The purpose of our program is to:
- Recognize organizations with exemplary workplace financial education efforts to enhance employee financial understanding and well-being; and
- Encourage organizations to implement, support and further develop financial literacy programs in the workplace.
Companies who provide workplace education stand to gain!
Companies providing financial education show improvement in workplace including increased productivity, employee morale, and company loyalty and decreased healthcare costs, absenteeism, turnover, workplace distractions, and operational risk across the company. Financial education programs have the effect of contributing to the company’s bottom line between $3 and $4 for every dollar spent.
In addition, by submitting your application for the Workplace Honor Roll recognition program, your company will receive:
- recognition as a leader in workplace financial education in the State of Louisiana
- a certificate available to be posted in your place of business
- an electronic award certificate to post on your website
Eligible applicants must be businesses or non-profit organizations (including state and local government entities) that have implemented program(s) and courses that will increase employees’ ability to make sound financial decisions, and that these programs have had proven success in improving employee financial understanding and well-being.
Applicants will be evaluated using the following criteria:
- Longevity – Applicant must have provided education for at least 12 months with noted intention to continue to provide financial education for another 12 months.
- Participation rate – Applicant is to indicate number of employees who have participated in the program. The percentage of participation will be evaluated based on the number of total employees eligible to participate in the program.
- Eligible employees – Financial education should be offered to the majority of employees (meaning most – if not all – employees are invited to participate in educational programs, even if they choose not to).
- Topics to be covered – Eligible education programs must cover a percentage of key topics. Sample education programs could include such topics as: savings, credit management, home ownership; cash-flow planning; debt management; investment planning; retirement planning; insurance (auto, home, life, long-term care); estate planning; tax planning and preparation; fraud prevention; consumer protection; or any other issues related to financial security.
- Evidence of activity – Applicants are asked to provide evidence or proof of usage and results to ensure employees are using the education and are learning/improving financial literacy. Applicants may use a variety of methods to show measurable results including testing, employee surveys, or other objective evaluation methods.
Your completed application should be submitted by March 15, 2015. Click here for the online form.
Louisiana Jump$tart partners will review and evaluate the applications. An initial review will determine the completeness/sufficiency of all submitted applications by organization size. A second, in-depth review will be used to evaluate the applications using the evaluation criteria stated above.
Announcement of Workplace Honor Roll Designees
The Honor Roll will be published annually each April during Financial Literacy Month.
Empower Your Employees