Are Your Financially Challenged Employees Hurting Your Bottom Line?

Many employees lack personal financial management skills therefore take decisions and engage in behavior that prevents them from providing for their families as well as they could have. It often leads to acute financial distress. Employees facing financial difficulties cost their employers in several ways.

1) Directly: Absenteesm, tardiness, accidents, demands for loans and pay increases and outright theft of employer time and resources.

2) Indirectly: Low morale, increased stress, increased abuse of alcohol, lack of focus while on duty, moonlighting, loss of qualified employees through termination or in search of greener pastures, the list is endless.

The Solution

Our effective personal finance education and support program improves the financial behavior of employees and reduces the likelihood of financial difficulties and the resulting negative effects on the employers bottom line. It also improves morale and helps attract and retain good employees. Our financial training program is proven to change employee behavior and help them improve their circumstances while at the same time pay dividends for the employer. It comprises of two parts;

1) Seminar Training

We conduct a one day seminar that explains the basics of personal financial management in a relaxed and interactive atmosphere.This popular seminar is taught in easy to understand everyday language devoid of financial jargon.

2) Employee Financial Planning Consultation

Employees who have participated in our personal financial management training seminar have a heightened awareness about financial issues and are motivated to improve their circumstances. However, many still have difficulties in implementing the concepts learnt and remain easy prey for salespeople and their sometimes questionable sales tactics and tricks. We help such people develop and implement personalized financial plans.

We do this by first doing a thorough analysis of the individual's financial circumstances, clarifying personal goals, risk profile then developing and presenting a written financial plan to them. We also assist in implementing recommendations where necessary. For employees with debt problems, we guide them on the most effective strategies to eliminate those debts. We remain at their disposal throughout the year for any financial advice they may need, whether their problem is debt overload, savings, investments, insurance or even when they simply want to get a professional and unbiased opinion about a product they have been offered, a reassuring resource.

The employer facilitates this, at no cost to themselves, by making it easier and more affordable for their employees to access this service. We offer to provide financial planning services to your employees at a discounted rate to be paid in twelve monthly instalments by salary check-off. This is a no cost, high impact employee benefit which will undoubtedly improve their lives.

Our Corporate Clients

Our corporate clients include the major blue chip companies in East Africa. Among them are: Kenya Breweries, Bamburi Cement, Safaricom, Citibank, Unilever, NIC Bank, James Finlay, Mobil Oil, PriceWaterhouseCoopers. Contact us for further details.