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Financial Literacy

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How financial education can help improve profits for corporates

How financial education can help improve profits for corporates

Published in: Economy & Finance
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  • 1. Financial Education at the workplace works
  • 2. Financial Literacy defined:
    • Wikipedia defines it as “ Financial literacy is the ability to understand finance sufficiently to make appropriate decisions regarding one's personal finances”
    • Indian School of Microfinance for women defines it as “Awareness, knowledge and skills to make decisions about savings, investments, borrowings and expenditure in an informed manner”
  • 3. Why Financial Literacy at workplace is VITAL?
    • Financially diseased employees are lagging behind in arriving at decisions both for themselves and for the organization where they work.
    • Unfocused towards the work they are involved in.
    • Insecure about their future.
    • Passive in doing their work thereby leading to low productivity level, attrition and personnel stress.
  • 4. Reasons why they get diseased?
    • Illiterate in managing personal finance.
    • Mismanagement of their credit cards.
    • Loan problems.
    • External inputs from sellers of financial products or misguidance from peers.
  • 5. How does it affect the Organization?
    • Higher attrition level
      • Employees switch jobs for small hikes elsewhere.
    • Absenteeism
      • Employees take leave to handle personal issues
    • Low Productivity
      • Creative energy spent on thinking about financial worries
    • Lesser concentration in the work place.
      • Not able to focus on tasks as the mind is under stress
  • 6. Solution- Simple medicines for curing it….
    • Providing employees with a comprehensive Financial Education Program at the Workplace.
    • Enable Employees achieve holistic growth in terms of managing their finance by giving them access to quality financial education at the workplace.
    • Providing access to neutral and unbiased professional counseling to financial distressed employees.
  • 7. Positive Effects of medicine – Upside & Downside
    • Improves Productivity
    • Improves Retention
    • Higher Employee Morale
    • Lesser employee stress
    • Reduces Attrition
    • Reduces HR & Admin costs
  • 8. Other Positive Outcomes
    • Financial Wellness
    • Personal savings satisfaction
    • Retirement savings satisfaction
    • Better physical and mental health
    • Positive performance
    • Improvement in financial solution
    • Confidence about leading better life
  • 9. The Doctors - FINERVA
    • India’s First financial education company providing Professional, Unbiased and Simplified financial education at the workplace. Main focus being salaried professionals
    • Focus areas of Financial Education being:
      • Basic Personal Finance Management
      • Debt management and repair
      • Financial Planning concepts
  • 10. Core Values
    • Finerva delivers its Financial Education Solution strictly adhering to our core values
      • Simplify personal finance concepts
      • Provide an Experiential Learning platform
      • Thoroughly professional, Unbiased and Transparent
      • Above all make Finance seem
      • FUN ANCE
  • 11. Delivery mechanism
    • We deliver our Financial Education Solutions through the following medium
      • Facilitators led Workshops at Workplace or off campus
      • Instructor led training sessions
      • E-learning modules
  • 12. Key ingredients of Educational Sessions
    • Case studies
    • Games
    • Activities
    • Presentations
    • Interaction
    • Understanding
    • Energy & Fun
    • Experience
    • Knowledge
    • Personal clarification
  • 13. Results of Such Quality Financial Education
    • For Employees:
    • Reduces Financial Stress
    • Improved relationships.
    • Better Savings
    • For Employers:
      • Improved productivity
      • Lower attrition
      • Improved bottom-line
  • 14. What are you waiting for?
    • Call now to ask for a presentation on how our team can
      • IMPROVE YOUR BOTTOMLINE
      • INCREASE EMPLOYEE RETENTION
  • 15. Finerva Financial Solutions Private Limited
    • Finerva House, # 176, Second Street Gandhipuram
    • Coimbatore 12, Tamil Nadu, India
    • +91 650 5344 | +91 435 6655
    • +91 97875 55544 | +91 98435 91919
    • SMS +91 90470 91910
    • Email: [email_address] | [email_address]
    • Locations: Chennai | Bangalore
    Registered Office: 176 | Second Street | Gandipuram | Coimbatore 12 | TN | India

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