Nathan Long of Hargreaves Lansdown on helping employees build short-term cash savings
He set out how employers can help educate staff on 'saving for a rainy day'. Long highlighted that, due to the lockdown, many employees will have spare money on hand and are open to conversations about money and saving.
He added that the best place to start is to use surveys and targeted communications to find out what employees' issues are. Organisations should then consider who should be delivering the message of saving. He suggested that a third party might be best in difficult situations where there may be issues of redundancy or advice on investment is required.
Supplied by REBA Associate Member, Hargreaves Lansdown
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