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HR: Get Out of Debt

This one-sheet is a useful way to share get-out-of-debt strategies with account holders and employees. It briefly lists methods one can use to dig themselves out of debt step by step. Invite your employees to try out some of these strategies or encourage them to share these methods with account holders.

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Employee-Facing Best Practices​

By incorporating the one-sheet into existing employee programs and initiatives, you can help employees reduce their debt and improve their overall financial well-being.

  1. Include Get Out of Debt in onboarding materials: When new employees join the company, provide them with this document outlining relevant fin lit resources that'll empower them to make better financial decisions.
  2. Pair this sheet with a customized employee collection: With the Direct product, you can create customized collections for your Wellness Center. Use this feature to build a collection of resources specific to helping employees manage debt.
  3. Use this sheet for one-on-one debt counseling: Some institutions offer financial coaching to employees. Use this document to identify areas where employees need additional support and resources.
  4. Use the one-sheet as part of a larger financial education program: Use Get Out of Debt as part of a larger fin lit program to help employees find the tools they need to get out of debt.

Client-Facing Best Practices​

  1. Share Get Out of Debt with employees internally via email: Provide this sheet to employees as a quick reference guide to use for account holders who are trying to get out of debt.
  2. Offer a Get Out of Debt Workshop: Set up a financial wellness workshop for account holders. Give this hand-out to the employee leading the workshop so they have a comprehensive overview of some of the steps clients can take to get out of debt.
  3. Create a debt reduction challenge: Encourage employees and account holders to use the tips outlined in the one-sheet to reduce their debt. Write up a challenge that includes milestones, personalized goals, etc., and hand out certificates or other rewards for those who've progressed in their debt reduction plan.