Steps to Bring Financial Wellness at Workplace

Steps to Bring Financial Wellness at Workplace

Financial wellness is nothing but productively taking charge of your own finances. The more successfully you do it, the better you are deemed. If you manage your economic life properly, you effectively succeed in bringing financial wellness into your life. If you fail to manage it properly, you will face many challenges in your economic path.

Everyone struggles with financial wellness at some point or the other, but with proper training and guidance, one can overcome the hurdles. Financial wellness is important because it brings forth mental peace and rids a person of undue stress and anxiety. When a person is at peace, he or she functions very well and the productivity at work increases as well. So if you are a business owner, you need to take charge of the financial wellness plan of your employees.

Doing this will help your employees to a great extent and will also drive in more profits your way. Read on to know more.

Why is financial wellness important?

Financial wellness at workplace is very important. This is because the financial journey of an employee essentially begins from his or her workplace. The salary earned is the largest and for many, the only source of money. Sadly, many employees live on a paycheck-to-paycheck basis. They are unable to manage their expenses and end up with practically no savings. This is why it is crucial for an employer to step in and ensure employee financial wellness takes place on multiple levels.


Here are the most common reasons why many people struggle to achieve Financial Wellness on a day-to-day basis:

1) Faulty debt management –

Many employees may be struggling because they have too many loans and no idea how to repay them. Proper debt management is an integral component of financial wellness plan. If an individual has a student loan, a home loan, a car loan and a personal loan that he is repaying, it will become difficult for him to clear all the EMIs.

Myth: At times, people also end up taking additional loans to manage their existing loan liabilities. This causes havoc to their financial wellness and brings forth excessive stress and anxiety.
Truth: This is the biggest reason for a lot of people to fall into the debt trap!

2) Unwillingness to make a budget –

Although simple it may sound, most people are either unwilling or unable to follow certain basic financial rules such as making a budget for themselves. No matter what the earning and the spending is, a proper budget definitely needs to be in place. Without a budget, aimless spending can happen and that can lead to further financial hardship for a person who is already struggling with his money!

Myth: People feel that since they don’t have too much of a disposable income and they almost live from salary-to-salary, creating a budget and sticking to it is of no use.
Truth: This is a misconception, as a budget helps you to spend smartly and save, even when your earnings and low.

3) Tax inhibitions –

Taxation is an integral part of everyone’s financial lives. Whether they pay a huge amount of money as income tax each year or not, understanding the tax structure is crucial. This is especially true since there are two income tax regimes that can be chosen.

Myth: Faulty knowledge of the taxation norms leads to many challenges that range from tax returns not being filed on time to avoidance or high interest on overdue taxes! These factors pile up the financial problems for your employees and keep them away from achieving financial wellness.
Truth: A proper understanding of the taxation norms might enhance the financial wellness of your employees.

4) Faulty investments –

There are many investment opportunities available in India. From the basic post-office saving schemes to the more complex investment options, your employees can invest their money in various ways.

Myth: Proper information about investments is only required if the investment corpus is high.
Truth: A lot of people may not have proper financial knowledge about investing properly, as per their financial capabilities and risk-taking abilities. This leads to faulty investments that subsequently lead to financial disasters.

5) Poor financial literacy –

And finally, it is common to find a deficit of correct financial understanding among employees in general.

Myth: Everyone seems to know about the basics of economics such as savings, investments, taxation and so on.
Truth: However, if you dig deeper, you will find that the knowledge is very limited and often the financial literacy is very poor. This is one of the main reasons why they fail to achieve financial wellness plan.

As an employer, it is your duty to make sure no employee working in your organisation faces financial hardships due to the reasons mentioned above. You need to take charge and implement financial wellness at work. Thankfully, there are some very effective ways in which you can achieve this.

Read about the importance of financial literacy at workplace


Top #3 Ways to achieve financial wellness at work:

You can help your employees achieve financial wellness in the following ways:

1) Helping them make better financial decisions –

As stated above, making poor financial decisions that range from not filing the taxes properly to investing incorrectly, your employees end up losing a lot of money that makes their financial life a mess.

Pro Tip: Help them to make better financial decisions by counselling them on how to make the best financial decisions.

2) Training programs to inculcate good financial skills –

An employee needs to be financially skilled to take care of his own financial wellness. This requires training over a period of time.

Pro Tip: Once your employees understand the basics, they will be more skilled to make the correct financial moves independently, and this will be a major step towards a comprehensive financial wellness plan.

3) Helping them to reduce financial stress –

And finally, your employees can only achieve financial wellness when they have a calm and worry-free mind. If they are constantly worried about money matters and how to manage their monetary duties, they cannot focus on anything else. As a step to bring financial wellness at workplace, you need to help your employees to let go of this stress.

Pro Tip: Offer therapeutic facilities such as access to a counsellor, mental relaxation games, access to better healthcare, etc. Becoming stress-free is the first step towards achieving financial wellness at work and in life.

Rather than organising one-off workshops or training modules, it is always better to integrate the employee financial wellness programs holistically into the work ethics of your company. This is an important step towards bringing financial wellness at workplace. Train and counsel your employees continue to make sure financial wellness at workplace happens on a regular basis and your employees get their economic live son track.

Are your employee feeling financially stressed? Here’s How to Help! Read our blog to know more


Financial wellness and income – the correlation

Financial wellness does not solely and wholly depend on the salary of an employee. A person who earns a few thousand rupees a month might be financially well and sound because he lives within his means saves and manages his financial duties with proper care. On the other hand, a person who draws a salary of Rs 5 lacs a month might be in a financial mess due to his extravagant lifestyle, a habit of overspending and poor financial literacy.

This analogy proves that it is not always the volume of the salary that ensures employee financial wellness. The individual’s financial literacy and money management skills are of extreme importance. Every employee has a different degree of financial knowledge and, as is evident from the points mentioned above, his or her financial wellbeing belongs greatly upon it.

It is, therefore, a very good idea for you, the employer, to ensure financial wellness at work by organising holistic financial literacy programs that benefit all the employees of your organisation.

Download a complete guide on Financial Wellness for FREE!


