Ernst & Young LLP has introduced eFinancial Wellness, a financial planning and financial education service for small to midsize businesses.
The service includes a Financial Wellness Assessment through the EY Financial Planning Center to provide employee financial assessments. The assessments yield a baseline score for each employee’s personal financial wellness and prescriptive action items to address individual areas of focus. The system then provides financial education and learning on topics tailored to individual needs.
“Personal financial education and wellness programs can be the most life-changing benefits a company can offer its employees because of the tangible difference it can make to their financial well-being,” said Lynn Pettus, national director of the Employee Financial Services group of Ernst & Young LLP, in a statement. “By better managing their financial lives, employees can lower money-related stress. Reduced stress leads to increased confidence on the job, improved productivity and a more engaged workforce.”
The EY eFinancial Wellness service includes project manager support, quarterly reports, and communications packages.