More Employers Now Helping Workers
                                          Achieve Financial Wellness
 
 
More employers are expanding their wellness programs with the goal of improving their employees’ financial wellness and security. Companies such as Staples Inc., PepsiCo. Inc. and Meredith Co. have begun offering programs to improve their workers’ financial wellness, according to a recent article in The Wall Street Journal.


The financial wellness programs are modeled after physical wellness programs that invite employees to lose weight or undergo health screenings. Financial wellness programs include finance classes, counseling sessions and even videogames designed to help staffers pay down debt, stick to a budget and invest for their retirement. Employers say the programs are also boosting productivity, citing research findings that suggest workers under financial strain can be distracted and absent from work.



 In response, Brian Cosgray, cofounder and CEO of DoubleNet Pay, says: "Historically, employers have done a pretty good job of helping employees with retirement planning, but it turns out that’s only half of the picture. Many employees need help managing their finances today—paying bills, saving for necessities, such as emergencies and loss of income, and having a clear view of discretionary funds. It’s difficult for employees to grasp the importance of saving for retirement when they’re having difficulty managing their current financial needs. 


“We’re heartened to see employers turning their focus to their employees’ current cash management issues.  While educational and rewards programs may be helpful, they don’t ensure lasting behavior change. Simply educating employees on best financial practices in preparation for retirement is not enough. Employees lead busy lives, juggling multiple work and family priorities. They need tools that make managing their daily finances and saving easier.


“At DoubleNet Pay, we believe in using technology to automate personal finance best practices. An actionable, mobile solution that does the work for employees can decrease stress caused by financial issues—requiring a minimum amount of input from them and enabling them to focus on the more pressing demands of their work and families.”  


About DoubleNet Pay


DoubleNet Pay is a leading-edge financial wellness app that fully integrates with employer payroll providers to automatically pay employees’ bills and fund savings plans. DoubleNet Pay is named for and founded on the principle that bills should be paid and savings funded before discretionary spending. By making this good habit automatic, employees can see their actual disposable income—their DoubleNet Pay—for each pay period. In this way, DoubleNet Pay helps reduce or eliminate financial emergencies caused by unexpected bills and "too much month left at the end of the money.”    
  
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If you’d like to interview Brian, please contact:
Robin Schoen
 Robin Schoen Public Relations
215.505.2122 o
215.595.7542 m
rschoen@robinschoenpr.com