Even though only about a third of employers say they’re extremely familiar with the concept of financial wellness benefits, they’re hearing the rumblings—or feeling the consequences—of their employees’ lack of financial wellness. You can see it in the trend—a third of those who offer a financial wellness benefit to their employees added it just in the last year. So, even though some might not know what financial wellness is or what it should look like, they see the importance of offering it.

But back up for a second. If they don’t know what a financial wellness benefit should accomplish, how can they know what actually works? All the must-have features in the world can only take employees so far if they’re not engaged. If your financial wellness benefit provider offers a set-it-and-forget-it solution without driving engagement, you won’t see a long-term impact on your team. At SmartDollar, we know employee engagement is about more than the usual enrollment and usage numbers. We measure employees’ actual life-change. That’s what makes us different, and it’s why companies who offer SmartDollar are nearly 20% more likely to say they’re extremely satisfied with their financial wellness benefit.