-Name Well Being as a Business Imperative

After a year like no other, employee well-being is facing a variety of challenges. Public and personal health crises, family demands, financial instability, and social and racial unrest are creating new levels of stress, especially in the banking industry.

The good news is that banks have an opportunity to provide the support employees and their families need. And many are seizing the opportunity. Ninety-two percent of CEOs say their companies are more focused on mental health because of COVID-19.1 The myopic view that well-being is just a way to reduce healthcare costs has evolved. Investing in well-being is no longer a nice to have to have for banks. It is a business imperative that enhances recruiting and retention, elevates productivity and demonstrates an organization’s commitment to caring for people.

Well-Being as a Business Imperative

NFP, an Aon Company

NFP delivers nonqualified benefit and BOLI portfolio services to banks across the United States via its team of 180+ professionals. With some of the most experienced consultants in the industry located in 35 states, we offer a nearly seamless approach from design to implementation. Our team has helped more than 2,000 banking organizations recruit, retain, and reward executives, directors and employees critical to each bank’s success. In addition, our in-house service professionals offer practical, hands-on assistance to banks and their professional advisors, auditors and examiners. When you work with us, you’ll get timely, accurate documentation and regulatory compliance support. The organization’s team members include CPAs, attorneys, MBAs, CLUs, CFP® and ChFC® professionals, a former bank regulator, several former bankers and bank directors, and other experts with advanced degrees and licenses. We’re proud of our diverse group that includes individuals with significant BOLI and benefits administration experience as well as one of the industry’s most recognized experts on accounting and tax matters. The group has over 800 years of combined BOLI and benefits experience. As evidence of its leadership position in the market, NFP has the exclusive endorsement of the ABA 10 state banking associations. Insurance services provided by Equias Alliance, LLC, a subsidiary of NFP Corp. Doing business in California as Equias Alliance Insurance Services, LLC (License #0H52337). Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Kestra IS is not affiliated with Equias Alliance LLC, NFP Corp., or any other entity listed herein. Kestra IS does not provide tax or legal advice and is not a Certified Public Accounting (CPA) firm. Not all persons listed on this website are registered with or offer securities through Kestra IS. Only appropriately licensed individuals can offer securities.

Well-Being as a Business Imperative

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