More employers are concerned about whether their workers are saving enough ... and not just for retirement.
More than 90 percent of 250 large employers said they want to introduce or expand their financial wellness programs this year, according to a survey by benefits consulting firm Aon Hewitt.
In addition to explaining how to get the most from employee benefits, financial wellness programs focus on helping employees track where their money goes, build emergency funds and cope with financial pressures.
"It's a cultural shift. Financial wellness takes a more holistic approach to an employee's finances," said Megan Yost, head of participant engagement at State Street Global Advisors' defined contribution retirement plans. "It's about reducing financial stress and improving productivity."
There's no question that money problems stress out workers. Nearly 1 in 4 employees say their finances have been a distraction at work, according to accounting firm PwC's 2014 survey of financial wellness programs. And Americans have named money as their top source of stress every year since 2007, when the American Psychological Association started its "Stress in America" report.