Designing programs to increase financial wellness at workplace

A compassionate employer who genuinely cares about the wellness of his employees will not fall short of ensuring that the employees receive the correct type of training, as per their requirements. To design the best programs to help your employees, you first need to evaluate the following:

1) Evaluate and assess the pay-structure of the organisation –

Before looking towards the employees to assess their financial statuses, you need to take a good and hard look at some of the facilities you offer to them. A major area is the pay structure of your organisation. Are the salaries you pay at par with the industry standards? Are you paying your employees too less? You need to evaluate this aspect and ensure your workforce is getting what they deserve. If the wages are too low, it is normal for people to worry and struggle financially.

2) Evaluate the financial literacy levels among the employees –

As mentioned above, all your employees may not be at the level of economic literacy. So before a financial wellness program is designed, ensure you understand the financial literacy levels of the employees and design or employ pieces of training that can help them to the greatest extent.

3) Evaluation of dependency on other financial aids –

Many people depend on additional financial aids like payday loans or personal loans. The dependency on such tools can prove to be very harmful in the long run and pull your employees into deeper financial distress. Make a truthful assessment on the overall dependency on such aids and see how you can help them get out of the trap.

Once you conduct these assessments, you will know where your employees stand. You can segregate them in groups and offer effective financial wellness programs that would help your employees to overcome their monetary hardships and also free them of stress and anxiety.


What does financial training comprise of?

There are many different forms of financial training available. However, an effective program would surely educate your employees on the following topics:

Step #1: Saving money –

Saving money on a regular basis is of utmost importance and is perhaps the most effective step towards achieving financial wellness. You need to train your employees on how to save money. The financial training material must comprise of this area as without proper savings, an employee cannot achieve his long-term financial goals.

Step #2: Budgeting –

As stated, making and maintaining a budget is of great value. But many people do not know how to make a budget. Making a budget does not simply mean noting down the incomes and expenditures. A budget is a plan and needs proper designing. A good financial wellness training program can tell your employees all about budgeting.

Step #3: Planning for their retirement –

It is crucial for all individuals to plan for their retirement. You are not going to pay for the expenses of your employees once they retire, so you need to make sure they set up a retirement fund early on in life. A retirement corpus needs to be created and maintained diligently and a good financial training program would tell your employees how to go about this.

Step #4: Investing –

Investing money in the first product you come across can be tremendously dangerous! Investing without proper knowledge and understanding is much more dangerous than not investing at all. Train your employees about the correct ways in which they can invest their money as this would be a great step towards bringing financial wellness in their lives.

Step #5: Maintaining a proper credit score –

Do your employees know about the concept of credit score? It may seem like a simple concept, but a large number of people do not even know it exists! Yes, that is correct. You need to inform your employees about the significance of having good credit and what a high credit score can do to their financial capability.

Once your employees understand these fundamental financial concepts, they will begin to improve their financial wellness, which would be of help to them and to you as well.


Importance of employee financial wellness

An organisation that has a happy workforce is an organisation that records better profits. This is an actual, hard fact because your employees are ultimately the backbone of your firm that keeps it upright.

The reasons that make employee financial wellness important are:

1) Better performance –

An employee who is constantly bogged down with stress and anxiety will find it very difficult to concentrate on anything else. His mind will remain clouded and he will have little enthusiasm left. This will greatly affect his work productivity as he will not be able to focus on the assignments he needs to complete. If however, he is stress-free and relaxed, he will be more enthusiastic and focused and will deliver very well at work.

2) Increased loyalty –

If you help your employees to achieve financial wellness, they will surely be grateful to you. The gratitude would make them better and more loyal and this would help you to have a strong and reliable workforce. After all, the efforts of your employees would ultimately bring in the profits, so you need their support in every possible way.

3) Good reputation for the firm –

And finally, your efforts to bring forth financial wellness at the workplace would surely fetch some good amounts of reputation. You will be known as an employer who takes care of his employees and worries about their financial wellness. This would not only win you accolades, but it would also make the most talented candidates eager to work in your organisation.

Keeping these points in mind, it can indeed be said that regular employee wellness programs must be deeply integrated with the work culture of the organisation.

Here is a more detailed guide on financial wellness. Download the guide for FREE


Ensuring proper implementation of financial wellness

As an employer, you need to ensure your employees are financially well. Do not treat this merely as a duty that you need to fulfil. Rather, be empathetic and treat this as a necessity for the overall wellness of your company. Hire a proper institute who can train your employees and help them achieve financial wellness in a proper and apt manner. There are some highly competent academies such as Koppr Academy that offer excellent financial courses for employees.

You can collaborate with Koppr Academy and enrol your employees for some of the best financial literacy courses. They can learn about several economic areas such as investments, taxation, budgeting, etc when they attend these courses. The courses are available online so your employees can access them at their own convenience. The course material is designed by some of the leading economists, which prove to be highly effective.

In a nutshell

To put it in a nutshell, financial wellness at work has no alternative. As the employer, it is your responsibility to ensure your employees achieve financial wellness at every level. Keep all the tips and guidelines mentioned above and you’ll surely be able to provide the help your employees need. Remember, an employer is highly regarded and trusted by his employees. You must make the most of this and offer all the help you can to your invaluable workforce.

Are Your Employees Are Feeling Financially Stressed? Here’s How to Help!

Are Your Employees Are Feeling Financially Stressed? Here’s How to Help!

Do you know that how you help your workers deal with financial stress during the outbreak could have a lasting impact on retention efforts?

Employees at every level are dealing with amplified financial stress. According to a survey, about 60 percent of Americans attested to the fact that Coronavirus has harmed their finances.

Millions of people the world over are coping with Financial stress and Financial anxiety while dealing with the fear and reality of death and disease. Based on a poll conducted by the Kaiser Family Foundation, close to half (45%) of U.S. adults have reported that their mental health has been negatively impacted due to worry over the virus.

Areas Employers Can Provide Assistance In

Coronavirus is everywhere, and there is a general fear that employees will get it and infect their families. Employers worldwide are trying to get their employees to work from home; to avoid contracting the virus. Employees are worried about financial stress; thus, the need to help arises.

Before going into details about ways employers can support employees during the Covid-19 pandemic, we need to consider several areas employers can assist in. These include:

Financial Wellness

Financial wellness deals with the process of learning how to manage financial expenses successfully. In short, your employees’ financial wellness is their ability to have a healthy economic life.

Organizations can support their employee by ensuring they get the best retirement savings, monthly budget, credit card debt, and a substantial paycheck. Lecture sessions can be organized to train them on how to go about it.

Here a complete guide on Financial wellness, Download it for FREE!

