nudge launches its financial health checkup to help employees understand and improve their financial health

October 2020, nudge has launched its financial health checkup, giving employees a clearer picture of their financial health and helping employers better understand the financial needs of their workforce.

The financial health checkup assesses employees across five areas of financial health: borrowing, learning, planning, saving, and spending. Each employee receives a personal financial health score and a personalized action plan to help them understand where they are today and what they could do next.

Rather than taking a one-size-fits-all approach, the financial health checkup helps employees identify the areas that may need greater attention and take relevant steps to improve their financial health over time.

Turning financial health insight into action

After completing the checkup, employees receive a tailored plan of relevant financial education, tools, and workplace benefits based on the areas where they may need support.

This creates a more personal experience, helping employees focus on what matters to their own financial circumstances rather than navigating information that may not be relevant to them.

Employees can revisit their financial health checkup over time, helping them understand how their financial health is changing and where further action could make a difference.

For employers, the financial health checkup provides an aggregated view of workforce financial health through nudge’s real-time data and insights.

HR and Reward teams can identify areas of financial need across their workforce, understand how those needs change over time, and make more informed decisions about the benefits and financial health support they provide.

A more personalized approach to employee financial health

The launch builds on nudge’s belief that support should reflect the individual circumstances of every employee.

By combining individual financial health insights with a personalized action plan, the financial health checkup connects understanding with practical next steps, while giving employers greater insight into where their people may need support.

The financial health checkup is available through the nudge financial health platform.