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Delta Air Lines introduced a new financial wellness program to its international employees, allowing workers to earn up to $1,000, the company announced this week.
Delta created the global program in partnership with financial wellness platform Nudge Global, operating alongside Delta’s emergency savings and financial education program for domestic employees, the post stated.
“As with our culture of safety and service, Delta’s desire to support the well-being of our people spans every corner of our global network,” stated Joanne Smith, Delta’s executive vice president and chief people officer. “Financial wellness plays a major role in everyone’s overall health and wellness, which is why we are thrilled to offer a financial education program that caters to our hardworking Delta people based around the world.”
The global program will be available to all international employees below the director level. The program offers localized financial education courses and a monetary incentive equivalent to $1,000 in buying power, the post added.
To participate, employees must create a confidential online financial wellness assessment—a financial health checkup—and complete 11 personalized financial wellness courses, or ‘stories’, Delta stated.
The incentive is broken down into two equal payouts:
- Employees receive the first payout after completing the financial health checkup and five ‘stories’; and
- Employees receive the second payout after completing an additional six courses.
Where allowable by law, Delta will pay estimated taxes on the employee’s behalf so they can benefit from the entirety of the financial incentive, the firm stated.
Delta introduced its emergency savings and financial education program for U.S. employees in partnership with Fidelity Financial and Operation Hope, in January.
Domestic employees enrolled in the program increased their 401(k) contributions following the launch: 23% of employees who completed the program have increased their 401(k) contribution percentage, compared with just 10% of those who have not engaged in the program, according to a Delta representative.
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