4 Nov 2016, 10:21 — 2 min read
Have you ever wondered that if your employees used the corporate style of working while managing their personal money, then the results could be very different for them? Personal finance is not complex but then we don't pay attention. The same principles of budgeting, metrics, risk management, project management & cost management can help one to achieve much better results when it comes to personal finance.
How does this matter to you? Check any report on workplace wellness and you will notice that employee productivity is strongly linked to their financial stability. And, would you not like to have an exit barrier? How about creative ways to retain your top performers? Do you know that globally the best companies pay lot of attention to financial wellness of their employees?
In this era of information overdose, your employees need help with a fine-tuned approach to learning money. Remember that a subject like personal finance needs multiple touch points and the benefits take a while to show up. The concept of financial independence is not new & the challenges for growing one’s money continue to be the same as well. The good news is that this is not very difficult to begin. I suggest you find ways to help your employees better manage their personal finance. You could set up a money club, get an expert to talk through the secrets, get employees to come to the work with their families and help them better learn money in a workshop. There are many ways, but let’s remember that the difference between information and transformation is action.
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By Rajesh Joshi