Employees who have been taught to handle their money wisely will not only be easier to provide benefits to – they'll also make adjusting and perfecting a benefit package a lot more simple. When workers aren't using their financial services correctly, they're more likely to place greater burdens on entire health plans or savings accounts.
Fortunately, an increasingly popular solution to this problem is to give personnel classes or seminars about watching their wallets. Besides making a company more financially stable, this will also create a knowledgeable and grateful workforce. There are different ways of providing this economic education, so it is important for different organizations to choose the one that suits them best.
According to Fox Business News, a recent study by the Society for Human Resource Management discovered that the most popular ways to teach employees about minding their money are one-on-one financial and investment advice (30 percent), in-group classroom advice (24 percent) and online classes or resources (22 percent).
The more time and resources a company has, the more likely it can give one-on-one advice. However, other options are perfectly acceptable so long as they effectively teach workers how to save and invest wisely.
