ORLANDO, Fla., Dec. 17 /PRNewswire-USNewswire/ -- "In these difficult economic times more employers are investing in quality workplace financial programs because the return-on-investment (ROI) is often 3:1 or more," says Dr. E. Thomas Garman, president, Personal Finance Employee Education Foundation (PFEEF).

A free online PFEEF ROI Calculator is available on the charitable foundation's website (www.PersonalFinanceFoundation.org).

Employers can obtain their ROI estimate based on responses to six questions on the PFEEF website (www.PersonalFinanceFoundation.org), and they can immediately print out their projected ROI for providing employees with easy access to financial programs that genuinely improve personal financial behaviors.

Research shows when employees' financial well-being increases through employer-provided financial education, work outcomes also improve.

PFEEF reports that for every dollar an employer invests in a quality workplace financial education program, they enjoy a $3 return on investment or more. The return is after accounting for the cost of the educational program. For example, the employer who invests $150 per employee for a workplace financial program PFEEF projects will earn a return of $450 within one year.

The return is based upon industry data and empirical research. Conservative calculations reveal improvements in ten employee work outcomes, such as job performance, turnover, absenteeism, health care costs, and less employee work time wasted dealing with personal financial concerns. PFEEF's research goes back over 20 years and over 60 studies are on its website.

Upon request PFEEF also can prepare a very detailed employer-specific return-on-investment report that contains all of the assumptions and calculations to be shown to an employer's management team. PFEEF can predict the employer's return as well as prove it later following the delivery of financial education.

"Workers who learn to become better money managers and make better personal financial decisions are absent less, waste less time at work dealing with financial matters, perform their jobs better, reduce health care costs to the employer, and have fewer garnishments and Workers Compensation claims," says PFEEF's Director of Research, Dr. Aimee Prawitz.

"This translates into happier, healthier, more productive employees who go to work because they like working there. The positive outcomes for employers are real and tangible," says Alan Gappinger, CEO of Heartland Institute, and a member of the PFEEF Board of Trustees.

"As stewards of employee well-being," says Bill Pomeroy, President of The EDSA Group, and a member of the PFEEF Board of Trustees, "Employers should be willing to empower employees by providing them easy access to quality financial education, not simply to increase company profits, but because it is the right thing to do."

SOURCE Personal Finance Employee Education Foundation

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http://www.personalfinancefoundations.org