What employers need to know financial education

More employers are recognising the importance of supporting employees’ financial wellbeing in the workplace with education programmes.
Financial education is a benefit that is both valued by employees and valuable to the employer in the sense that employees are able to gain a better understanding of how to manage their money, or more effectively plan for their retirement, thereby helping to keep the talent pipeline and succession plans moving.

But what do employers need to include in a financial education programme?

Darren Laverty, partner at Secondsight, says: “Everybody is uniquely different in terms of their financial savvy, their education, their background, their stage of life. It’s too variable to try and segment and to get right. We found [employees] don’t know what they need to know; we’ve had to step right back and say, ‘let’s get people aware of what they need to be educated about’.”

Read the article in full from Employee Benefits magazine here.