Financial education works

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Financial education works

  1. 1. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Financial Education at the workplace works
  2. 2. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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. 3. www.finerva.com | support@finerva.com | +91-9787-11-11-66
  4. 4. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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.
  5. 5. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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.
  6. 6. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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
  7. 7. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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.
  8. 8. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Positive Effects of medicine – Upside & Downside Improves Productivity Improves Retention Higher Employee Morale Lesser employee stress Reduces Attrition Reduces HR & Admin costs
  9. 9. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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
  10. 10. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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
  11. 11. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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 FUNANCE
  12. 12. www.finerva.com | support@finerva.com | +91-9787-11-11-66 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
  13. 13. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Key ingredients of Educational Sessions Case studies Games Activities Presentations Interaction  Understanding  Energy & Fun  Experience  Knowledge  Personal clarification
  14. 14. www.finerva.com | support@finerva.com | +91-9787-11-11-66 Results of Such Quality Financial Education For Employees: Reduces Financial Stress Improved relationships. Better Savings For Employers: Improved productivity Lower attrition Improved bottom-line
  15. 15. www.finerva.com | support@finerva.com | +91-9787-11-11-66 What are you waiting for? • Call now to ask for a presentation on how our team can – IMPROVE YOUR BOTTOMLINE –INCREASE EMPLOYEE RETENTION
  16. 16. www.finerva.com | support@finerva.com | +91-9787-11-11-66

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