WorldatWork Named Workplace Leader in Personal Finance Education Honored with national award for employee program that shows results
December 21, 2011 – Scottsdale, Ariz.–WorldatWork is one of nine U.S. organizations honored with the first award for excellence in workplace financial education that recognizes innovative programs teaching employees how to make better personal financial decisions.
WorldatWork received the award for creating the Financial Fitness Program to teach employees personal finance, increase financial literacy among its workforce, and decrease financial stress among workers. WorldatWork partnered with PricewaterhouseCoopers (PwC) to bring a variety of educational services including a Financial Fitness Assessment, personal coaching, seminars on budgeting and debt management, and help developing personalized long-term financial plans.
“WorldatWork provides financial education to take care of our most important investment–our employees,” said Kip Kipley, director of human resources for WorldatWork. “While the real reward for our Financial Fitness Program is the positive change it has had on the overall financial wellness of our staff, it is always nice to be recognized with an award!”
The AICPA and SHRM received more than 300 applications for the inaugural WLIFE award, which were judged by members of the President’s Advisory Council on Financial Literacy, the National CPA Financial Literacy Commission, human resource professionals and CPAs. The winning companies stood out because their financial education programs showed results, innovation, effective tactics and a significant scope in increasing employee financial wellness. The nine winners represent corporate, not-for-profit and government.
AICPA and SHRM define financial wellness as a person’s skill and knowledge for making sound decisions about personal finances, such as saving, budgeting, managing credit, education, tax and retirement planning, investing and choosing company benefits wisely. A financially literate workforce understands financial concepts such as the time value of money, the effects of inflation on savings, compound interest and the rate of growth and the benefits of deferred income and reinvested capital gains and interest.
WorldatWork (www.worldatwork.org) is a nonprofit human resources association for professionals and organizations focused on compensation, benefits, work-life effectiveness and total rewards — strategies to attract, motivate and retain an engaged and productive workforce. WorldatWork and its affiliates provide comprehensive education, certification, research, advocacy and community, enhancing careers of professionals and, ultimately, achieving better results for the organizations they serve. WorldatWork has more than 70,000 members and subscribers worldwide; 95 percent of Fortune 500 companies employ a WorldatWork member. Founded in 1955, WorldatWork is affiliated with more than 70 local human resources associations and has offices in Scottsdale, Ariz., and Washington, D.C.