This article is an official ElektraFi company announcement. The version published on elektra.fi is the original source and may be distributed or republished by external news and media outlets.
ElektraFi Innovations Inc. announces the launch of new financial wellness plans designed to meet employer demand for flexible, outcome-driven infrastructure that integrates with existing HR systems. The new offerings provide organizations with scalable options to reduce employee attrition, lower health insurance costs, and improve workforce performance through comprehensive financial well-being technology.
The announcement responds to a clear market shift: employers no longer question whether financial wellness matters but demand infrastructure that delivers measurable organizational outcomes. ElektraFi's new plans address this evolution by offering commitment levels that match organizational scale and objectives, from streamlined employee-focused solutions to enterprise-grade platforms with advanced HR analytics.
ElektraFi introduces three distinct plans that enable employers to commit at levels suited to their workforce requirements. The Core Plan delivers the company's AI-powered financial wellness application, giving employees access to powerful budgeting, saving and planning tools to help them succeed financially.
The Pro plan provides employees with on-demand access to Certified Financial Planners, increased account connections, and flexible add-ons to give HR teams more control over their financial wellness initiatives. Organizations seeking comprehensive workforce analytics select the Enterprise Plan, which adds Total Compensation & Rewards modules, employee equity management, HRIS integrations with over 200 platforms, and advanced org-wide analytics.
The Enterprise Plan targets larger organizations requiring visibility into total workforce financial health. The Total Compensation & Rewards module enables employees to view their complete compensation picture, including salary, benefits, bonuses, and equity, creating clarity that directly impacts retention decisions. Financial wellness programs incorporating total compensation visibility demonstrate a 20% reduction in employee attrition, saving organizations significant costs beyond replacement hiring, including productivity losses, short-term disability claims, and benefits under-utilization.
ElektraFi's infrastructure integrates with existing HR platforms rather than requiring system replacement. Enterprise customers connect with over 200 HRIS platforms through a streamlined process: administrators sign up, connect their HRIS to pull employee data, configure organizational settings, and deploy onboarding emails to their entire workforce with a single action.
The platform operates behind the scenes within current benefits ecosystems, addressing a fundamental adoption barrier in HR technology. Organizations deploy financial wellness infrastructure without disrupting established workflows or demanding new administrative processes from HR teams.
ElektraFi's approach connects employee financial security directly to organizational outcomes through a clear causal chain. Financial stress remains the leading cause of mental health challenges in the workforce, generating short-term disability claims, therapy costs, and reduced productivity. When employees gain comprehensive understanding of their total compensation and access to on-demand financial expertise, they evaluate employment decisions based on total value rather than salary alone.
This shift produces measurable impact. Organizations with unclear benefits communication experience higher attrition than those with clear compensation statements. Just a 5% reduction in attrition at a 100-employee company can result in almost $200,000 saved each year in hiring costs.
The new plans contrast sharply with traditional financial wellness approaches. Where organizations previously offered annual pension workshops, training videos, and basic mortgage calculators, ElektraFi delivers an AI-powered platform that functions as an on-demand financial expert accessible to every employee. The technology provides personalized guidance while generating aggregate data that informs organizational strategy.
Employers frequently discover their workforce assumptions challenged when they access this data for the first time. Organizations assume offering a workplace pension ensures retirement preparedness, but aggregate analytics typically reveal significant gaps in actual retirement readiness. ElektraFi addresses these gaps through facilitated sessions with dedicated Certified Financial Planners, enabling employees to plan efficiently with experts committed to helping them reach financial goals.
ElektraFi structures its new plans to eliminate traditional enterprise software barriers. Core and Pro Plan customers choose monthly or annual commitments and access a 14-day free trial with the ability to cancel at any time. This approach enables organizations to test the infrastructure, measure actual workforce impact, and commit based on demonstrated results rather than projected outcomes.
The moment that typically converts trial users occurs when employers see the platform's capabilities compared to previous financial wellness tools and access aggregate financial wellbeing data they've never viewed with such clarity. Organizations realize they've been addressing workforce challenges with incomplete information and inadequate infrastructure.
ElektraFi Innovations Inc. builds financial wellness infrastructure that integrates with existing benefits ecosystems to deliver measurable organizational outcomes. The company's platform reduces employee attrition, lowers stress-related costs, and improves workforce performance by connecting employees with on-demand financial expertise and comprehensive compensation visibility. ElektraFi maintains SOC 2 compliance and enterprise-grade security while integrating with over 200 HRIS platforms and North America’s consumer banking services. The company serves employers committed to treating employee financial security as essential organizational infrastructure.
ElektraFi Innovations Inc.
Website: www.elektrafi.com
Email: info@elektrafi.com
Employers can access ElektraFi's new plans immediately through a 14-day free trial at elektrafi.io/plans.
