Financial Wellness Programs In India
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In the absence of a comprehensive approach to improving employees financial well being organizations often cobble together financial wellness programs by offering solutions for a specific.
Financial wellness programs in india. As the line between work and life blurs providing a robust suite of well being programs focused on physical mental financial and spiritual health is becoming a corporate responsibility and a strategy to drive employee productivity engagement and retention. Our financial wellness programs are impartial and unbiased. An assocham study that came out a few days back says that corporate wellness programs if implemented effectively can save india inc. Managing disruptions to people and productivity from the coronavirus.
Flexwage the leading provider of financial wellness solutions created and patented early wage access ondemand pay in 2010. The program s only source of revenue is the program itself. Employee financial education and wellness practice. There are no products to push no commissions to earn.
Through its acquisition of sum180 in 2019 it now combines early wage access with an engaging mobile financial well being decision support tool that starts where people are engages through gamified personalization and delivers actionable next steps and solutions. Personalized financial counseling is growing faster than online solutions according to optimizing financial wellness for a diverse workforce the latest study from financial finesse a. We often get requests from insurance providers financial distributors and fintech startups inquiring if we could promote their offerings. Through careful analysis of the latest trends strategies in financial wellness we are able to put together provocative resources.
Here at enrich we strive to educate people on the latest news in retirement healthcare and personal finance. Pwc works with you to design and deliver a financial wellness program tailored to your employees needs. Mint india wire ficci ey insurance wellness the indian wellness industry was estimated at close to rs85 000 crore in financial year 2014 15 and is expected to grow at a compounded annual growth. Nearly 20 billion by the end of 2018 as a result of bringing down the rate of absenteeism by just 1.
It added that such programs would also help in managing chronic and lifestyle diseases of corporate employees.
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