According to a survey, most employees felt they’d be working into retirement. Here are some financial wellness tips for employees:

  • Prepare for Unexpected Expenses: You must avoid living from paycheck to paycheck to avert disaster. Because a little problem can eat up all your budgets. Waiting until the next paycheck means living with a periodic background check.

Financial stress is terrible for everyone; thus, you need to invest in positive financial wellbeing. You can figure out your amounts, budget for your goals, and budget for spending.

  • Make Provision For Emergency Savings: The moment you don’t have any emergency savings, it’s easy for a small financial issue to disturb your life. For instance, you run out of gas before the estimated time, and you don’t have the “rainy day” fund to pay for the refill. Not being able to take the food quality and quantity you need harms your productivity.

An employee must find out how much they need in their emergency fund and fill it up. The aim is to have cash reserves to cover most emergencies that come along. Emergency savings is an integral part of your financial wellness.

  • Clear Your High-Interest Debt: Paying off your debt is one of the financial wellness tips for employees. It will allow you to breathe a little easier daily, knowing your debt is decreasing, not increasing. Plus, when they’re all paid up, you can focus on your leisure goals.To get there, employees must move debt around to minimize interest payments and pay it off quickly. They can also transfer some of their higher-interest obligations to a lower-interest credit card by calling their credit card company or bank.
  • Make Good Use of Tax Advantages: Taxes are costly because they generally equate to a lot of money. Money that can function as emergency savings or used to pay off debt. Employees should take advantage of every chance to “legally” avoid paying taxes on earned income. By using employee benefits to maximize tax advantages, your employee financial wellness will significantly improve.

Financial Anxiety

According to science, Financial anxiety is a feeling of worry, fear, or unease about your finances. Consistent thinking about your monetary goals and how you’re not reaching them can be a sign of financial anxiety.

Employers can make provision for a financial assistance program. Employees can also manage Financial anxiety by focusing on things they can control and doing things that can help them stay healthy as much as possible. Later in this article, we’ll discuss how to manage financial anxiety.

Paid Leave

Employers should provide up to two weeks of paid leave related to COVID-19, according to The Families First Coronavirus Response Act (FFCRA). It’s not only the employee that will benefit from this, as employers are also eligible for two new refundable payroll tax credits.

The Coronavirus Aid, Relief, and Economic Security Act (CARES) put in place close to $350 billion in partially forgivable loans to small businesses and nonprofits with 500 or fewer employees impacted by Covid-19 to help cover payroll and temporary closings. Employees need to check with the H.R. department of their company and inquire about any benefits and paid leave they may be eligible for.

Unemployment Resources

The naked truth is that most employers, especially small businesses, will have to sack and lay off employees during the COVID-19 pandemic. However, employers should provide severance pay, extend health benefits, and state a tentative rehiring date in case the business plans to continue running.

Employers should also aid employees with the unemployment process.

Mental Health

Mental health platforms that provide teletherapy have noticed a rise in usage during the Coronavirus pandemic. People become anxious, depressed, isolated, and lonely as they observe social distance and stay home to limit the spread of the virus. Providing resources to those who are struggling with their mental health during this crisis is vital. Employers should evaluate their present mental health benefits and consider telehealth solutions.

Virtual Recruiting

It’s no longer news that employers in essential services are struggling to fill open positions and comply with social distancing restrictions. For instance, CVS Health will recruit 50,000 full-time and part-time personnel through virtual job fairs, interviews, and job tryouts.

Employers can offer assistance to unemployed people by using virtual solutions such as video conferencing for interviews. There is no need to suspend the hiring process if you have the budget to employ.

How to Manage Financial Anxiety

In the previous section, we discussed how employers could help with their employees’ financial anxiety. In this section, we’ll discuss how the employees can manage their economic stress during the COVID-19 pandemic.

Enquire About Your Eligibility It’s normal to be anxious about whether you will be layoff at work or not. If there is a provision for sick leave at work, you should make use of it now.

  • Positive Mindset

You need to focus on the functional aspects of your finances instead of the negative issues. Although thinking positively won’t conjure any magic, it can help calm your fears. It can also help you recognize and appreciate your financial strengths, which could proffer solutions to some of your problems.
Get a piece of paper and start listing the positive aspects of your money management skills. If things are tight or money is causing you anxiety, take a second to focus on where you’re going right. It will help you stay calm and clear your head.

  • Prioritize Your Payments

    You need to prioritize which bills you’re going to pay first. Take care of your essential need, such as food, shelter, utilities, clothing, and transportation first. Just be focused on taking care of your necessities while doing your financial planning.Download a complete guide on Financial planning for FREE!There is no need to shop for attire, so resist any urge to engage in any retail therapy. Be on alert with rules about rent and EMI payment as some states are implementing programs that prevent evictions during the pandemic.
  • Look for Alternative Sources of IncomeSince you’re not sure if your job will be affected by the pandemic, you may want to start looking for an alternative source of income. You may make use of the opportunity to join the freelancing market.Some companies are desperate to hire freelancers presently. You can use any soft skills you possess to earn extra cash from home.
  • Manage Your Mental Health

    Several studies have linked financial distress to poorer mental health. The more stressful you’re about money, the harder it may be to manage your psychological wellbeing and vice versa.You can manage your mental health by practicing good self-care. Make use of the pandemic to identify and practice healthy coping skills. Since you can’t go to the gym or go on an outing with your friend, it’s essential to determine what coping strategies work best for your stress level. Lastly, you also need to exercise more.

Ways to Help Reduce Financial Stress of Employees During Covid-19

With the current Covid-19 pandemic, your employees are stressed financially. Employers are tasked with helping them reduce financial stress because it can affect their productivity at work.

