Our Mission:
Helping employees achieve stability by providing objective financial advice without product sales.
We provide financial advice for employees on a Per Employee Per Month (PEPM) subscription from the employer. Our passion is financial wellness and it’s all we do. We offer completely objective and unbiased financial counseling without any product sales. We connect everyday Americans, who have real financial questions, to qualified financial experts without any conflicts of interest.
Why should an employer be concerned about their employees’ financial well-being?
3:1
ROI for every dollar an employer invests into financial education for their employees.¹
25%
of employees have a financial problem severe enough to impact productivity at work.¹
83%
of HR professionals reported that personal financial challenges had a large impact or some impact on overall employee performance.³
Employees with financial stress are 11x more likely to have disturbed sleep than those who aren’t under similar stress. They are 10x more likely to not finish daily work tasks, 9x more likely to have troubled relationships with their co-workers, and 2x more likely to be looking for a new job. They also lose, on average, 3 hours per week to money worries and 1.6 days per year on financial stress-related sick days. (Source: 2020 Salary Finance Study)
13-18%
of a company’s annual salary is lost to employee absenteeism, lack of retention, and productivity loss from employee financial stress.
(Source: Salary Finance, 2020 study)
46%
of financially stressed employees spend three or more working hours per week thinking about or dealing with personal finance issues.²
78%
of employees surveyed believe their employer should assist them in achieving financial wellness during their working years.°
Employees who are financially stable are less likely to miss work, steal from their employer, or leave their current employer for another job, even if the new job pays more. They are more likely to be proud of where they work and recommend their employer as a great place to work.
76%
of financially stressed employees would be attracted by another company that cared more about their financial well-being.²
1 in 8
employees admit to missing work due to financial worries.²
46%
of all employees say financial matters cause them the most stress in their lives.²
What services does forthright provide?
Phone-based or Virtual Financial Counseling
Unlimited access to a Forthright financial expert to discuss any financial topic that the participant needs help with. Topics of discussion include:
Retirement Planning
Debt Management
Investments
Social Security
Insurance
Employee Benefits
Major Purchases
Estate Planning
IRA/401(k) Planning
Credit
Budgeting
College Funding
and many more…
On-site Educational Workshops
Our corporate clients receive on-site educational workshops on the topics of their choosing. These can be tailored to the specific needs of the workforce and are typically delivered in several 30-60 minutes sessions to ensure everyone can attend.
for more information, email us at Admin@MyForthright.com
¹ Benefits of Financial Counseling and Education in the Workplace, Kim McGrigg 6/8/2011, Money Management International
² PwC 2017 Employee Financial Wellness Survey
³ Society for Human Resources Management 2014 Employee Financial Stress Survey
° The Value of Employees’ Financial Wellness. CFO Research/Prudential. ©2016 CFO Publishing LLC.