SPEAKERS. Patrick Donovan, SVP of Client Relations Bright Horizons. Wayne Klieger, SVP of Compensation and Benefits Neuberger Berman #SAWLIVE

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2 SPEAKERS Wayne Klieger, SVP of Compensation and Benefits Neuberger Berman Patrick Donovan, SVP of Client Relations Bright Horizons

3 ABOUT BRIGHT HORIZONS Bright Horizons is the world s leading provider of employer-sponsored child care and early education, back-up child care, adult/elder care, college advising, and tuition assistance management. More than 900 employers in the U.S., UK, Ireland, and Canada partner with Bright Horizons to support positive employee engagement and promote productivity, retention, and well-being. We are proud of our 99% client retention rate over 28 years and equally proud to have been named 16 times as one of Fortune magazine s 100 Best Companies to Work For.

4 ABOUT NEUBERGER BERMAN Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman s team has more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $251 billion in client assets as of March 31, For more information, please visit our website at

5 POLL How would you describe your employees overall financial situation? 1- very poor to 7-very good

6 WHAT IS EMPLOYEE FINANCIAL WELLNESS?

7 A STATE OF FINANCIAL WELL-BEING Financial wellness, from an employee s perspective, is a state of financial wellbeing, where they have: Minimal financial stress A strong financial foundation And a plan they are following that puts them on track to meet future financial goals Source: USA Today, Sept 2014

8 WHAT S THE STATE OF OUR EMPLOYEES FINANCIAL WELLNESS? How HR Professionals Describe Employees' Overall Financial Situation1 How Americans Describe Their Financial Situation2 38% Good/ Very Good 1% Very Poor 50% Fair 40% 46% Fair Good 14% 10% Poor Poor 1 SHRM/Elevate: Employee Financial Stress SHRM 2014 l 2 Gallup, April 2013

9 WHICH EMPLOYEES ARE MOST STRESSED ABOUT THEIR FINANCES? Of the $1.3 trillion 66%in student loan debt 50% year olds 29% year olds Who HR Leaders Say Are Most Stressed1 Is held by employees under the age of SHRM/Elevate: 2 Baum, Employee Financial Stress SHRM 2014 S., & Payea, K. (2013). Trends in Student Aid College Board - Trends in Higher Education.

10 WHAT S DRIVING OUR EMPLOYEES FINANCIAL STRESS?

11 FINANCIAL STRESS Multiple sources of stress detract from our employees financial wellness: Rate of salary increases Housing costs Cost of living Healthcare costs Personal debt

12 STUDENT LOAN DEBTS Student loan debts have become the biggest challenge to employee financial wellness: Topped $1 trillion1 higher than credit cards or car loans2 The only type of consumer debt not decreasing1 1/3 is held by people over 40 70% of new college grads average $28,000 in student debt, typically taking 10 years to pay off 3 USA Today, April 2015 l 2 Washington Post, March 2012 Reed, M., & Cochrane, D. (2014). Student Debt and Class of The Institute of College and Access to Success (TICAS) 1 32

13 HOW ARE EMPLOYEES FINANCES IMPACTING EMPLOYERS?

14 ABSENTEEISM 1 SHRM l 2 Met Life, Inc., 10th Annual Study of Employee Benefits Trends: Seeing Opportunity in Shifting Tides 51 (2012)

15 LOST PRODUCTIVITY 61% of HR professionals say financial stress is having some impact on employee work performance.1 81% of employees say financial problems have affected their productivity. 2 39% of workers concerned about their finances spend at least three hours each week thinking about or dealing with financial problems at work.3 1SHRM 2Met Research Spotlight: Financial Education Initiatives in the Workplace 2 (2012) Life, Inc., Annual Study of Employee Benefits Trends: Seeing Opportunity in Shifting Tides 51 (2012) 3Consumer Financial Protection Bureau report: Financial wellness at work (April 2014) 10th

16 RECRUITING AND RETENTION

17 WHAT CAN AN EMPLOYER DO?

18 EMPLOYEES WANT HELP 6% of employees surveyed strongly agree that their employer helps them manage their finances more effectively.1 1Jennifer Robison, The Business Case for Wellbeing, Gallup Business Journal (June )

19 INNOVATIVE SOLUTIONS Educational advising programs via College Coach and EdAssist can help. Saving for College Paying for College College Admissions:The Insider's View Money Smart: Raising Finance-Wise Children Education Loan Repayment Strategies EdAssist LoanRepay (NEW employee benefit launching soon)

20 HOW HAS THIS WORKED AT NEUBERGER BERMAN?

21 PROGRAM OVERVIEW Neuberger Berman s College Coach program: Introduced College Coach in 2012 Employees have benefited from College Admissions: The Insider s View Paying for College Saving for College MoneySmart: Raising Finance-Wise Children

22 HIGH UTILIZATION 7000 Remarkable increase in usage indicates a strong need Webinar Registrants 480 Personalized Assistance Provided (min) Portal Pageviews

23 EMPLOYEE FEEDBACK Employee feedback speaks for itself: 80% say it helps them balance personal and professional responsibilities 91% say it reduces their stress 93% report increased positive feelings about working for Neuberger Berman 100% would recommend the program to a colleague

24 SOLUTIONS AT WORK LIVE & WEBINAR EVENTS Visit to view other Solutions at Work webinars and LIVE events such as: UNLEASHING THE "M" FACTOR: New Research On What Makes Millennials Want To Work Your Workforce: What They Need, Why It Matters Modern Families, Modern Employers: New Research On Making Work Work Sign up to receive the Solutions at Work newsletter and exclusive invitations to future events.

25 Q&A

26 brighthorizons.com/solutionsatwork