Get access to the exclusive HR Resources you need to succeed in 2018.
Sign up for free email newsletters and get more SHRM content delivered to your inbox.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 14 cities across the U.S. this fall.
Gain the skills you need to rise to the next level in your career. Jon us at SHRM's Leadership Development Forum, October 2-3 in Boston.
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
The Society for Human Resource Management (SHRM) and the American Institute of Certified Public Accountants (AICPA) are partnering on the Workplace Leaders in Financial Education award to salute employers who are improving employee engagement by helping employees increase their financial competency and to encourage other employers to follow their lead.
Recent research funded by a SHRM Foundation grant, for example, found that fear of foreclosure is a factor affecting employees’ desire to leave one employer for another.
“Research has shown that workers who have fewer financial concerns at home are more focused and productive at work,” said SHRM Interim President and CEO Henry G. “Hank” Jackson, CPA. “Through the establishment of this award, we hope to honor employers with successful financial education programs and mobilize employers who aren’t currently offering programs to their employees to do so.”
All employers—corporate, not-for-profit and government—with offices in the United States are eligible for a Workplace Leader in Financial Education Award. Interested organizations can submit award applications through July 1 at www.wlife.org, which includes a toolkit and information to help employers develop their own financial education programs. Applications will be evaluated on the scope of the program, tactics, results and innovation.
SHRM has advocated for financial literacy in the workplace for several years. In 2008, then SHRM Board Chair Janet Parker—now SHRM’s chief global membership officer—was one of 15 members of the President’s Advisory Council on Financial Literacy, housed in the U.S. Department of the Treasury.
SHRM’s partnership with AICPA stems from a recommendation from that council’s Workplace Committee. Many of AICPA’s 370,000 members volunteer as part of the association’s 360 Degrees of Financial Literacy initiative, and many SHRM members have launched financial education programs in their workplaces, according to Jackson.
Applicants for the Workplace Leaders in Financial Education award are asked to provide an overview of their organization’s financial education program along with details about the program. Winners will be announced in the fall of 2011, and best practices from those employers will be highlighted.
More Employers Consider Financial Literacy Programs, HR News, December 2008
Employees’ Financial Literacy Improves Bottom Line, HR News, August 2008
Easing the Burden of Employees’ Debt, HR Magazine, July 2008
Parker Named to Presidential Commission on Financial Literacy, HR News, January 2008
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Please sign in as a SHRM member before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
HR Education in a City Near You
SHRM’s HR Vendor Directory contains over 10,000 companies