PepsiCo helping 280k employees shape their financial future

3 min read

Let’s face it, financial stress is something we all experience at some point. Whether it’s worrying about bills, saving for the future, or dealing with unexpected expenses, money is one of the top stressors for workers around the globe. Recognizing this, PepsiCo made a game-changing move to help its 280,000 employees worldwide achieve financial wellbeing by partnering with nudge.

Why PepsiCo is going all-in on global financial wellbeing?
PepsiCo launched its Healthy Money program in collaboration with nudge, to give employees access to personalized, impartial financial education. This initiative is part of the company’s ongoing commitment to improving employee wellbeing, and it's already having a major impact. But why is this so important?

As many of us know, the world is facing some major economic challenges right now, including rising inflation and cost of living, it's hard to keep up. These financial pressures can spill over into our work lives, making it tough to stay focused and productive. That’s why PepsiCo is stepping in to help its employees feel more confident and secure in their financial futures.

What’s the Healthy Money program all about?
So, how exactly is PepsiCo helping:

• Extended reach: The program gives 280,000 PepsiCo employees access to financial education across 59 countries, ensuring no one is left out.
• Localized support: Financial education isn’t one-size-fits-all. The program tailors its resources to specific countries, languages and cultures, ensuring that every employee has access to relevant, practical information.
• Engagement that works: More than three-quarters of employees who’ve tried the platform have come back for more, with some making important financial decisions, like adjusting their 401(k) contributions.
• Incentives to get involved: We all know how tough it can be to make time for extra learning. That’s why PepsiCo is offering rewards, like gift cards and prize draws, to encourage employees to engage with the program.

What makes this program stand out?
It’s not just about offering any old financial tips. PepsiCo and nudge have built something truly unique with the Healthy Money program. Here’s why it works:

• Omni-channel access: Whether employees are at their desks or on the go, they can access the program through a dedicated online portal that’s super easy to navigate.
• Language support: With multilingual resources (including Spanish-language content for U.S. employees), PepsiCo is ensuring that language isn’t a barrier to financial education.
• Inclusivity for all: From frontline workers to office employees, the program is designed to be accessible for everyone. Even employees without regular computer access can participate using QR codes to access the content.

What’s next for PepsiCo’s financial wellbeing journey?
The results so far are impressive, but PepsiCo isn’t stopping here. The company plans to keep expanding the program, making sure it continues to meet the unique needs of its global workforce. Tim Perkins, CEO and co-founder of nudge, shared some insight on why this kind of initiative is so important: “As we continue to see a growing need for improved financial literacy due to inflation and economic uncertainty, businesses need to recognize the major impact financial stress can have on their employees’ lives."

PepsiCo’s approach shows that businesses can make a real difference in their employees’ lives by prioritizing their financial wellbeing. It’s not just about reducing stress, it’s about empowering employees to make smarter financial choices and ultimately build a better future for themselves and their families.

What does this mean for you?
So, what can other companies, and even you as an individual, learn from PepsiCo’s program? Simple: financial education isn’t a “nice to have” - it’s a must. If more businesses embraced programs like Healthy Money, we could see a shift in how employees feel about their finances, which would have a ripple effect on their overall happiness and productivity at work.

As PepsiCo continues to roll out this global initiative, they’re proving that taking care of your employees’ financial health isn’t just good for them - it’s good for business. And with more companies jumping on board, we could see a future where financial stress is a thing of the past.

Curious to learn more about how financial education could benefit your organization? Read more about the PepsiCo and nudge’s story.