Introducing the WLIFE Awards
What’s the value to employers who offer financial education to their staff? Research shows that workplace programs can:
- Reduce absenteeism
- Increase employee productivity
- Increase contributions to the company's retirement plans
- Increase employees’ allegiance to their company
To recognize organizations that are making a commitment to their employees well-being by offering exemplary workplace financial education efforts, and to encourage the implementation of such programs by more employers, the AICPA and the Society for Human Resource Management (SHRM) launched the Workplace Leaders in Financial Education Awards (WLIFE). This first-of-its-kind award started as a recommendation by the Subcommittee on Workplace Financial Education of George W. Bush’s President’s Advisory Council on Financial Literacy. According to a 2009 SHRM survey, 64 percent of employers offer financial education to workers.
Visit the website, wlife.org, to apply, find out more about the award and to learn how to develop or enhance a financial literacy program in your workplace. Winners will be announced October 2011. The AICPA and SHRM plan for this to be an annual award with Year 2 call for entries to begin March 2012. WLIFE is a facet of 360 Degrees of Financial Literacy, the volunteer effort of the CPA profession to improve the financial literacy of all Americans. For more information about volunteering in your community, visit aicpa.org/financialliteracy or visit your state society’s website.
Melora C. Heavey, Senior Manager – Communications, American Institute of CPAs. Melora manages the CPA profession’s volunteer effort, 360 Degrees of Financial Literacy, and the award-winning public service campaign, Feed the Pig. She serves as the staff liaison to the National CPA Financial Literacy Commission, the leadership body and primary spokespeople for 360 Degrees of Financial Literacy.