As many employees face more financial challenges that affect productivity, engagement, and retention, financial wellness has become as important as physical and mental health.
Sprout offers services to address the various HR challenges that businesses face today. We developed solutions to encourage employee financial wellness in line with our purpose.
Resources like this can help you build a more positive employer brand, keep your workforce happy and engaged, and encourage top talent to stay with you.
What Does Being a Financial Wellness Advocate Mean?
This 2023, Sprout wants to celebrate employers who put their workforce first. Thus, we introduced the Certified Great Employers campaign. It recognizes organizations focusing on professional growth, mental and physical health, and the financial wellness of employees.
Companies using InstaCash, our salary advance solution, will become certified Financial Wellness Advocates. This award shows that these employers care about the Financial Wellness of their employees and what’s best for them.
According to the Bangko Sentral ng Pilipinas, 30% of Filipino adults don’t meet their regular spending needs every month. Employees can also face serious financial issues, and it’s natural for them to seek assistance from their employers.
InstaCash allows employees to get emergency cash within minutes, on demand, and from any device. Activating this product assures team members you’ll help them become financially independent and healthy.
How Do You Become a Certified Financial Wellness Advocate?
If you’re already a Sprout Ecosystem user, you can get the Financial Wellness Advocate recognition by activating InstaCash by contacting your Customer Success Manager (CSM). You can also visit the InstaCash product page for more information.
Why Should Your Company Use InstaCash?
Salary advances through InstaCash benefits you and your employees in the following ways.
- They ease your workers' financial burdens and encourage them to manage their expenses properly.
- By reducing your employees’ financial stress, you boost productivity.
- They help ensure that top talent sticks around, improving your company’s retention rates.
How Do You Share Your Financial Wellness Advocate Badge?
After setting up InstaCash, you’ll receive a Financial Wellness Advocate badge. Feel free to share it on your company’s social media pages, presentations, or email signatures.
Want to show your award on LinkedIn? Here’s how to upload it to your profile.
- Go to your LinkedIn Profile and Click the “Add Profile Section” button.
- Under “Recommended”, click “add licenses & certifications.”
- Fill out the necessary details of your award.
Use #CertifiedGreatEmployer and tag Sprout Solutions when you post about your award. Let’s celebrate this win together!
Why Share Your Financial Wellness Advocate Certification?
Getting this award lets job seekers know you’re a Great Employer that cares about their financial wellness. 76% of employees want to work for companies that prioritize their financial well-being, as PwC’s recent research shows.
Moreover, being a certified Financial Wellness Advocate helps improve your employer branding initiatives by establishing you as an organization that puts employees first.
Take Your First Step to Ensure Financially Healthy Teams
The Financial Wellness Advocate certificate is one of three awards under Sprout’s Certified Great Employers campaign.
Employers can also become certified Mind and Body Wellness and Learning and Development Advocates. We give these awards to companies prioritizing their workforce’s mental and physical well-being and career growth.
Want more details on our Certified Great Employers campaign? Read our posts about the two awards we’ve mentioned on our blog today.