Here are ways to reduce employee financial stress. These include:

  • Quick Access to Earned WagesPresently, most workers are working from home. They need to pay the rent, and the bill for purchasing groceries is getting higher. Sometimes when hourly employees need quick cash, they run to expensive payday lenders that charge excessive percentage points in APR for a short-term loan.Employers can help to put money in the bank before payday. You can simply reduce their next paycheck by the amount they draw early.
  • Empower Employees to Master their MoneyA considerable percentage of people who earn six-figures live paycheck to paycheck, and this causes financial anxiety. Plus, presently, the next paycheck is not guaranteed. Thus, it’s no surprise to learn that some hourly workers face a severe cash crunch.Employers need to educate their employees on how to master their money and have proper financial planning. You will offer them the best tools and benefits. You need to treat them as partners for long-term success because you will be setting yourselves up for a major win-win.
  • Give Employees the Chance to Choose their PaydayMany organizations are conversant with a typical payday schedule such as the 15th and last day of Monday, every Friday, or weekly schedules. By offering early access to earned wages, employees can effectively choose their payday.
    Due to the pandemic, most employees are stuck with their families at home, so the bills continue to surge. With this provision, they can shift around their payment schedule to better align with their laws and financial needs.
  • Organize Coaching on Debt

    Most public schools don’t make provisions for a lecture on personal finance or financial planning. Due to the lack of training from parents or friends, most people don’t know how to handle things such as debts, credit cards, and bank accounts.Financial classes, coaching, and assistance programs will do an excellent job of helping employees overcome financial strains on their own. It can begin with a simple tip or piece of advice. Employees having a better understanding of their financial options will increase their satisfaction. Employers have the power to make it easier for their employees to find financial stability.Here’s a Free Course on Financial Planning, Enroll today
  • Automated SavingsEmployees need to automate savings to escape the paycheck-to-paycheck cycle. Based on the Federal Research report, nearly 40% of U.S. households could not afford a $400 emergency from savings. Thus individuals and families must maintain an adequate emergency fund.Employees can automate savings by going through a split direct deposit from their payroll provider. Plus, they could turn on a recurring transfer from checking to savings on payday at their bank.


And there you have it – ways to help your employees deal with financial stress during the Covid-19 pandemic.
Helping your employees in these ways is a good start towards improving your workforce’s financial wellness and could lay a foundation for implementing a full-blown employee financial wellness program in the future.

From those mentioned above, it’s vivid that you need to turn your employee’s financial stress into financial wellness. Employers must know what their employees need help with and what they worry about.

The Importance Of Financial Literacy at Workplace

The Importance Of Financial Literacy at Workplace

To ensure the productivity of an organisation is at its peak, as an entrepreneur you must have the best employees. However, an organization is a mixed-bag of employees. It is the employees’ hard work and dedication that ultimately drives in the profits and improves the wellbeing of a company.

However, if your employees are healthy, happy and eager to work, as a business owner, you will see a positive change in the fortunes of your firm. On the other hand, if they are stressed and anxious, you will see the figures drop.

One of the most important reasons for stress among employees is financial worry. A majority of the people suffer from money-related problems as their financial management skills are not the best. It is, therefore, your duty and responsibility to introduce a financial literacy program in the workplace to ensure your staff understand the basics of financial literacy and manage their money better.

Once your employees are financially literate, they would be able to manage their own money much better and hence their stress levels over financial issues would eventually reduce! This would surely lead to healthier and happier individuals who would contribute immensely to the growth of the organisation.

The importance of financial literacy

As stated, it is very important to introduce the concept of financial literacy among your employees.

Here are a 5 reasons to highlight the importance of financial literacy:

1) Understanding investments –

Very few people can solely rely on their salary to take care of all their financial goals. Wealth creation is extremely important and that mainly happens with the help of investments. Unless you invest a part of your money, you will seldom see it grow and you will struggle to meet your long-term financial goals.

Pro Tip: A good financial literacy program teaches your employees about investments and guides them on how to multiply their wealth with the resources at hand.

2) Managing debt –

Borrowing money has become tremendously commonplace in the modern era. There are very few individuals who do not opt for bank loans. From home loans to personal loans, from education loans to car loans, an average person has many loans against his name. However, managing this debt can become a challenge if a proper debt management system is not implemented.

Pro Tip: A good financial literacy training talks about debt management and ensures people don’t struggle to pay off the loans they have.

3) Effectively clearing bills –

Apart from loans and EMIs, most of us struggle to pay a fat bunch of bills each month. From credit card bills to utility bills, the total bill payment amount is large enough to cause stress and anxiety among many!

Pro Tip: This is why you must insist that your employees undertake a financial literacy program and understand the ways in which the bills can be effectively cleared each month.

4) Planning for retirement –

As a responsible employer, you will pay your employees their monthly salaries. This would help them to take care of their livelihoods. But what happens after they retire? You would not be paying them their monthly salaries any longer so how would they sustain?

Pro Tip: To make sure they have a financially secure retirement, you need to train them about retirement planning. Do this with the help of a financial literacy program at the workplace.

5) Budgeting –

And last but not least, the importance of financial literacy at the workplace lies in teaching the employees budgeting.

Pro Tip: They need to know all about making a budget and sticking to it as that is the only way in which they can cater to their monetary needs and still save money for their future.

A good financial literacy program touches upon all these areas and provides wholesome training to the employees of the company.

What do financial literacy programs look like?

A financial literacy program, as the name suggests, is a comprehensive education program that focuses on teaching the participants the basics of monetary management. Here are some common components of a standard financial literacy program:

1) Step #1: Budgeting and saving –

Unless a part of the money earned is saved, a person will struggle financially. A financial program aggressively trains the participants on how they can budget and save. Making a budget may seem like a simple task, but in reality, it is actually quite complicated.

One needs to know their spending patterns, financial responsibilities, debt system, etc and then make a proper budget. Once a good budget is in place, the payments and savings both can happen. Budgeting and savings thus form an important part of any financial literacy program.

2) Investments –

As mentioned above, investments are the key to financial independence. However, the investments should be proper and effective, sadly, a poor investment can lead to heavy losses and the investor may even end up losing all his hard-earned money.

This is why a person requires extensive training and guidance before he begins investing his money. A financial training program tells the participants about the different investment channels, the risks associated, etc and helps them to choose the correct platform.

3) Taxation –

Taxation is a very important part of any financial plan. Most people who earn incomes pay taxes in some form or the other. Though commonplace, taxation is still a topic that baffles many.

If your employees are a bit confused about their taxes, enrol them in a financial literacy program and help them to understand all about the taxation system.

4) Maintaining good credit –

A financial literacy program teachers employees about maintaining good credit. There really is no alternative to having a good credit score as that allows a person to enjoy sound financial wellbeing.

Your financial journey becomes a lot smoother if you maintain good credit and this is why it is so important to learn about it.

Want to know more about financial wellness and it’s importance, read our blog to know more.

5) Staying away from frauds –

Sadly, frauds and cheats are rampant in the financial world. Many a time, unsuspecting people fall prey to these fraudsters and end up losing all their money. From disguising as bank employees to investment gurus, these fraudsters are there at every corner.

