EMPLOYEE Financial Education
Why do you need to think about financial education for employees?
Nearly half (46%) of employees spend two to three hours per working week dealing with personal finances1 while 25% admit money worries have negatively impacted productivity2. Almost one in ten have taken time off work to deal with their financial matters3. Workplace Financial Education can help you combat key people risks such as:
- Employee absence
Absence costs your business. When an employee is unexpectedly away from work your staff can be disrupted which in turn can affect productivity.
- Staff turnover
Employees who feel their income isn’t working for them will often search for new jobs to move up the pay scale. The cost of recruitment is significant.
Employees who are worried about money problems are likely to be distracted at work. On top of this, money worries can cause sleepless nights which can lead to reduced performance at work.
How our workplace education consultants can help
Our financial education programs provide a range of workplace solutions including initial consultancy, workshops, individual clinics, and a range of online digital solutions. Our workshops can be adapted to your specific needs as a business and can incorporate your brand.
GET IN TOUCH WITH A FINANCIAL EDUCATION EXPERT
Need expert advice? Call the Financial Education team now, or complete our online form and we'll call you.
1. Purchasing Power 2013
2. CIPD 2017
3. PWC 2016
We listen to you and build personalised solutions based on our understanding of your needs, your business and your workforce. We can help you to create an education program to improve employee wellbeing and lessen the people risks that can have a significant impact on your business.
We offer set modules on a variety of financial topics or we can create an education program specifically for your employees. Financial education in the workplace provides your employees with the tools and knowledge to plan effectively for the future. Our sole focus during the workshops is educating and supporting your employees, we do not promote our personal products and services.
We offer online training to complement our face-to-face workshops or as a stand-alone education tool. Our Financial Essentials and Planning for Retirement online courses use e-learning technology to provide interactive and enjoyable learning experiences. Employees can complete these in their own time, at their own pace.
Employees don’t reach an exact age and leave your company. They need to consider all of the options available in detail and prepare themselves for the transition into life after work. If you have employees who are nearing retirement, help them prepare for the retirement that they want and ease the transition from working life into life after work.
Ensure your business is taking advantage of the most efficient way to make pension contributions. Our team can provide practical help and financial education for your employees when you implement salary exchange.
Frequently Asked Questions
The latest employee benefits articles
Employees who are struggling with worries outside of work, such as their personal finances and retirement planning challenges are not focused on their jobs. This means they could be disrupting the productivity of your business.
Despite recent increases in the National Living Wage, many UK employees are still not earning enough to provide an acceptable standard of living.
What our clients say
I found the course has really made me want to take more control over my finances which is something I can struggle with. I feel I have gained practical ways I can do this now.
It was brilliant! Really got me thinking about money and my spending