NEW YORK (8/19/15)--McGraw-Hill FCU has completed the introductory phase of its first Financial Wellness in the Workplace Program for corporate America.
The financial wellness-focused employee benefit program was launched in June in partnership with McGraw-Hill Education with the goal of making corporations more effective catalysts in assisting employees to build foundations for financial wellness.
The initiative began with financial wellness-focused educational seminars followed by one-on-one consultations between employees and personal financial consultants. The seminars, “Know Your Financial Scores” and “Identity Theft--More Than a Financial Risk” were attended in person and virtually by nearly 250 employees. Through McGraw-Hill FCU, McGraw-Hill Education employees gain access to a suite of financial planning resources, money management tools and exclusive educational content.
“Many Americans continue to struggle to gain control of their financial lives,” said Shaw Gilfedder McGraw Hill FCU president/CEO. “The stress that this causes impacts them at work and limits their ability to achieve their personal life goals. We believe corporations must take a more active role in assisting employees in understanding and taking control of their finances. Through our program we create opportunities for employees to learn about important financial topics as well as engage with our concerned and caring professionals. Our program, unlike others, motivates individuals to seek information and act.”
The credit union’s program is designed to make corporations more effective in empowering employees to be financially independent. McGraw-Hill Education management reports that the program is effectively raising awareness and stimulating employees to set aside time to review their personal finances and create plans for their financial futures.
“A significant number of our employees are now taking positive steps to advance their financial lives,” said Andrea Kuglstatter, McGraw Hill Education senior director of benefits at McGraw-Hill Education. “When employees are in a stronger financial position, McGraw-Hill Education benefits as well.”