Blog
Financial Wellness - An Important Part of Any Comprehensive Employee Benefits Plan
June, 2021
We all know how important it is to limit distractions at work. It seems obvious that productivity will suffer when an employee is sick and working at a reduced capacity or unable to work altogether. But what about if the employee is in perfect physical health, but struggling with their personal finances. This can cause stress and distractions that are much less obvious than say, the flu, but can still result in reduced productivity in the workplace a.k.a. presenteeism.
As the overall well being of employees has come to the forefront of preventing absenteeism and presenteeism, Financial Wellness has become a "hot topic". A growing number of employers have begun incorporating Financial Wellness programs to help employees help themselves with their personal finances. An Employee Financial Wellness Survey by PricewaterhouseCoopers showed that 52 percent of workers and 64 percent of Millennials said they are stressed about their finances. And they feel the stress is increasing. Forty-five percent said their finance-related stress had increased during the past year. The study also showed that stress about finances is distracting workers as 46 percent spend three or more hours during the workweek dealing with or thinking about financial issues.
Legal Club offers members access to the financial education and credit counseling tools and advice provided by Knowledge of Financial Education (KOFE) that promote financial wellness. KOFE, a product of Consolidated Credit, is a cloud-based, independent and unbiased financial education and engagement platform that assesses and benchmarks participants overall financial fitness, and then presents them with user-friendly tools to help them engage and learn how to live within means and reach their financial goals.
Group legal plans from Legal Club provide a wide range of free and discounted legal care, financial, tax, and identity theft benefits. Plans include access to over 85,000 online forms such as Last Will and Testament and Power of Attorney forms. To learn more about the plans offered by Legal Club, browse this website or call us at 800-305-6816.
Blog List
APRIL, 2022
How to Reach Your Financial Goals
MARCH, 2022
Ways Credit Counseling Can Help You Pay Off Debt
FEBRUARY, 2022
How Working Remotely Could Affect Your Taxes
JANUARY, 2022
Important Tax Information for 2022
DECEMBER, 2021
New Year's Resolutions for 2022
NOVEMBER, 2021
How to Boost Your Annual Enrollment Strategy
OCTOBER, 2021
Join Legal Club in Supporting Breast Cancer Awareness Month
SEPTEMBER, 2021
Incidences of Identity Theft are Rising Due to the Pandemic
AUGUST, 2021
Has the Value of Voluntary Benefits Increased Due to the Pandemic?
JULY, 2021
Does Your Sales Message Stand out?
JUNE, 2021
Financial Wellness - An Important Part of Any Comprehensive Employee Benefits Plan
MAY, 2021
Account Rounding - Another Way Legal Club Helps Employee Benefit Professionals
APRIL, 2021
Estate Planning - One of the Many Ways Group Legal Benefits from Legal Club are Meaningful
MARCH, 2021
Tax Season Tip: How to Avoid an IRS Audit
FEBRUARY, 2021
Tax Filing Season Starts February 12
JANUARY, 2021
Important Tax Changes for 2021
DECEMBER, 2020
The Added Importance of Voluntary Benefits In The New Year
NOVEMBER, 2020
5 Reasons Why Employers Should Offer a Group Legal Plan
OCTOBER, 2020
Legal Club Supports Breast Cancer Awareness
SEPTEMBER, 2020
It's Never Too Early to Check Tax Withholding
AUGUST, 2020
9 Questions That Explain Why Plans From Legal Club Provide Meaningful Benefits For Everyday Life
JULY, 2020
Overcoming the Pitfalls of Home Buying in the New Normal
Meaningful Benefits for Everyday Life
Legal Club is a proud sponsor of BCRF, donating 2% of revenue from new group cases each year. Learn more >
© 2022 Legal Club of America. Privacy Policy | Disclaimer