Employee Productivity and Retention

A Case for College Planning Benefits

Stress is America's Number One Health Problem
"Job Stress is estimated to cost U.S. Industry $300 billion annually, as assessed by absenteeism, diminished productivity, employee turnover, direct medical, legal and insurance fees, etc." American Institute of Stress, Yonkers, NY

Financial Concerns are a Major Cause of Employee Stress
"If you ask 100 people to name their major sources of stress, most likely they will include "finances" or "money". And it is no wonder. Prices are rising, jobs are uncertain and college and retirement costs are increasing every year." Excedrin Headache Resource Center/Bristol Myers, Squibb

"Approximately 15 percent of workers in the United States are currently experiencing stress from poor financial behaviors to the extent that it negatively impacts their productivity. At some work sites the proportion is as high as 40 to 50 percent. It is estimated that perhaps one-half of workers with personal financial problems also are likely to be performing poorly on the job, and this negatively impacts their employers. The cost to the Department of Defense is about $1 billion annually." E. Thomas Garman, Fellow and Professor, Virginia Tech

Paying for College is a Major Financial Concern
"The importance placed on their child's education was corroborated when almost one-third of the parents (31%) said their child's college education was their highest priority. This was second only to the 38% of parents who indicated their everyday budget was their first financial priority and almost twice the percentage of parents who named retirement (17%) as their first priority. In addition, a college education was among the top three financial priorities for nine in ten respondents." The Sallie Mae Education Institute

"A recent report by the General Accounting Office (GAO) has found that during the past 15 years, tuition increases have outpaced household income gains by a 3 to 1 margin. According to the GAO, the average tuition for undergraduate students at public four-year colleges has increased 234 percent since 1980, while the average household income rose only 82%." General Accounting Office, Parent News for October 1996

"Student loans have risen from 41% of all student aid in 1980-81 to 58% during 1998-99, while grants have fallen off from 55% to 40% of all financial aid for the same time period." The College Board, Trends in Student Aid

Employee Financial Education is Effective in Reducing Stress
"Smart employers realize that good financial wellness and key measures of productivity are positively related. Such employers know that spending money to give workers comprehensive personal finance education will provide a positive return on investment for every single dollar invested." E. Thomas Garman, Fellow and Professor, Virginia Tech

Employee Retention is a Critical Issue for Employers
"The US Department of Labor estimates that it costs a company one-third of it's new hire's annual salary to replace an employee." American Management Association, HR Focus

"Employee turnover can have a devastating effect on pretax income. Some experts feel it is a major contributor to lagging US productivity and the failure of US industries to compete effectively. In the US there is a 30% turnover in all front line jobs." Positive Directions, Inc.

Enhanced Benefit Programs Can Impact Employee Retention
"Another study on worker retention by Sibson and Co of New Jersey found that focused incentive programs aimed at core workers kept good people and improved productivity."
Business Psychology News

"To retain new hires, almost 30% of respondents say they offer additional employee benefits at the start of employment." Thomas Staffing, Employee Retention Survey Results 1999

In the Next Decade College Planning Will Increase in Importance
"The number of high school graduates will increase by 13% between 1999 and 2009. College enrollment figures for 18-24 year olds will grow from 8,200,000 this year to 9,600,000 by the year 2009." The College Board

"The gap between disposable Per Capita Income and College Costs is narrowing." The College Board, Trends in College Pricing

Campus Financial Provides an Integrated Program of Seminars/ Workshops and Hands-on Counseling, designed to Meet the College Planning needs of your Employees.

On-site Consulting, Workshop and Seminar Services

On-site Consulting Services: Two to four 2 hour seminars (see below). Comprehensive workbooks are provided to participants. Subsequent personal confidential consultation is available on-site, as scheduled (one day every other month, or per month)

Two Seminars, six days on site
Four Seminars, twelve days on site

Consultation Services Provided

Estimated Family Contribution Evaluation: Calculation of the family's financial aid eligibility

College Profiles: Informational profiles and comparative analysis of colleges, outlining their requirements, educational programs and financial aid policies.

Private Aid: Tailored list of available private scholarships based on the student's profile.

Career Assessment:On-line career search and interest inventory.

Financial Aid Eligibility Consultation: Planning meeting to provide analysis of the family's finances, avenues to increase financial aid eligibility.

Marketing: Guidance and assistance in effectively marketing the student to financial aid offices.

Administrative Support: Assistance in compiling required financial data to file the FAFSA, CSS Profile and other institutional forms as required.

Electronic Filing of FAFSA

Electronic Filing of CSS Profile Registration

Workshops: Half-day workshops that go in-depth for College Savings and/or Financial Aid. Includes workbook and detailed session on financial aid forms and/or savings plans.

College Savings, w/ workbook
Financial Aid, w/ workbook

Seminars: 60 to 90 min., with workbook

College Savings - "The Four Principles of Successfully Investing for College"
A one hour presentation providing insight and practical information for parents challenged with saving money for college. Addresses the investment, tax and financial aid implications of various investment approaches. (20 minimum)

Financial Aid - "From Planning to Reacting-Maximizing Financial Aid"
A one and a half hour presentation addressing the nuts and bolts of student financial aid. Provides a practical approach to career exploration, shopping for the right college, marketing the student for maximum assistance and facilitating the financial aid process. (20 minimum)

Seminar attendees receive comprehensive instructional material and financial aid calendars.

Campus Financial Can Help You Build Your Bottom Line!