Care Plus Solutions offers our clients and their employees no cost, 30 minute telephonic consultations with financial coaches in our network. Financial coaches are seasoned financial professionals and licensed CPA’s. Consultations are limited to one per issue.
If an employee wishes to retain their coach for additional services, he or she may elect to continue working with their coach at a reduced monthly rate. This service provides the employee with unlimited access to their financial coach and the employee may continue on a month to month basis. This additional offering is convenient for issues such as budgeting and retirement, as these matters often require more assistance than the 30 minute consultation allows.
Care Plus Solutions’ EAP financial services provide employees with access to financial counselors who offer budgeting, debt management, retirement planning, and investment advice to manage their financial concerns.
28% of employees with financial stress report missing work due to financial issues. 1
Financial stress is a leading cause of absenteeism, costing employers $2,000 per employee annually. 2
60% of employees say that financial wellness programs make them more likely to stay with their employer. 3
Financial stress is linked to poor physical health, including high blood pressure and heart disease. 4
83% of employees say they would use financial wellness services if their employer offered them. 5
This list is not exhaustive.
Employees are also entitled to receive one 30-minute income tax planning related consultation per year on each separate tax issue they encounter. Preparation of all personal income tax documents are prepared by a CPA at a preferred rate reduction of 25% from the CPA’s normal fee.
Managing finances can be stressful, especially when employees face unexpected financial issues. Financial stress can lead to absenteeism, decreased productivity, and increased healthcare costs. Care Plus Solutions provides financial services through its Employee Assistance Program (EAP) to help employees manage their financial concerns.
Financial services are a range of services provided by financial institutions, such as banks and credit unions, to help people manage their finances. These services may include budgeting, debt management, retirement planning, and investment advice. Care Plus Solutions provides financial services through its EAP to help employees navigate through their financial concerns.
Employees who are struggling with financial stress may feel overwhelmed and uncertain about how to manage their financial concerns. Care Plus Solutions’ EAP provides employees with access to financial counselors who can help them create a budget, manage their debts, plan for retirement, and provide investment advice. These financial counselors can help employees understand their financial options and make informed decisions.
Reduced Absenteeism: Financial stress can lead to absenteeism as employees may need to take time off work to deal with their financial issues. Care Plus Solutions’ EAP financial services can help employees manage their financial concerns, reducing the need for time off work due to financial stress.
Increased Productivity: Employees who are financially stressed may struggle to focus on their work, leading to decreased productivity. Care Plus Solutions’ EAP financial services can help employees manage their financial concerns, allowing them to focus on their work and increase their productivity.
Improved Employee Morale: Financial stress can take a toll on employees’ mental health and overall well-being, leading to decreased morale. CPS’s EAP financial services can help employees manage their financial concerns, reducing their stress levels and improving their overall well-being.
Decreased Healthcare Costs: Financial stress can lead to physical health problems, such as hypertension and depression, which can increase healthcare costs. CPS’s EAP financial services can help employees manage their financial concerns, reducing their stress levels and, in turn, reducing healthcare costs.
Increased Employee Retention: Employees who feel supported by their employer are more likely to stay with the company long-term. Providing an EAP can demonstrate an employer’s commitment to their employees’ well-being, leading to increased employee retention.
Managing finances can be a challenge, but Care Plus Solutions’ EAP financial services can help employees navigate through their financial concerns. By providing financial counseling, employees can manage their financial stress, leading to reduced absenteeism, increased productivity, improved morale, decreased healthcare costs, and increased employee retention. At Care Plus Solutions, we are committed to helping employees manage their financial concerns and improve their overall well-being.
You’ve got a lot on your mind as a business owner, employee, spouse, parent, etc. Some days it can be challenging to balance time between your projects, family life, and any personal interests you might have. It can be overwhelming when you feel like......
Counseling program support for small business owners. Regardless of what industry you are in, today’s workforce is being pulled in multiple directions at increasing rates. Due to the global pandemic, employees have had to adjust to working from home, working from home with......
Now more than ever, employers are recognizing the importance of employee wellbeing. When employees are well and are in a good state of mental health, the business will flourish. Why? Because your team is able to focus on their tasks and be more productive.......
There are times when your employees will deal with unprecedented traumatic experiences, also known as critical incidents. Knowing what to do as an employer or manager is vital to the health of your team and business. A traumatic experience can do a multitude of......
In just the United States, 48.9 million people have some form of disability or another. Be they physical or mental impairments, these disabilities can put limitations on their lives. What does managing employees with autism or other disabilities look like in the workplace? Working......
What is Teletherapy? Teletherapy is remote mental health counseling, provided via phone or a secure video conferencing application. It is a subcategory of the larger telehealth or telemedicine movement, which has been increasing dramatically in our world, due to both advancements in technology and......
References:
“2018 PwC Employee Financial Wellness Survey.” PwC, 2018, www.pwc.com/us/en/private-company-services/publications/financial-well-being-retirement-survey.html.
“The True Cost of Employee Absences – HR News.” HR News, 4 Nov. 2021, www.hrnews.co.uk/the-true-cost-of-employee-absences/.
“How to Make the Case for Financial Wellness Benefits to Your CEO.” Forbes, 4 Feb. 2019, www.forbes.com/sites/brianthompson1/2019/02/04/how-to-make-the-case-for-financial-wellness-benefits-to-your-ceo/?sh=12512fc55827.
“Financial Stress and Your Health.” American Psychological Association, 2019, www.apa.org/news/press/releases/stress/2018/financial-stress.
“2021 Workplace Benefits Report: Providing Financial Wellness Programs.” Bank of America, 2021, www.benefitsinfo.bankofamerica.com/wp-content/uploads/2021/05/2021-Workplace-Benefits-Report_Providing-Financial-Wellness-Programs.pdf.
