NEW YORK, N.Y.–McGraw-Hill FCU is reporting it has completed the introductory phase of its first Financial Wellness in the Workplace Program for corporate America.
The initiative was launched in June with McGraw-Hill Education and is an exclusive financial wellness-focused employee benefit program created by McGraw-Hill FCU with the goal of “making corporations more effective catalysts in assisting employees to build foundations for financial wellness,” the credit union said.
According to McGraw-Hill FCU, 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 close to 250 employees. “The integrated program strengthens and empowers employees to gain control and take actions to improve their financial lives,” the credit union said, adding that employees are offered 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 Shawn Gilfedder, president and CEO McGraw-Hill FCU. “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 said its Financial Wellness in the Workplace Program makes 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.