Associate director London +44 (0)20 7131 8194
Increasingly the link between debt, money worries and stress, lower productivity and absence are being recognised by employers, who are now investing in wellbeing and educational programmes for their employees.
For the one in four employees* who are suffering some sort of financial distress, personalised and timely financial education can improve their understanding of, confidence with and organisation of their finances. Over time, this means fewer distractions at work and more focus on the job, as well as loyalty to the employer.
Our financial programmes are now our fastest growing business area. These programmes include lunch-and-learn sessions for specific groups, such as retirees, indebted younger generations and school leavers. This is not just limited to larger corporates with the budget to support wide ranging programmes; SMEs and charities are also very interested in providing this kind of support, alongside traditional benefits packages.
Alongside the improvement in financial understanding, confidence and organisation noted above, if these programmes can also engender behavioural change - moving from a debt to ‘savings first’ mentality - a positive impact on mental wellbeing can also be achieved.
|DB transfers have hit the headlines but many remain unsure about what they are, how to evaluate if a transfer is appropriate for them and how to organise a transfer.|
If you or your staff would like to know more about these or our other capabilities contact Steve Cave to discuss how a workshop could help.