Buck Consultants at Xerox is launching SavIncent, a new financial wellness program that improves employees' financial health and retirement readiness.
Unlike anything currently available to employers, this program uses monetary incentives to reward workers' financial improvement activities—much the same way many workers are already being rewarded for their wellness activities.
"Employers already understand that physically healthy workers are more productive, so many have introduced incentivized wellness programs to drive healthy behaviors," says Lori Block, Principal and Engagement Consultant, Buck Consultants at Xerox. "We are now introducing the very first financial wellness program to increase employees' retirement savings, using employer contributions as rewards for participation in financial wellness activities."
