NEW YORK & ALEXANDRIA, Va.--()--The American Institute of Certified Public Accountants and the Society for Human Resource Management today launched the “Workplace Leader in Financial Education Award,” the first national honor for employers who provide financial education programs that improve the personal well-being of their employees.
“Organizations that invest in financial education can reduce turnover, limit money-related distractions and increase employee engagement. SHRM is proud to join with the AICPA to recognize employers who have created exceptional financial education programs.”
“Employers have a vested interest in developing a financially literate workforce,” said SHRM Interim President and CEO Hank Jackson, CPA. “Organizations that invest in financial education can reduce turnover, limit money-related distractions and increase employee engagement. SHRM is proud to join with the AICPA to recognize employers who have created exceptional financial education programs.”
According to a 2009 SHRM survey, 64 percent of employers offer financial education to workers. AICPA and SHRM were inspired to honor the best of these programs by a working group of the President’s Advisory Council on Financial Literacy. The council’s Subcommittee on Workplace Financial Education suggested the creation of an award to recognize employers who are excelling in this area and to highlight the importance of financial education programs in the workplace.
“CPAs are committed to improving the financial well-being of Americans, making this partnership between AICPA and SHRM a natural fit,” said Barry C. Melancon, AICPA’s president and CEO. “Human resource professionals have unique insight into the needs of workers, and CPAs have deep understanding of the topics adults need to understand to manage their finances wisely.”
All employers—corporate, not-for-profit and government—with offices in the United States are eligible for a Workplace Leader in Financial Education Award. Interested organizations can submit award applications through July 1 at www.wlife.org, which also includes a toolkit and information to help employers develop their own financial education programs. Applications will be evaluated on the scope of the program, tactics, results and innovation.
Applications will be judged by members of the President’s Advisory Council on Financial Literacy and the National CPA Financial Literacy Commission, HR professionals and CPAs.
Winners will be announced in October.
About the Society for Human Resource Management
The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 250,000 members in over 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at www.shrm.org. Follow us on Twitter at @SHRMPress.
The American Institute of Certified Public Accountants (www.aicpa.org), founded in 1887, is the world’s largest association representing the accounting profession, with nearly 370,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.
The AICPA maintains offices in New York, Washington, DC, Durham, N.C., Ewing, N.J. and Lewisville, Texas.