Helping Employees through Financial Difficulties

Most people go through financial heartache at some point or in their lives. Whether it’s paying back student loans, paying high mortgage payments or affording steep gas prices, sometimes staying financially afloat can be a very difficult.

If your employees find themselves struggling financially, there are things you can do to help them resolve these issues. You may already have the tools in place – your Employee Assistance Program (EAP). By incorporating financial assistance into your current EAP, you will be able to help your employees resolve their struggles with resources you can easily provide.

Typical Financial Services in an EAP

  • Tax planning and management
  • Investments
  • Risk management and insurance
  • Budget and cash management
  • Estate and gift planning
  • Retirement


Visit MacLennan & Bain on Facebook
Visit the MacLennan & Bain Website
214 Aberdeen Drive
Valparaiso, IN 46385
Phone: (219) 464-0100

For a variety of insurance services,
visit www.maclennanandbain.com

EAP Financial Service Benefits

  • Provides employees with much needed financial assistance and advice
  • Enhances the awareness of benefits that you offer
  • Attracts potential employees and retains existing ones
  • Assists in the work/life balance struggle by providinga service at work
  • Allows employees to make sound financial decisions
  • Enhances your compensation package and its value to your employees

Promoting Your EAP
To promote the use of financial assistance through your EAP, consider the following actions:

  • Periodically remind your employees that you have an EAP in place to assist them with all facets of their lives. Send out an email or newsletter highlighting its features.
  • Consider developing a partnership with a nonprofit organization in your area devoted to assisting individuals with financial trouble. Incorporate their tools into your EAP and offer a direct connection for your employees to those professionals.
  • Find ways at your office to help employees save money, such as starting a green campaign. Suggest that employees fill up water bottles instead of buying bottled water, turn off lights at home, open windows instead of using the air conditioner, etc. Ask that employees work these behaviors into both their work and home lives.
  • Help employees fight high gas prices by starting an online carpool message board, giving discounts for using local transit or offering telecommuting options so employees can work from home.