Limeade Tackles Employee Stress with Financial Well-Being
New package makes it easy for employers to support employee well-being improvement
Bellevue, Wash., May 3, 2016 –– Corporate wellness technology company Limeade launched its new financial well-being package today to help employees assess and improve their financial health. The new package empowers employers to provide resources and activities, reward employee participation, and seamlessly integrate with current financial programs.
Research shows that personal finance is one of the top stressors for employees. According to PwC US, 28 percent of employees report personal finance distractions at work, up from 20 percent in 2015.
“We take a whole employee approach to well-being, which includes financial health,” said Justin Jed, vice president of product management at Limeade. “When employees aren’t worried about finances, they’re less stressed and ready to be more engaged at work. This new offering helps employers help employees ─ ultimately improving everyone’s bottom line.”
The new financial well-being package includes the following:
Limeade Well-Being Assessment questions about financial well-being, based on recommendations from the Consumer Finance Protection Bureau
16 expert-backed financial activities and challenges
The ability to reward employee participation in financial activities
Integration with existing financial benefits like 401(k) plans
The Limeade Well-Being Assessment questions help employees benchmark all parts of their personal well-being. Once employees understand their financial profile, they can discover and join challenges aligned with their personal goals. As employees complete challenges, they earn points toward company-sponsored rewards, such as health savings account contributions, vacation time and company swag.
The new financial well-being challenges educate employees, recommend specific actions and integrate with the financial benefits employers already provide. Specific challenges include:
Check Your Spending Leaks
Contribute to Your 401(k)
Create or Update Your Will
“We’ve learned that a one-size-fits-all approach doesn’t work,” Jed said. “That’s why we created a variety of financial challenges, so every employee can focus on what matters most ─ from budgeting and debt repayment to retirement readiness.”
Limeade will continue to add financial well-being activities over time. For more information about the new financial well-being package, please contact [email protected].
About Limeade Limeade is a corporate wellness technology company that measurably improves employee health, well-being and performance, while building cultures that support well-being. Employees earn points and rewards for taking steps to improve well-being, while employers move the needle on their business goals. Recognized for its own award-winning culture, Limeade serves over 100 employers and top global brands. Learn more on www.limeade.com.
Limeade released new employment data demonstrating concentrated focus on increasing gender representation across its global workforce. As of February 2022, Limeade reported 51% women make up the employee population and 48% of director-level and above leadership roles are held by women.