When your employees undergo a financial literacy program, they learn about the ways in which they can identify and subsequently, stay away from these cheats.

As you can see, these are very important financial topics that everyone needs to understand. When you arrange for a financial training program, your employees get wider knowledge about these economic matters and that benefits them to a large extent.

The cost factor – Financial education doesn’t have to be expensive

As a small business owner, you may be apprehensive about the costs involved in arranging a financial training program for your employees. The good news, however, is that such programs are often affordable and never too expensive to worry about. There are some very good and successful financial academies that offer customised training programs to company employees at very economical costs.

Options in financial literacy for employees

These days, employers around the world opt for new and interesting ways to impart financial training to their employees. From financial advisors coming in, to online courses being set up, there are indeed many options for imparting financial education among the employees. Some of the most popular options include:

1) In house financial advisor –

You can start off by employing a financial expert who can offer his or her advice to the other employees whenever needed. Many a time, employees feel tremendous stress and anxiety and fail to cope up with their financial troubles.

Having help at hand at such times can be of immense help. Also, when the advisor is a co-worker, the employees feel more comfortable discussing their issues, in comparison to discussing them with a complete stranger.

2) Option for teleconferencing –

Your next option is to set up a teleconferencing facility. You can tie up with a financial education firm and offer a phone number to your employees.

They can call the number and speak to the financial advisors and get the financial training they need.

3) Arranging physical workshops in the office –

Another option is to arrange for a financial literacy workshop in the office premises during office hours. There are many trainers who would come down to your office and conduct a fixed-duration workshop.

It can be a monthly affair or a bi-yearly one, depending on what your requirements are. The employees can join the workshops and get the training they need to ease out their financial struggles.

4) Signing up for online courses –

Many offices worldwide opt for the very popular option of online financial courses. There are many academies that offer excellent financial literacy for employees through these online courses.

In fact, there are multiple courses on Financial Literacy for your employees on Koppr Academy that can benefit your employees. You can opt for the same. All you need to do is to provide the login details and inform the time and ask all the employees to log in. they can receive the training remotely and stay one step ahead in the economic game.

Opting for Online Financial Literacy Courses on Koppr would not only be cost-efficient but make the most sense in the post-COVID era where everyone can access the same at their ease without having any physical interaction. This would keep their productivity ongoing.

You can opt for any of these options to ensure your employees receive the financial education and training they require. You need to ensure that the training they receive is of superior quality. Unless this is ensured, your employees may not gain completely from the training you arrange.

Benefits for the organization on training the employees on Financial Literacy

If you financially sound employees, your organisation will benefit immensely. Here are some ways in which that can happen:

1) Increase in productivity –

There can never be enough emphasis on how important and beneficial it is for the employees to be mentally fit. If they are constantly bogged down by stress and anxiety, they will remain preoccupied and that will prevent them from delivering their best. Even the most talented employees won’t be productive enough for your business to flourish.

And as we all know, financial stress is one of the main reasons why people lose their mental stability and get into tremendous bouts of anxiety. This causes them to lose their focus. If their finances are sorted, they are more relaxed and can focus more on the job at hand. This would increase the levels of productivity and in case benefit your organisation to a large extent.

Read a blog on How can you improve the mental health of employees in your workplace?

2) Easy to retain employees –

An employee who is financially stressed would be very tempted to change his job and opt for a new position where the salary is just marginally higher. He or she may not even give a lot of thought to the process of changing jobs at such a time. This can be quite damaging to your firm, as losing a capable employee who you trained over the years can be detrimental to the company.

If the employee is financially secured, he or she will be happy to earn the current salary and definitely will not quit the job just for the lure of a few extra bucks.

Here are top 9 employee retention strategies that will help your to retain the best talent in your organization.

3) Good reputation for the company –

When stressing the importance of financial literacy for employees and arranging various training programs for the same, you end up taking good care of your workers. This works in your favour and also increases the reputation of the organisation. People identify you as a good employer who thinks about the employees.

This increases your reputation in the industry and the best candidates want to work for your company. So financial literacy for employees has this added benefit that you can easily amass.

4) Financial gains –

Last but not the least, you get some economic gains of your own when you ensure your employees have proper financial knowledge. To begin with, the employee sick days reduce quite dramatically once the employees know how to cope with the financial stress around them.

Then, there is also a lowered healthcare-related expenditure as the employees stay physically fit and healthy when they are mentally relaxed and stress-free. And finally, employees who aren’t distracted by their personal money matters will definitely perform better and add to the revenue generation of the organisation. All these factors would prove to be financially fruitful for you, the business owner, in the long run.

Any organisation would benefit from having financially competent employees who are happy and perform their best. This is one of the biggest reasons why you should stress on arranging programs that aim to increase the financial literacy for employees.

Collaborating with a good academy

As you can clearly see from the points mentioned above, providing financial training to your employees is of utmost importance and as a business owner, you simply cannot skip doing this. However, you must also remember that providing proper and insightful training is vital. Many employers make the mistake of appointing sub-par financial trainers. This causes a lot of harm and the employees receive poor quality financial education. This leads to more problems and the training proves to be a disaster! You need to steer clear of all such matters. You can start off by hiring or collaborating with a highly competitive and able financial academy such as Koppr Academy.

Koppr Academy is an online financial training platform that offers financial literacy programs with the help of video tutorials prepared by financial experts. The course material is carefully curated and designed in a way to promote financial literacy for employees.

The courses can be accessed online by your employees 24×7. They can learn about various financial aspects such as retirement planning, investments, debt management, budgeting and so on. The courses are very affordable and this makes it easy for you to enrol your employees into these programs.

To sum it up

When it comes to money, most people are still quite conservative and prefer to be discreet. The reluctance to discuss their financial matters and the urge to manage it all by themselves lead to financial stress in many people. This is why you must integrate some methods into the regular work to inculcate the basics of financial literacy among your employees. A good way to do this is to introduce a financial literacy program for your employees.

After going through all the points mentioned above, the importance of financial literacy can not be ignored any longer. So get associated with a good academy like Koppr Academy and provide your employees with all the aid they require and soon you will have a group of financially sound employees who would deliver their best performance at work.

To a step toward spreading financial literacy we have a FREE course on Financial Planning. Enroll Today!


