Employee Survey and the Personal Financial Wellness Scale

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Employee Survey and the Personal Financial Wellness Scale 2017-05-23T11:18:47+00:00

Employee Survey and the Personal Financial Wellness Scale™

The PFW Scale™ provides management with a simple way to evaluate employee financial stress. Fill out the Service Request Form to use the Employee Survey and PFW Scale™ at your business!

Sample Employee Survey
Service Request Form

What is the Employee Survey and PFW Scale™?

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The Employee Survey and Personal Financial Wellness Scale™ (PFW Scale™) is an eight-question, self-report measure of perceived financial distress and financial well-being. Questions on the PFW survey require people to evaluate their current financial situation.

The instrument measures how people are doing along a continuum extending from negative to positive feelings about and reactions to their financial situations. The tool has been scientifically determined to be a valid and reliable measure of personal financial wellness and is considered to be the gold standard of measurement in the industry.

How is the Employee Survey and PFW Scale™ used in the workplace?

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The Employee Survey is administered online. At the completion of the survey, the PFW Scale™ will show the scoring result as a number on a scale of 1 to 10 (1 being poor financial wellness and 10 being high financial wellness). The PFW score is a personalized assessment of one’s financial health.

The PFW Survey and Scale™ can be used to benchmark the financial health of large populations, as well as to assess the outcomes of treatments designed to reduce financial distress and improve financial well-being. Employers also make the PFW Survey and Scale™ available to employees so individuals can track their financial progress.

What are the outcomes of financial wellness in the workplace?

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Studies show that employee financial wellness can improve morale in the workplace. Benefits of financial wellness programs in the workplace include:

  • Improvement in workplace productivity
  • Improvement in employee morale
  • Improvement in organization loyalty
  • Reduced absenteeism
  • Reduced turnover
  • Reduced workplace distractions

Financial education programs can be a cost effective benefit that can create a more focused, engaged, and productive workforce.