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People

Benefiting from a financially healthy workforce Logo cgma

  Andrew Kenney |   Free |   Oct 2018 |   FM magazine

Particular business skills are in short supply. Attracting and retaining staff and their personal financial health should be a priority for organisations. This article considers how to promote financial well being by offering support, advice and education so staff can feel their employer genuinely cares.

Topics covered:
  • Management accounting: People: Communication, Advanced

2 Comments/Reflections

Chen Bin

Chen Bin May 2019

engage your employees by executive support, financial education is a way to improve their productive.
Tendai Nyakurimwa

Tendai Nyakurimwa Oct 2018

This is a very good article with ideas that should be embraced by employers. It is absolutely true that a worrying employee do concentrate and ultimately do not give his/her best. Therefore it is very important for employees to take an initiative and encourage their employees to save. It is particularly easy for new employees as stated in the article that they probably have they largest salary increment on the day they are employed. So they are better positioned to make a decision to save.

I will encourage my employer to look at these ways. However, it may be difficult for companies in the developing countries to encourage their employees to save because they are already guilty of paying low salaries to the employees.

I have enjoyed reading this article probably because I am an employee and the ideas discussed resonated well with me.