The best financial wellness quotes

The best financial wellness quotes

Money and finances play a very important role in our lives. Money serves as a medium of exchange to facilitate various transactions and run our lives. Financial wellness is mainly associated with the control and management of your finances. Financial wellness can otherwise be said as “financial well-being” and refers to the financial health of an individual.

In other words, financial wellness can be said to be the various ways in which finances of individuals intersect with their physical, mental and social wellness. It refers to how secure an individual’s money is given all the variables involving around an unknown future.

Financial wellness is beneficial for you as it frees you from one of the most important concerns – MONEY. Here are some of the effects which financial wellness brings in its wake

      • Stress-free life
      • Quality time spent with family members
      • Better productivity at work
      • Increased attention and focus on the different aspects of life
      • Peace of mind
      • Financial security for the family even in your absence
      • Job promotion due to increased productivity and skill, etc.

Even famous writers, actors, philosophers, novelists, entrepreneurs, political leaders and other well-known figures have stressed on the importance of financial wellness. Let’s see what some of the famous people had to say about the different components of financial wellness

Financial wellness quotes on careful spending

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver”. – Ayn Rand

You may want to read: 20 common money mistakes people make

“It’s not your salary that makes you rich; it’s your spending habits”. – Charles A.Jaffe

“Beware of little expenses. A small leak will sink a great ship”. – Benjamin Franklin

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are”. – James W.Frick

“Every time you borrow money, you are robbing your future self”. – Nathan W.Morris

“Many folks think they aren’t good at earning money when what they don’t know is how to use it”. – Woodrow Wilson

“Wealth consists not in having great possessions, but in having few wants”. – Epictetus

“Poor spending habits lead to poverty”. – Mac Duke the strategist

“Never spend your money before you have it”. – Thomas Jefferson

“You must gain control over your money or the lack of it will forever control you”. – Dave Ramsey

“If you buy things you do not need, soon you will have to sell things that you need”. – Warren Buffet

Financial wellness quotes on saving

While the above-mentioned quotes stress on the importance of careful spending, the following stress on the importance of saving

“Do not save what is left after spending, but spend what is left after saving”. – Warren Buffet

“A penny saved is a penny earned’.- Benjamin Franklin

You should read: What are goal-based savings?

“If you would be wealthy, think of saving as well as getting”. – Benjamin Franklin

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind”. – T.T. Munger

“Small amounts saved daily add up to huge investments in the end”. – Margo Vader

“Prosperity is the fruit of labour. It begins with saving money”.

“Try to save something while your salary is small; it’s impossible to save after you begin to earn more”. – Jack Benny

“Save your money. You are going to need as much money in your old age as you think”. – Michael Caine

“In the long run, it’s not just how much money you make that will determine your future prosperity. It’s how much of that money you put to work by saving it and investing it”.- Peter Lynch

“By saving you are buying your future, by borrowing you are selling your future”.

“Money speaks only one language. If you save me today, I will save you tomorrow”.

“Swim in savings. Don’t drown in debt”.

Financial wellness quotes on budgeting

To achieve financial wellness, one of the effective measures is to make a budget and follow the budget stringently. Here are some famous quotes on the importance of having a budget and sticking to it

“Having a budget doesn’t mean you can’t have fun. It means you make a plan and don’t let your expenses get out of control”.

“A debt problem is, at its core, a budgeting problem”.- Natalie Pace

“The simplest definition of a budget is telling your money where to go”. – Tsh Oxenreider

“Every cent you own and every moment you spend is always an investment”.- Natalie Pace

“Manage your spending by creating and sticking to a budget”.- Alexa Von Tobel

“Doing a budget means learning an ancient and powerful word: NO”- Dave Ramsey

“Budgeting has only one rule. Do not go over budget”.- Leslie Tayne

“The budget is not just a collection of numbers, but an expression of our values and aspirations”.- Jacob Lew

Good read: How to budget your monthly spends in 2020

“A budget is telling your money where to go instead of wondering where it went”.- Dave Ramsey

Building blocks of financial wellness

Now that you know the main components of financial wellness, there is another viewpoint for achieving financial wellness. It can be said without a doubt that financial wellness is the outcome of financial independence, which, in turn, is the outcome of financial literacy.

If you are financially literate, you would know how to manage your money and invest it in avenues which help in fulfillment of your financial goals. With the application of financial literacy, you can achieve financial independence and an individual having financial independence is said to be financially well.

Financial wellness quotes on financial literacy

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed”.- Edmund Burke

“The number one problem in today’s generation and the economy is the lack of financial literacy”. Alan Greenspan

“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate”. – Robert Kiyosaki

“Those who master money are free to serve others still mastered by it”. – Orrin Woodward

“Financial education is more valuable than money”.- Mac Duke

“People with low financial literacy standards are often unable to take their ideas and create assets out of them”.- Robert Kiyosaki

“Most people should learn to tell their dollars where to go instead of asking them where they went”.- Roger Babson

“Every financial worry you want to banish and financial dream you want to achieve comes from taking tiny steps today that put you on a path toward your goals.”- Suze Orman

“If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life”.- Billy Graham

“Know what you own, and know why you own it”. – Peter Lynch

“Lack of money is no obstacle. Lack of an idea is an obstacle”. – Ken Hakuta

“Being promoted to a top position in your organization, or even being elected to a public office, does not suddenly endow you with financial literacy, if you did not acquire and develop it, earlier in your life.”- Strive Masiyiwa

“While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care, and other thorny issues. In other words, they don’t have the financial literacy to scale their businesses and attract investors.

These quotes show that financial literacy is important if you want to be successful in whatever you do and if you want to lead a financially free life.

Financial independence has also been stressed upon by eminent individuals since it is the precursor to financial wellness. A financially independent individual is a financially well individual. Both financial independence and wellness go hand in hand.

Quotes on financial independence

“If you want to be financially free, you need to become a different person than you are today and let go whatever has held you back in the past”.- Robert Kiyosaki

“If you are not financially independent by the time you are forty or fifty, it doesn’t mean that you are living in a wrong country or at the wrong time. It simply means that you have a wrong plan.

