Financial Literacy is Focus of ValueOptions® Client Communications Program
New client initiative addresses financial concerns and behavioral health issues in the workplace
Norfolk, Virginia — OCTOBER 30, 2008
In response to the economic downturn, ValueOptions®, Inc., the nation’s largest independent behavioral health care company, has launched a client outreach and communications program to help corporate clients address financial-related concerns among their employees. The purpose of the client communications initiative is to raise awareness of the importance of financial literacy among employees and provide coping strategies for dealing with financial fears and stress.
"Anxieties about the economy are distracting employees and causing disruptions in the workplace that include absenteeism and poor work performance," said Rich Paul, Vice President, ValueOptions® Health & Performance Solutions. "We are providing our clients with the tools and resources to help employees enhance their financial literacy and make positive decisions for themselves and their families. Keeping employees informed can curb stress levels and alleviate other behavioral health issues which impact the workplace."
As part of its financial literacy communications program, ValueOptions® conducted a client Webinar titled, "Distracted by Money: Helping Distressed Workers During Tough Financial Times." The presentation was given by Dr. Thomas Garman, a renowned author, advisor and academic, who spoke to employers about the importance of increasing financial literacy among employees.
To address the rising number of bankruptcy filings, home foreclosures and layoffs, ValueOptions® is providing clients with its suite of legal and financial services, as well as offering career coaching and vocational assistance through a partnership with a premier career counseling service.
In addition, ValueOptions® is distributing client newsletters and handbooks devoted to this issue. Its handbook titled, "Coping with Financial Uncertainties," is posted on ValueOptions® Web site at http://www.valueoptions.com/company/Releases/Coping_With_Financial_Stress.htm.
"The good news is that while the economy is trying to recover, companies can enhance their ability to survive through tough times," said Paul. "We are providing our clients with the tools and resources to protect the health and well-being of their employees and their organization."