Weyerhaeuser has been a national leader in thinking about, designing, and delivering successful workplace financial programs. Weyerhaeuser’s comprehensive program has included one-day seminars for workers under age 50, three different half-day seminars for those under 40, and special seminars designed solely for women. They also have provided employees with monthly financial planning live webcasts.
Weyerhaeuser has provided monthly 2 half-day seminars for employees who are age 50 or older. About 50 employees and spouses have attended each seminar. These have been held at corporate headquarters or at major satellite offices. The company has paid all expenses and absorbed the cost for lost work time for the 5,000 employees who attended each year coming from almost 400 locations. A Weyerhauser representative said she “believes that face-to-face communication is the best chance you have to effect change.” Two-thirds of those who attended this seminar made an appointment to receive more financial advice within six months. Employees need to be educated on how to build wealth and how to hang on to it in retirement.
The representative said that “People come out of that seminar saying, ‘Boy, I really have a better understanding of the value of being a worker in terms of my mental and social engagement. I’m more appreciative to stay, and I’m more jazzed up about what I can contribute. I have a better idea of what I’d like to do next, and it’s time for me to get on with that.’” Weyerhaeuser has sent the clear message that it cares about its employees’ best interests.