Employer ROI calculat

BC-Employer-ROI-calculat

To: NATIONAL EDITORS

Contact: E. Thomas Garman, President, Personal Finance Employee Education

Foundation, +1-352-347-1345

ORLANDO, Fla., Dec. 17 /PRNewswire-USNewswire/ -- "In these difficult

economic times more employers are investing in quality workplace financial

programs because the return-on-investment (ROI) is often 3:1 or more," says

Dr. E. Thomas Garman, president, Personal Finance Employee Education

Foundation (PFEEF).

A free online PFEEF ROI Calculator is available on the charitable

foundation's website (http://www.PersonalFinanceFoundation.org).

Employers can obtain their ROI estimate based on responses to six

questions on the PFEEF website (http://www.PersonalFinanceFoundation.org), and they

can immediately print out their projected ROI for providing employees with

easy access to financial programs that genuinely improve personal financial

behaviors.

Research shows when employees' financial well-being increases through

employer-provided financial education, work outcomes also improve.

PFEEF reports that for every dollar an employer invests in a quality

workplace financial education program, they enjoy a $3 return on investment or

more. The return is after accounting for the cost of the educational program.

For example, the employer who invests $150 per employee for a workplace

financial program PFEEF projects will earn a return of $450 within one year.

The return is based upon industry data and empirical research.

Conservative calculations reveal improvements in ten employee work outcomes,

such as job performance, turnover, absenteeism, health care costs, and less

employee work time wasted dealing with personal financial concerns. PFEEF's

research goes back over 20 years and over 60 studies are on its website.

Upon request PFEEF also can prepare a very detailed employer-specific

return-on-investment report that contains all of the assumptions and

calculations to be shown to an employer's management team. PFEEF can predict

the employer's return as well as prove it later following the delivery of

financial education.

"Workers who learn to become better money managers and make better

personal financial decisions are absent less, waste less time at work dealing

with financial matters, perform their jobs better, reduce health care costs to

the employer, and have fewer garnishments and Workers Compensation claims,"

says PFEEF's Director of Research, Dr. Aimee Prawitz.

"This translates into happier, healthier, more productive employees who go

to work because they like working there. The positive outcomes for employers

are real and tangible," says Alan Gappinger, CEO of Heartland Institute, and a

member of the PFEEF Board of Trustees.

"As stewards of employee well-being," says Bill Pomeroy, President of The

EDSA Group, and a member of the PFEEF Board of Trustees, "Employers should be

willing to empower employees by providing them easy access to quality

financial education, not simply to increase company profits, but because it is

the right thing to do."

SOURCE Personal Finance Employee Education Foundation

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