Financial Literacy

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How financial education can help improve profits for corporates

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Financial Literacy

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

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