As employers across Canada evaluate their workforce priorities, employee financial wellness is increasing in importance. Mercer has prepared videos to help your employees learn more about investing and steps to manage their own financial wellness.

Your employee roadmap to financial wellness

The videos are segmented into a theme that is easy to follow for employees. The theme and samples of the videos are below and are meant to be viewed in order to support simplified learning throughout the series.



This video focuses on the reaction in capital markets following the pandemic with highlights on financial market challenges and opportunities and the need to respond with interventions to manage market volatility.


This video focuses at some ways the markets are responding to volatility as the economy emerges from the pandemic. It outlines the importance of understanding the relationship between stocks and inflation, as well as bonds and interest rates with an overview on how these relationships may be impacted.


This video focuses on the importance of engagement through the development of financial habits that improve wellbeing. It outlines simple steps to managing financial wellness and engaging with financial goals.



If you’re ready to enhance the financial wellness of your employees with these videos, please contact your Mercer consultant today.



The link between financial wellness and business

Improving employee financial wellness today — and tomorrow

To help employers gain deeper insights into how you can do just that, Mercer’s Financial Wellness Index, which benchmarks a broad range of factors including financial stress, indebtedness, savings and retirement readiness. Equipped with this robust information, we can help you develop a comprehensive financial security strategy that supports your employees — and your organization.
 

The gradual shift from defined benefit to defined contribution retirement savings programs has prompted employers to take a closer look at how well they prepare employees for retirement. However, many employers are lacking the specific metrics and benchmarks they need to measure the success of their HR strategy, employee outreach, and non-investment-related plan governance.

Improving your employees financial wellness

First of its kind, the Mercer Financial Wellness Index is a baseline analysis for employee financial wellness. Employers can now assess their employees against the broader Canadian workforce and evaluate gaps, challenges and opportunities.
 

By utilizing this robust benchmarking data, we can help you:

  • Understand the financial wellness trends, gaps and opportunities of your employee population compared to the Canadian market
  • Develop a targeted strategic roadmap that identifies financial wellness goals and appropriate interventions to improve employee financial & physical health
  • Improve how financial wellness program are governed including implementing metrics to track and measure workplace savings and employee financial security
  • Increase employee engagement in financial wellness program through innovative approaches to different demographics and aligning these programs with broader HR or employee engagement strategies

 


How Mercer can help

 

Financial wellness impacts overall employee wellness

According to the Mercer Canada Financial Wellness survey, when employees are not worried about their finances, they are more productive and engaged at work. We can help you improve employee engagement and wellness in numerous ways including the following:

 

Benefits of working with Mercer

 

Improve employee financial wellness

After reviewing the benchmarking data, we work with employers to improve the financial wellness of their employees by establishing key metrics, developing communication and education initiatives, and identifying tools.

Evaluate your retirement plans

By combining our Financial Wellness Index with our retirement readiness analytics tool, you can gain unprecedented access to quantitative and qualitative data to help enhance your employee retirement strategy.

 

Improve employee financial wellness

Mercer can help you improve employee overall wellbeing by combining your financial wellness strategy with your broader wellness initiatives. With this holistic approach, you can refine your entire employee benefits experience from onboarding to retirement.

By working with Mercer, employers can better understand their workforce metrics and identify areas for improvement. Together, we can implement a customized financial wellness plan that can support employees today, tomorrow and for years to come.


Contact your Mercer consultant today to learn more about your employee financial wellness.

To find out how you can give your employees financial help that focuses on their needs, fill in the info box below.
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