HR Mavericks

64. Financial Wellness in the Workplace w/ Spencer Barclay


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Benefits shouldn’t just be about checking off boxes. Instead, employers should offer the benefits that their people actually want—and need. And according to Spencer Barclay, Founder and CEO at Savology, one of the most impactful things a company can do is offer a financial wellness benefit. When people are stressed about money (and in the current economic climate, who isn’t?) they carry that stress to work. Offering a financial benefit can alleviate that stress, increase employee productivity, and encourage people to remain loyal to their workplace.

During our discussion, we talked about:

  • The shifting employer-employee relationship
  • How the current economy has made a financial wellness benefit relevant
  • Money-related stress—and its damaging side effects
  • Why financial wellness benefits convince employees to stay with their company longer
  • Three things that don’t count as an effective financial wellness benefit
  • Four things that an effective financial wellness benefit includes
  • The strategy employers should use to choose which benefits to offer 
  • Visit Spencer’s site to learn more about financial wellness.

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    HR MavericksBy Eddy

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