“More important than how we achieve financial freedom, is the why. Find your reasons why you want to be free and wealthy”.- Robert Kiyosaki

“If you will make the sacrifices now that most people aren’t willing to make, later on, you will be able to live as those folks will never be able to live”.- Dave Ramsey

“The best thing money can buy is financial independence”.- Rob Berger

“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.”- Robert Kiyosaki

“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this”.- Dave Ramsey

“Working because you want to, not because you have to is financial freedom.”- Tony Robbins

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life”.- Suze Orman

“I believe that through knowledge and discipline, financial peace is possible for all of us”. –Dave Ramsey

Financial wellness is a big concept. It is like looking at the bigger picture but when you do that you cannot ignore the smaller bits which help in making the picture whole. Spending carefully, budgeting, saving, financial literacy and financial independence are these smaller parts of the bigger picture of financial wellness. So, understand the importance of all these smaller parts so that the big picture is whole and complete.

If you are an employer, you might want to read the guide on Financial wellness for your employees

The above-mentioned quotes are motivational in nature and also stress the importance of each component of financial wellness. So, if you want to understand how to achieve financial wellness, use these quotes to your advantage and keep motivated in making yourself financially healthy.

Top 4 financial wellness consultants in India

Top 4 financial wellness consultants in India

What constitutes a good workplace? Is it a high salary package or a range of employee benefits?
In today’s age, when attracting good employees has become a race for employers, merely offering a good pay package or employee benefits is not enough. Employers need to ramp up the value-added benefits that they offer to their employees if they wish to promote loyalty and better productivity. One such employee benefit, which is slowly gaining prominence in today’s corporate frame-work, is the concept of the financial wellness of employees.

Who are financial wellness consultants?

Financial wellness consultants are individuals or companies which conduct financial wellness programs for the employees of an organisation. Financial wellness consultants have thorough professional knowledge about all the aspects of finance and how financial management can be undertaken. These consultants devise a financial wellness program for the employees which provide financial help and consultation to all the employees.

Moreover, financial wellness consultants also offer personalized services to employees who would like assistance in managing and handling their finances. Thus, financial wellness consultants are, in reality, financial coaches for your financially challenged employees.

Koppr provides financial wellness solutions to startups, SMEs and large enterprises. Have a look at our financial wellness platform.

Top financial wellness consultants in India

As mentioned earlier, financial wellness programs are still in their nascent stage in India. However, employers looking for financial wellness consultants would still be able to find multiple options as the concept is fast catching on. So, if you are looking for some of the best financial wellness consultants for your organisation, here are four of them to choose from


Mercer is a multinational company which offers a range of employee benefit programs, including financial wellness programs. The company is present across 44 countries and is a leading name in providing financial consulting services. Mercer’s financial wellness programs are tailor-made to suit the requirement of employees of different types of organisations. Mercer also believes in fostering financial literacy and helps employees have better control over their finances.

Getting You Rich

This is a relatively new company which was founded in Mumbai in the year 2012. The company specializes in professional financial consultation and in conducting employee financial wellness programs. They allow employers to download their e-book free of cost which outlines the importance, need and the method of employee financial wellness. The company has conducted many financial wellness programs in India for reputed clients which include Hindustan Unilever Limited, Reliance Industries Limited, Capgemini, Randstad, TCS among others.

Vinod Desai

Vinod Desai is a noted author whose works on financial literacy and habits have found many takers. He conducts employee wellness programs for companies and the program is called the Moneyplanting Program. The program stresses on the basics of investing and handling finances. Vinod Desai’s employee financial wellness programs have different modes.

There is a 4-hour boot session camp which teaches the basics of finance, a 1-day essential program for a deeper knowledge and a 2-day comprehensive program for a complete understanding of financial matters. Employers can also test the program’s effectiveness through a 2-hour long talk session which outlines the program details and its need.


Another Indian company, ArthaYantra believes that employee financial wellness is of utmost importance for corporates if they want to be profitable and competitive. ArthaYantra’s financial wellness programs have been recognized the world over with the company earning many awards under its belt.

The company’s financial wellness program for employees is defined in four main words:

Objective – which shows that the program is objective-driven and works towards employee’s financial wellness

Customized – which shows the flexibility offered by the program to be customized as per the needs of the organisation

Scalable – which shows that the program can be easily measured

Outcome-driven – which shows that the program has a focused approach to the outcome which it yields.
Corporates can, therefore, create an effective financial wellness program for their employees with the help of ArthaYantra’s programs.

How to choose the right financial wellness consultant for your company?

Employers can choose any of these financial consultants to develop a financial wellness program suitable for their employees. However, before zeroing in on the best financial wellness consultant, you should take care of the following:

  • Find out how financially prepared your employees are. Take a financial wellness survey to judge the financial health of your employees. This survey would give you the data of how financially free your employees are and the areas around which the program should be developed.
  • Make sure that the program is customized as per the needs of your employee. This would make the program effective in tacking the exact financial problems that your employees face.
  • Make the financial wellness program incentive-based to increase participation. Though the program is aimed at making the employee financially empowered, its importance might be lost on some of the employees. By providing employees with the promise of incentives you can ensure maximum participation to get the maximum benefit from the program.
  • Try and make the program an ongoing activity. Financial wellness is not a mean feat. It needs time and dedication. Only when your employees are regularly updated about the program and taught financial practices on a continuous basis would they be able to achieve financial wellness.

Get the complete guide: How to bring financial wellness to your employees

As an employer, you know what your employees need and its time you put their needs into focus to propel your business to new heights. A happy employee is a happy workplace and what better way to promote the happiness of employees than by making them financially free? So, choose a suitable financial wellness consultant for your organisation and motivate your employees to participate in financial wellness programs.

Financial Wellness Month

Financial Wellness Month

What comes to mind when you hear ‘April’? The start of the new financial year, perhaps!
April is the month when the new financial year starts and businesses plan their yearly fiscal target.
The employees are briefed, plans are created and all possible actions are taken to ensure that the year starts on a good note. What about financial wellness? Is it given any consideration when the new financial year starts?

What is the financial wellness month?

In foreign countries, January is considered to be the financial wellness month as this is the month when the new financial year starts. In this month, employers aim to make their employees financially healthy so that their productivity increases.

In India, however, April is the financial wellness month as the financial year starts from April. In India, the concept of financial wellness of employees is slowly gaining traction as multinational companies are bringing this practice to their Indian offices as well. Nowadays, the millennial employee not only looks at the salary package that the employer promises but other value-added benefits of employment. Among such value-added benefits is the concept of financial wellness and how employers aim to institute the concept in the workplace. Do you know what financial wellness is all about?

