Our public sector specialists understand the health and wellbeing framework and we can play a key role in supporting employees in maintaining their financial health and wellbeing. We recognise that if financial stress is allowed to take hold and grow then it can adversely affect work performance and/or attendance and quality of life.
Our experience has shown that prevention is better than cure but traditionally there is an obvious gap in the financial planning advice that Civil and Public Sector employees receive. Our unique approach is focused on preventing financial stress through education and short and medium-term goal setting.
Having a clear roadmap means employees will gain more confidence in money management and making important financial decisions and as a result significantly decrease money-related stress.
Our WHO based health intervention methods means that we have a process that really works. Our proven method includes:
- Understanding
This is fundamental to the success of an Employee Financial Wellness intervention. We must understand the attitudes, opinions, trends and existing financial literacy levels of any given workforce. The tools we use include:
- Attitude and Trends Survey
- Engagement Surveys
- Individual Surveys
- Education
At the very core of our approach is our education pillar. This pillar is designed to deliver behavioural change to your employees through an educational programme built to help employees understand their financial goals and cater for:
- Life stage financial education including early, mid, late career and retirement
- Event Driven Financial Education including New Starters and Management Programmes
- Communication
We deliver outcome-based communications in a fun, interactive way which are available for your entire team through our omnichannel delivery including options for in person and remote delivery. Our communications start by delivering group learning webinars/seminars that focus of the various financial life cycle stages of your workforce. We focus our group sessions on different demographics within an organisation including New Starters, Early Mid-career employees, late-career employees.
We move onto our specialist masterclasses that educate your employees on the individual topics that affect their financial lives. Topics include Mortgages Uncovered, Beat the Taxman (legally), Savings and Investments, Budgeting, Retire Well.
During the programme your employees will recognise areas where they may want individual financial guidance which helps them clarify elements of their financial situation and make decisions about the next steps so they have the option of our guidance clinics.
Guidance Clinics
Our individual guidance clinics are also hosted both virtually or in-person and allow employees to ask the questions that are relevant to them and have items they never thought to consider highlighted to ensure that employees are set on the right path to achieving their life goals and dreams. The days of being sold just ‘AVCs’ are long gone. They are 30 minutes long and the employee will leave with some high-level direction and goals to work towards.
Solutions
Employees will be signposted to the right solutions for their particular circumstances which could include a pension provider, their bank or regulated advice through their own provider or through Employee Financial Wellness.. One of the biggest obstacles to improved financial wellness is inaction.
Employees often engage with health promotion supports but without any action or change to their behaviour, they simply fall back into their old bad habits.
Employee Financial Wellness will ensure that employees are informed of the mechanics of how to makes changes to their financial set up which will, in turn, ensure that they arrive at their future financial events fully prepared for the associated cost.
We might end up recommending an AVC, but your employees will understand why and know all about the financial ABCs.