Dhiren Master of Salary Finance on how employers can play a supportive role in employee finances
He discussed how financial wellbeing is quite simple, employees already know how to be financially fit by saving more and spending less, but that does not mean they will actually do this.
Master sets out the five categories people fall into when it comes to financial situations, including: strugglers, copers, builders, planners and those who prosper. Dhiren stated that there are four key areas for employers to consider to help employees with financial wellbeing such as moving away from static structures and towards more transient networks, and also to offer a more holistic financial wellbeing approach.
Supplied by REBA Associate Member, Salary Finance Inc
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