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HR Tech Outlook | Thursday, February 24, 2022
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Fremont, CA: Nivati, the leading mental health platform for employees, has entered into a strategic partnership with Savology to bring financial wellness resources to their clients. This will be Nivati's ninth tool for supporting employee mental health, joining Virtual Therapy, Meditation, Yoga, Massage, Fitness, Life Coaching, Sleep, and Nutrition content
Employees at Savology, based in Orem, Utah, can take advantage of digital financial planning benefits. Their holistic approach to financial wellness complements Nivati's approach to mental health for the entire workforce.
Amelia Wilcox, Founder and CEO at Nivati, remarked: "An astounding 46 percent of people with debt also have a mental health condition. With 77 percent of Americans in debt, that is a lot of people who need help and the main reason we need to address financial well-being in our mental health platform."
According to Savology, households with a financial plan are 2.5 times more likely to save enough for retirement. As a result, approximately 83 percent of people begin to feel better about their finances within a year, improving their mental health for the rest of their lives.
Employees in the US will now have access to financial coaching sessions and financial literacy videos within the Nivati platform, as well as Savology's report cards, digital financial plans, and financial tools, as a result of this addition.
"Personal finances play a critical role in holistic well-being," remarked Spencer Barclay, CEO and Founder at Savology. "We are thrilled to partner with Nivati to provide a unique employee wellness solution to reduce financial stress and improve financial outcomes."