
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How the Program Works: The 5-Step Path
..engage employees in fun interactive online competition
Event Based FormatDrives Results
1HR / week (10 min per day)
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Highly Engaged Users Positive ImpactHighly Engaged Users
5.0+hours per employee
500+unique
data points
a unique opportunity to understand (and improve) financial knowledge, attitudes and behaviors
provides employers +
researchers
Engaged users +
ample data
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Employee Getting Started Page
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Step 1: Financial Fitness Assessment
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Step 2: Financial Fitness Assessment Results
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Step 3: Start Recommended Courses
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Employee Learning Home Page
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Course Pre-Test
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Sample Course Page
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Sample Calculator
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Tools for Program Administrators
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Sample of Participating Iowa Healthcare Organizations
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SIGNIFICANT IMPROVEMENTIN BEHAVIORS
The Program Works: Results 2009-2014
92% Want to learn more
80% Would recommend
30% Improved knowledge
FINANCIAL WELLNESSAT WORK
Build a Budget Financial Plan Retirement Savings Better Use of Benefits
Decrease Debt Fewer Late Fees Financial Stress
Up to 70% improvements in behaviors
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Financial Fitness Challenge: 2014 Iowa Results
• Over 150 Iowa healthcare organizations and more than 3,500 employees have completed 10,000+ hours of education
• Preliminary Results Include…
• 22% improvement in financial stress• 70% have or will make financial changes • 31% increase in savings• 124% improved understanding of investing / retirement• 9 out of 10 would recommend to family member, friend or
co-worker
• Expanding the program for 2015 to serve up to 5000 people
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Research Points to Key Feature Requirements
Unbiased and Independent
Format is engaging
Provide feedback along the way
Measure changes over time
Access 24/7, anywhere and anytime
Information is private and confidential
Personalized recommendations
Motivational elements
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Iowa Financial Fitness Challenge Offer
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The Iowa Insurance Division (IID) has committed funds to pay for programs in the state of Iowa that serve to raise the skill level of citizens around their financial well-being
Based on successful 2014 pilot results, the IID has approved an expansion of the training program in 2015
The IID will fund Financial Fitness Challenge program costs to train 5,000 healthcare workers− Any healthcare employee can take the training
− Family and friends can also participate if invited by a participating employee
YES, the IID is covering all program costs, so it is free to your employees and their families/friends.
2015: Iowa Insurance Division Funds Program Costs
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Iowa Financial Fitness Challenge Offer Includes:
FREE Financial Fitness Assessment for ALL of your employees
All employees get to completefive training courses for FREE
Detailed report showing positive changes in employee behaviors and financial knowledge
5,000 employees funded for the financial education training in 2015
Limited Space Available
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Apply today. Takes only 30 seconds to get started. http://financialfitnessgroup.com/ih-enroll-today/
Simple 2-Step Process 1) Fill out 30 second online form 2) Schedule Short Interview Call
Be a Leader. The training works, and be recognized for taking a leading role in educating healthcare workers in Iowa
http://financialfitnessgroup.com/ih-enroll-today/ENROLLNOW
Your Next Steps
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Financial Fitness Group Website Home Page
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Special Promotions Tab Mega Menu
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Iowa Healthcare Enrollment Page
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THANK YOU
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Contact Information
MICHELLE BERNARD
Financial Fitness Group(262) 387- 4722
SANDY COURY
Financial Fitness Group(510) 599-0925
