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Building A Culture of Finanical Confidence
One of the most important things an organization can do to ensure success in both the short and long term is to foster a happy workforce: A happy workforce is a loyal workforce is a productive workforce. But “happiness” is a big, fluid term that can vary wildly from individual to individual, and trying to create it on the fly—through supplementary programming and unconventional perks—can cause a strain on management and resources and offer unpredictable results. A better approach is to determine the bedrock factors of company culture that influence employee happiness. And perhaps the biggest foundational component of employee happiness is also one that’s often thought of as a taboo subject in professional settings: money.
For companies who believe in supporting the financial well-being of their employees, Windgate Wealth Management, together with the Illinois Technology Association (ITA), provide practical insights on the budding trend of financial wellness employee benefits in a new white paper The Benefits of Building a Culture of Financial Confidence.
The piece, which can be downloaded here, provides employers with strategies to address the fact that less than half of workers believe their employer cares about their financial well-being, while a much higher percentage (77 percent of Millennials, 73 percent of Gen X, and 55 percent of Baby Boomers) indicate that they are more likely to be attracted to a company that does care.
ITA is not an affiliated company of Perritt Capital Management or Windgate Wealth Management.