The concept of financial wellness

Financial wellness is defined as the financial health of an individual. An individual is said to be financially well if he has control over his finances and knows how to manage them and make them fulfil his goals. Financial wellness also signifies financial independence and is essential for every individual to achieve to lead a fulfilling life.

The concept of financial wellness month

In India, as mentioned earlier, April is considered to be the financial wellness month. The month of April marks the beginning of a new financial year and is thus, the best time when the employers can motivate their employees to plan for a healthy financial future.

Financial wellness month is a reminder to maintain healthy habits related to money management. April 2020 marks not only the financial wellness month of the year but also of the entire decade and needs to be heralded with fanfare.

Planning for financial wellness month by employees

Individuals can consider April to be a landmark in their calendars and take steps towards their financial wellness. Here are some things which employees can do to strengthen their finances and make April count –


Individuals need to earmark their monthly spending and create a budget. Unnecessary expenses should be cut down and the budget should be followed to ensure there is no unnecessary spending. Half the financial battle is won if individuals correct their spending habits. Spreadsheets, personal finance applications, etc. can be used to track and monitor spending and to weed out unnecessary expenses.


Saving is essential to create a corpus to meet the different financial goals of life. An emergency fund is a must for meeting certain unexpected and unprecedented expenses. Once an emergency fund is created, individuals should start saving for their short term and long term financial goals. Once the short term goals are saved for, savings for long term goals should be sped up to create a substantial corpus when the need arises.

Also read: How to help your employees save money?


Availing debt should be avoided. However, some debts, like home loans, are essential in fulfilling financial goals. Moreover, these loans can also prove advantageous in building up a good credit score, giving tax reliefs, etc. So, individuals should borrow only when needed and good loans should be given precedence over bad ones. Also, individuals should avoid falling into a debt trap. Any subsequent loan should be taken only when the previous loan is paid off or is nearing repayment.


Investing is an effective tool that can be used to build wealth and save for the future. There are several investment avenues available such as debt mutual funds, equity mutual funds, fixed deposits, National Pension System, RBI taxable bonds, etc. which can be of great help for individuals in the future.
Successful management of finances will not only make individuals feel that their finances are in control but also ensure their financial well-being.


Major activities which can be done during the financial wellness month 2020

April 2020 is round the corner and some serious financial planning should be done in this month to start the quest of financial wellness. Here are some activities which should be undertaken by employees and individuals to achieve financial wellness –

Writing down financial goals

What is the use of financial planning when there is no particular plan in place? Failing to plan is planning to fail and demarcation of goals is necessary if you don’t want to fail. The financial wellness month is the best time when employees can sit down and review their finances. Employers should motivate their employees to jot down their financial goals so that a proper financial plan can be envisioned to fulfill such goals.

Read: What is goal-based savings and how to achieve your financial goals?

Review of cash flow

Once the goal planning is done, the next step is to identify the cash flow. Individuals need to know their incomes and the expenses where the income is being allocated. This would give them a clear idea of how much funds they have at the end. This fund can then be channeled into investments for growth.


Once the amount of disposable savings is ascertained, it is time for investment. Investments are the only way to create wealth which would prove sufficient to fulfil the demarcated goals. Individuals should choose proper investment avenues depending on their risk appetite, investment horizon, tax planning and investment strategy.

Activities which employers can do this financial wellness month in 2020

Employees are the greatest asset of an organization and so, employers should promote the importance of financial wellness month among their employees.

Employers should be aware enough to drive the importance of financial wellness home for their employees. Thus, in this financial wellness month, employers can also take steps to ensure that their employees are financially healthy.

You might like to read: Financial wellness programs in India

Some of the major areas of financial wellness where employers can lend help in the coming financial wellness month include the following

Boosting retirement planning

It is a very common observation that most employees do not have enough savings for their retirement. If the employees are covered under the EPF scheme, they think that they are creating a sufficient retirement corpus. This might not be true. Since inflation is steadily increasing, employers should help employees create a considerable retirement fund. Employers can contribute to NPS schemes for their employees which would not only boost the retirement fund of employees, it would also give them tax benefits.

Providing group health insurance schemes

Employers should also provide their employees with group health insurance schemes which would take care of their healthcare costs and spare them the high medical costs.

If you are looking for a corporate insurance policy, you can work with the Koppr team.

Building the overall financial literacy of employees

It is a fact that in reality the financial literacy rate is quite low and employees do not wish to get into the nitty-gritty of finances. Employers must take initiatives to make employees interested in financial education and in improving their financial literacy rate. This can be done by providing employees with educational tools and materials related to financial benefits and wellness. There are various apps and platforms available which can give employees a clear understanding of the financial decisions they should take, any investments which they should make which would be profitable for them.

Personalized communication

Financial wellness month April 2020 can be used by the employers in developing personalized communication with the employees so that their benefits satisfaction is enhanced. Employers must tailor the financial educational tools to the specific financial needs of the employees. By personalized communication, a clear assessment of the financial needs of the employees can be done so that proper financial tools can be deployed by the employer.

Financial wellness surveys

Employers can use financial wellness surveys to help understand the financial health of their employees. You can provide incentives to employees to participate enthusiastically and record their answers. The answers can then be collated to find out the current financial health of employees and the steps which can be taken to improve it.

Take the employee financial wellness survey of India

Customized financial wellness programs

As mentioned earlier, there are various financial wellness programs available in the market which help an organization to boost the financial wellness of its employees. Employers should invest in such programs so that their employees learn about their financial health. Such programs also equip employees with the necessary tools at their disposal to achieve financial independence. Employers should ensure that the programs are customized to meet the needs of their employees. The programs can be customized by using the financial wellness survey and the answers recorded therein.

Read the complete guide to financial wellness for your employees


Ensuring the financial wellness of the employees at the workplace is a win-win situation for both employers and employees. Financially healthy employees would always be a great asset for an organization and an employer must try to remove all the obstacles which stand in between the employees and their financial wellness.
Well begun is half done and if the new financial year is started on a high note, the employees would be motivated and more productive. They would be able to handle their finances more effectively which would free them from financial stress. A stress-free employee is the best asset of the company with increased focus and productivity.

Thus, this financial wellness month 2020 can be used by the employers to implement some changes into the employee financial wellness programs, motivate employees to spend smartly and for giving the employees necessary tips on handling finances tactfully to have a successful financial year ahead.