Debt Awareness Week falls at the end of March, breaking the stigma surrounding financial struggles. It’s a great opportunity to engage and empower your colleagues through financial education conversations – so they can save, spend and invest wisely.
Discussing personal finances in the workplace can feel sensitive, but having these essential conversations can support your colleagues in reducing stress and anxiety while fostering healthier relationships with money.
Money matters
Here are some quick reads to inspire your financial education communications:
- Start a new initiative. Employers play a crucial role in supporting their employees’ financial wellbeing, which not only benefits their personal lives, but also contributes to a more engaged, productive and loyal workforce. Why not offer access to a financial advisor for a period, or free financial health assessments throughout the year? These services could be exactly what your colleagues need to kick-start their savings in 2025.
- Consider the cost-of-living. In 2024, a third of adults found it difficult to afford their rent or mortgage payments and 4 in 10 adults struggled to keep up with their energy bills. So, it’s no surprise that now more than ever employees need rewards and benefits that speak to them and their personal circumstances. Get their feedback to help you make informed decisions. Do they need more inclusive health insurance or more discounts on services and products? It’s crucial to have an open line of communication between the business and employees during this ongoing cost-of-living crisis.
- Encourage good habits. Workplace financial literacy continues to be a big trend this year. Actively support your colleagues’ learning with resources on investing, budgeting, share plans, retirement planning and debt management to help them build good money habits. If you offer a share plan, think about a communications strategy that could introduce new and existing employees to it. Educate them on the benefits of being a shareholder and help them share in the success of your company.
Found this useful? Check out some of our other financial education insights.
Get in touch if you’d like our help to elevate your financial education communications. We’d love to chat!
