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.
