page contents

Nonprofit employer guide to workplace financial wellness programs

Nonprofit organizations represent more than 10 percent of all private employment in the U.S. Our work impacts millions of causes and communities across the globe, and we rely on the skill and passion of our people to make that impact – which is why their productivity, effectiveness, and dedication is paramount to our impact.

It is well documented that financial stress lowers productivity, engagement, and overall well-being. It is also true that nonprofit employees are often compensated at lower levels than their counterparts in government and for-profits. Of course, our people have the same wants and needs as any – purchasing a home, educating their children, retiring with security – which means nonprofit employers must rethink the compensation and benefit strategies that contribute to employee stress, and the likelihood they’ll consider employment elsewhere.

One beneficial initiative, for both employers and employees, is a financial wellness program – an option well within reach of every nonprofit, but largely overlooked. Financial wellness programs provide resources and initiatives to help employees improve financial competency, confidence, and well-being. The result is lower stress, higher productivity, a decrease in turnover and absenteeism, and an increase in engagement – all of which leads, ultimately, to increased organizational impact.

We thank you for exploring ways to further support your people, and we thank our partners for helping us create this resource.

Share This