Yes, people do want more money. More money is the only way they know to solve financial stress. However, more money only gives temporary relief which fades away quickly. The real solution is new habits and a different attitude toward money. We help to establish new habits, change attitude and we do find more money for your employees: the money they don’t know they have overpaying taxes and bills.
You are not responsible for financial decisions your employees are making today, the program is not changing that. You are enabling your employees to make better financial decisions with the help of a licensed financial professional. Our licensed financial professionals certified and checked by the government and fully liable for malpractice according to any government regulations. Compare it to health insurance you may be provided to your employees – you are not responsible for medical recommendations a doctor makes.
Once a year we prepare and share performance report with you. The report outlines behavioral change of employees, program utilization, improvement in financial wellness score of your workforce along with feedback from employees. As for your company’s bottom line, we encourage you to track retention rate before and after. Retaining just one employee over the course of the year most likely will cover program costs many times over.
The program costs $10 per month per employee flat. $10 is an all-inclusive price that grants all your employees access to 100% of the program features and benefits. If you chose to pay in annual installments, the price would be $100 per year per employee.
For your information, just a financial plan on the market costs $500 – $1500 depending on location.
We can do such special accommodations on a case by case basis. Generally, we avoid doing so for the following reasons:
- It creates a case for workforce discrimination.
- Inclusive program (available to all employees) demonstrated to perform better than exclusive (for selected employees).
- By the definition, to be compliant, Financial Wellness should be equally available to all company employees not some.
- It creates management overhead for both you and us.
We believe absolutely every employee matters and deserves equal, unbiased access to the benefits provided by the program. At Wallio we are wholeheartedly against any kind of workforce discrimination and for equal opportunities for all. This is why we offer equal access to all employees at an incredibly low, flat, all-inclusive price.