Organizational Strategies for Health and Financial Wellness Course Outline
In this 2-day course, you will walk away with actionable strategies you can incorporate to create an impactful and relevant wholistic wellness program to help attract and retain employees and create a thriving workplace culture and avoid mental burnout and quiet quitting within your organization.
Day 1
8:00 – 8:30 Course Introduction – Overview
- Course content and learning objectives
- Wellness Marketplace
8:30 – 9:00 Introduction to day 1 content and learning objectives
- Terminology and concepts
- Health care literacy
- Population health management
- Current buzz words
- Defining stakeholders and drivers (the below are examples, not intended to be all encompassing)
- Corporate Employers
- Drivers: Medical plan costs, absentee costs, productivity, recruiting, public relations, corporate culture, etc.
- Public Employers
- Community based approaches
- Taft-Hartley Plan Sponsors
- Stakeholders: Employer, Union, Trustees/board
- Individuals/Plan members
9:00 – 9:30 Behavioral Influences
- Who do wellness programs impact?
- Intrinsic vs. extrinsic motivation
- Spectrum of health in an organization and how to engage all
9:30 -10:15 Making the Case for Wellness
- Do wellness plans provide a ROI?
- Reasons for implementation besides expected ROI
- Obtaining key stakeholder buy-in
10:15 – 10:30 Break
10:30 – Noon Developing a Worksite Wellness Program – Strategic
- Engaging key stakeholders
- Developing a committee
- Understanding the demographics and culture of your organization
- Branding your initiative
- Obtaining and utilize employee/member input
- Creating awareness and engagement
- Use of incentives
- Accountability
- Sustainability
- Establishing expected outcomes and methods of measurement
- Selecting vendor and community partners
12:00 – 12:45 Lunch
12:45 – 2:45 Developing a Worksite Wellness Program – Tactical
- What works – what doesn’t?
- Examples
- Developing content
- Developing champions/peer programs
3:00 – 4:15 Case Study Part 1
Day 2
8:00 – 8:30 Introduction to Day 2
- Workforce wellness and well-being and the impact of financial issues
- Terminology and concepts
- Defining financial literacy
- How it differs from retirement security
- Employee/Member financial security’s impact on workforce planning
- Defining stakeholders and drivers (the below are examples, not intended to be all encompassing)
- Corporate Employers
- Drivers: Industry, size, employer longevity, workforce and succession planning, etc.
- Differing stakeholders: Human resources, finance, c-suite
- Public Employers
- Differing career paths (ex: police/fire with shorter tenure vs. teacher)
- Impact of politics, including public opinion/perception
- Taft-Hartley Plan Sponsors
- Stakeholders: Employer, Union, Trustees/board
- Individuals/Plan Members
8:30 – 9:00 The Scope of the Retirement Security and Financial Literacy Problem
9:00 – 9:30 The Pillars of All Financial Planning
9:30 – 9:45 Break
9:45 – 10:30 Demographic Challenges
- Financial concerns – A Generational Approach
- Millennials
- What research suggests
- Hurdles millennials face
- Available tools
- Building self-reliance
- Gen X
- What research suggests
- The tougher choices – savings vs. ongoing needs
- Available tools
- Baby Boom
- What research suggests
- The role of DC, DB, and Social Security
- Understanding retirement risks
- Gen Z
- What do we need to be prepared for?
10:30 – 11:30 The Lessons of Behavioral Finance
- Why behavior matters
- Emotional Biases
- Cognitive Biases
- Avoiding stumbling blocks
- Your employees and behavioral influence
- Changing their perspective
- Case study examples
11:30 – 12:15 Lunch
12:15 – 12:45 Developing Financial Literacy Content – Strategic
- Understanding your organization’s demographics and culture
- Aligning your program with benefits offered
- Obtaining key stakeholder buy-in
- Determining your strategy
- Branding your initiative
- What works – what doesn’t?
- Establishing expected outcomes and methods of measurement
- Selecting vendor and community partners
12:45 – 2:00 Developing Financial Literacy Content – Tactical
- Just-in-time financial education
- Examples
- Developing Content
- Tiered financial education
- Event driven
- Examples
- Developing Content
- Using stories and peer involvement
- Cross platform delivery methods
2:00 - 3:30 Case Study Part 2
3:30 – 3:45
- Questions
- Closing and Evaluations