Testing Confirms Strong Impact of Workplace-Based Training Program; More than 15,000 Workers at Nearly 400 U.S. Companies Have Benefited From Program Backed by IPT and IPI.
WASHINGTON, April 2, 2013 /PRNewswire-USNewswire/ -- A workplace investor education program will train over 3000 employees at more than 50 companies in 10 states plus the District of Columbia and Puerto Rico when online classes commence May 6, 2013. Now in its fourth year, Investor Education in Your Workplace® ( www.investorprotection.org) has established a proven track record spanning 15,690 employees at 375 banks, credit unions, and other corporations.
In May 2013, IEiYW® will re-launch in Alabama, Alaska, Colorado, Connecticut, Delaware, District of Columbia, Iowa, New Mexico, North Carolina, Oklahoma, Puerto Rico and Washington State.
Data collected from the IEiYW®, Spring and Fall 2012 sessions shows that 7,342 employees at 169 companies completed 53,850 online courses. The average knowledge improvement across all categories was 32 percent. The highest knowledge improvement was expressed in mutual fund investment, where respondents showed a 56 percent increase from pre-test to post-test. Students showed a 49 percent improvement in retirement plan options from pre-test to post-test.Personal attitudes expressed by IEiYW® participants show an enormous shift to a more positive response. When the Spring 2012 participants were asked about investing for retirement, there was a 98 percent increase in the number of them who had a positive response. When asked about stocks and bonds, there was a 107 percent increase in positive response. There was a 50 percent increase in the number of respondents who said they currently had a formal financial plan. After completing the IEiYW® program, 90 percent of respondents said they felt more knowledgeable about all of the topics presented. Fall 2012 results of this nature will also be available soon.