Mental health and stress caused by financial concerns are a 24/7 strain on some people. Particularly when at work. Research by Capita found over 34% of employees feel stressed because of their financial situation, with 21% feeling that their financial worries have adversely affected their work. DAM Workplace Financial Education sessions will help them future proof their finances and put them more in control while we take the strain.
The financial education sessions we deliver provide employees with a grounding on some of the key financial products available to them, as well as the opportunity to ask questions and gain highly specific information on their personal circumstances.
The inherent sophistication of today’s financial markets can feel impenetrable to some people. Your employees are now no longer just choosing between interest rates on two different bank loans or savings plans, but are being offered a variety of complex financial instruments for borrowing and saving, with a large range of options. And whilst people have always been responsible for managing their own finances on a day to day basis, it’s clear that recent developments have made financial education and awareness increasingly important for employee well-being.
How do DAM’s Workplace Financial Education sessions work and cost?
The workplace financial education sessions involve one of our consultants attending the premises to give an overview of the new pension rules and what they mean, the retirement options available for savers and the most important rules associated with each. We will also cover the most common mistakes that savers could make when deciding what retirement package is right for them.
Our consultant will speak face-to-face with any employee looking for some specific retirement advice and can give a more detailed explanation of each individual’s specific options.
Depending on the company, the cost of a DAM Workplace Financial Education session ranges from £500 to £750.
Why should employers provide financial education in the workplace?
Financial education in the workplace is becoming more of an expectation than a luxury. A recent Barclays study found that nearly 2/3 of all employees seek financial education and guidance however, 17% claimed this was currently available to them.
The benefits of introducing workplace financial education can be seen through 73% of staff receiving such education on pensions stating that they feel more engaged with and positive about their employers.
How can I find out more about DAM’s Workplace Financial Education sessions or book one?
Whether you are already thinking of dates for a workplace financial education session or you still have any doubts or further questions, you can give us a call at DAM on 0141 222 2045 or email us at firstname.lastname@example.org and you’ll be able to speak to one of our team about financial education.
One of our consultants can even talk you through the financial education process in more detail and cover everything you may want to know