Shortlister hosted Brian Hamilton, Senior Vice President of SmartDollar, to share more about the proven plan that has helped millions of employees take control of their money—even during a pandemic.
Americans are stressed. And we know employees bring this stress with them to work. 90% of employees said they were concerned with money during this pandemic, and the number one concern was not having enough emergency savings.
There are millions of options when looking for financial wellness benefits. Many of these programs offer solutions like automatic payroll deductions, payday advances, student loan refinancing, 401(k) loans or early withdrawals, short-term loans, and generic education. While these may sound like helpful benefits, they all come with drawbacks that will end up harming employees’ financial wellness and having a negative impact on businesses.
There is hope!
SmartDollar is the Dave Ramsey’s financial wellness solution for corporate America. Ramsey Solutions has been helping people change their behavior with money for three decades and they have a proven plan that works. With nearly 1,000 team members, over 15 million books sold and over 16 million weekly podcast listeners, they are helping tens of millions of people achieve true financial wellness.
So, what is true financial wellness? When employees:
SmartDollar is the only financial wellness benefit that leads to lasting behavior change. SmartDollar makes difficult money concepts easy to understand with the top names in money and bestselling authors, Dave Ramsey, Rachel Cruze, and Chris Hogan. SmartDollar provides a proven step-by-step plan, the 7 Baby Steps, where employees learn to budget, save for emergencies, eliminate debt, and retire with confidence.
SmartDollar’s online platform provides 24/7 access to innovative tools to work the plan with inspiring and motivating content and a wide variety of questions and answers to help people anytime, anywhere and on any device no matter where they are on their financial journey.
As employees start making real changes to their money, their stress is reduced, and they become happier, more productive employees resulting in a real impact to the business through reduced absenteeism, decreased healthcare costs, increased participation in the 401(k) and reduced turnover.
Log in to access the full Meet A Vendor Presentation!
Not a subscriber? Let’s get in touch!
|Shortlister Public Site
|Who can Access Shortlister?||Versions of the Shortlister app are available for employers and benefits consultants to access detailed information on service providers and issue RFPs.||Anyone can access the basic vendor data listed on the Shortlister public site, free of charge.|
|Do employer & consultant users pay to access Shortlister?||Yes – There is a monthly subscription fee||No – Shortlister's public site has tens of thousands of visitors per month that are researching vendors. They do not pay to access this basic vendor data.|
|Do service providers pay to be listed?||No – Service providers can enroll on the Shortlister app for free.||No – Service Providers do not pay to be listed on the Shortlister public site.|
|Can service providers pay to improve their position?||No – The Shortlister app's matching algorithm is completely neutral & unbiased. It matches employer & consultant users with service providers based on how closely the buyers requirements match the service provider's capabilities.||Yes – ONLY on Shortlister's public site. Service providers can bid to show up higher on listing pages. This is how Shortlister is compensated for the substantial effort it takes to curate this pages and vet vendor data.|
|What if a service provider doesn't pay Shortlister?||Nothing – Service providers don't pay a fee to participate on the Shortlister app and are matched based on how well their capabilities align with a buyer's demographics and needs.||Service providers will still be listed on the pages for the services they provide, they will just be listed below those that have bid to list higher on that particular product page.|
|What about the Top Vendor lists at the top of the product listing pages? Is there a fee to be listed?||Not Applicable – The Shortlister app doesn't display Top Vendor lists because the algorithm generates a custom list based on the customer's needs.||Yes - There is a nominal fee of $50 per quarter that's charged if a service provider is approved for a Top Vendor list. Shortlister evaluates vendor capabilities & market performance data to determine who should be listed. Evaluating this data takes considerable time and effort, so the nominal $50 fee covers the cost of the work it takes to curate these lists. If a vendor applies for a Top Vendor list but doesn’t meet the criteria, they are not charged a fee.|
|Who provides reviews of service providers?||Reviews on Shortlister's app are collected from employers and consultants. Service providers are also able to collect reviews from their customers, once they are validated by Shortlister. When a user is logged into the Shortlister app, they can clearly see the source of the review.||Public site reviews are an aggregation of employer, consultant and provider-collected reviews. There is no way for public site visitors to differentiate the source of the review.|
|Do service providers see information and reviews put in the site by your users?||Service providers cannot see the information put in by Shortlister's consultant and employer users.||Service providers can see information that was collected from their own clients.|