NYSE Euronext Named Workplace Leader in Personal Finance Education
19 Gennaio 2012 - 3:11PM
Business Wire
NYSE Euronext (NYX) is one of nine U.S. organizations that have
been honored with the first award for excellence in workplace
financial education, which recognizes innovative programs that
teach employees how to make better personal financial
decisions.
The WLIFE award — “Workplace Leader in Financial Education” —
was created this year by the American Institute of Certified Public
Accountants (AICPA) and the Society for Human Resource Management
(SHRM) to highlight the importance of financial wellness in the
workplace. It is the first national honor for employers who provide
financial education programs that improve the personal well-being
of employees.
NYSE Euronext received the award for creating the NYSE Employee
Financial Wellness program which teaches employees personal finance
and increases financial literacy among its workforce. The NYSE
Euronext program, which partners with Vanguard and Met Life,
provides employees with information on savings, the value of all of
benefits, ways to enhance their personal financial situations and
steps to take to become more financially secure and
retirement-ready.
“NYSE Euronext actively educates employees about personal
finance to increase financial literacy and preparedness and to
decrease financial stress among employees,” said Ed Hutner, Senior
Vice President, NYSE Euronext. “We provide a full range of
information and tools that employees can use to make wise financial
decisions. We also encourage our employees to examine their
personal financial situations, identify gaps and opportunities, and
take action if needed.”
The AICPA and SHRM received more than 300 applications for the
inaugural WLIFE award, which were judged by members of the
President’s Advisory Council on Financial Literacy, the National
CPA Financial Literacy Commission, human resource professionals and
CPAs. The winning companies stood out because their financial
education programs showed results, innovation, effective tactics
and a significant scope in increasing employee financial wellness.
The nine winners represent corporate, not-for-profit and government
sectors.
AICPA and SHRM define financial wellness as a person’s skill and
knowledge for making sound decisions about personal finances, such
as saving, budgeting, using credit wisely, education, tax and
retirement planning, investing and choosing company benefits
wisely. A financially literate workforce understands financial
concepts such as the time value of money, the effects of inflation
on savings, compound interest and the rate of growth and the
benefits of deferred income and reinvested capital gains and
interest.
Michelle Greene, VP and Head of Corporate Responsibility for
NYSE Euronext and Executive Director of the NYSE Euronext
Foundation, will participate in today’s public meeting of the
President’s Advisory Council on Financial Capability, moderating an
expert panel on “Cracking the Code on Building Financial Capability
in the Workplace.”
“NYSE Euronext is committed to the financial wellness of our own
employees, those of our listed companies and beyond,” said Ms.
Greene. “We offer a number of resources that advance financial
literacy to the public, including our NYSE MoneySense website,
youth mentoring and instructional programs with Junior Achievement
and other organizations.”
The NYSE Euronext Foundation funds a wide range of
financial-education organizations and initiatives, including the
development of the Workplace Financial Fitness Toolkit, a free,
publicly available tool developed by leading independent experts to
help employers promote the financial well-being of their employees.
The free Toolkit, which can be found at
http://nyse.nyx.com/en/financial-fitness-kit, includes a top 10
list of actions employers should take as well as tools and
resources to use in implementing or improving their own workplace
financial fitness programs.
For more information on the Workplace Leaders in Financial
Education, visit www.wlife.org, to find a toolkit and information
to help employers develop their own financial education
programs.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
approximately 8,000 listed issues (excluding European Structured
Products), NYSE Euronext's equities markets – the New York Stock
Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca –
represent one-third of the world's equities trading, the most
liquidity of any global exchange group. NYSE Euronext also operates
NYSE Liffe, one of the leading European derivatives businesses and
the world's second-largest derivatives business by value of
trading. The company offers comprehensive commercial technology,
connectivity and market data products and services through NYSE
Technologies. NYSE Euronext is in the S&P 500 index, and is the
only exchange operator in the Fortune 500. For more information,
please visit: http://www.nyx.com.
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