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.
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.
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.
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:
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:
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.
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.
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.
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