The Moneyplanting Program on Employee Financial Wellness
A salary is the primary source of livelihood to your employees.
It guides how they live, how they thrive, and eventually, how they retire.
But for far too long, the subject of essential finances has gone severely under-taught. Owing to this, it isn’t hard to find individuals even in senior leadership positions, and a shelf full of patents, who have little or no understanding of finances.
Our employee financial wellness programs teach everything a working individual needs to know about essential finances.
This is critical financial knowledge. One which even the financially-inclined take more than 10-years to gather.
What's behind the hype?
THE BUSINESS OF EDUCATION; NOT ADVERTISING
Our financial wellness programs are brutally honest and unbiased. There are no products to push, no commissions to earn. The program’s only source of revenue, comes from the program itself.
It provides Indian working adults with with uncompromised, 100% sales-free financial literacy.
THE ABSTRACT, BIG PICTURE THINKING APPROACH
A usual approach to finances involves exercises in budgeting, book-keeping, planning, and pouring over spreadsheets of data. But this approach only worsens the learning barrier and increases the stigma associated with financial education.
Our program focuses on fundamentals, and a big picture approach to finances.
STORYTELLING BROUGHT TO FINANCES
The wellness program’s extensive use of storytelling, case-studies and live exercises makes understanding of even advanced concepts riveting and effortless.
It re-invents the way people look at money management, by teaching this life-critical skill in a whole new light.
Why empower your workforce?
76% of Indian working adults were known to not understand essential financial concepts; that’s almost 8 out of every 10 individuals. Besides lack reliable learning resources, the topic has been widely inaccessible for the longest of times.
Due to the lure of commissions, financial middlemen extensively mis-sell financial products. And the lack of adequate financial knowledge means that millions of well-educated Indians fall prey to bad advise, invest hastily, and make same financial mistakes year after year.
In mutual funds alone, 8500 Crores of investor wealth was consumed by financial middlemen. The commission percentages in other products like insurance policies and ULIPS are indeed much higher.
The business case for employee financial wellness programs
Studies show that employees who know how to invest their money well tend to be less stressed compared to those who don’t.
This is also known to reduce absenteeism, and increase productivity, as employees find it easier to focus on work.
Availability tools and resources which can help in money management are known to increase job satisfaction and employee goodwill. Employees appreciate the organization for providing such unbiased financial wellness resources which are hard to find otherwise.
A significant overhead for any HR department are queries related salary and finances. Improved financial literacy significantly reduces this overhead and directly leads to reduced support loads.
And the knowledge of finances helps them craft more compelling employee incentive programs.