Employers must offer the tools to help employees navigate their own financial wellness.
Katie Nedl, global head of benefits at BlackRock, will speak at a session titled Understanding the effect of global financial benefits on work engagement at Employee Benefits Connect in New York on March 25, 2014.
She said: “In a world where we are increasingly asking employees to take control of their own healthcare and retirement planning, it’s important for employers to provide the plans, resources and tools to enable employees to achieve financial wellness.”
But offering a financial wellness program is not necessarily about offering new benefits, added Nedl.
“It’s important for employers to take a step back and approach their offerings from a single strategic view and then communicate to employees in this way. If they’re not connecting the dots for employees, it’s unlikely that they are.”
The session will cover a range of topics, including:
- What impact did senior management buy-in have on creating a global financial wellness program for employees?
- What was the perceived value of the benefits program among employees and how was this measured?
- How important was repackaging existing benefits to include workers’ families?
- What were the key strategies for communicating the program?
“Employers remain at the forefront of providing benefits, such as healthcare and retirement plans, to American workers, and employees are increasingly requesting more help to navigate complex plans and programs,” said Nedl.
“The employers that focus on creating more holistic and well-communicated offerings will achieve a more engaged and productive workforce.”
Employee Benefits Connect launches in New York on March 25, 2014 at The Metropolitan Pavilion.