How critical is financial stress? In a recent study conducted by Financial Literacy Partners, LLC, in the United States back in 2009, they calculated that employee financial stress cost businesses US$15,000 per year per affected employee.
Have you ever considered if this is happening in your workplace? If it is happening, do not ignore this and let it become a cost to your organisation. Here are some quantifiable symptoms of Financial Stress:
Providing financial education in the workplace is the WISE thing to do to demonstrate to your employees that you are aware and care about their well being.
Recognise the need for financial education; Take positive steps towards implementing relevant programmes from trustworthy sources.
Overview:
As responsible employers, we need to take care of our Gen Y employees. According to statistics from Credit Bureau (Singapore), Singapore’s leading consumer credit bureau, the proportion of consumers aged 21-29 who are saddled with debt has increased compared to a year ago from 3.85% in July 2009 to 4.23% in July 2010, whereas the proportion of the overall population in debt has stayed constant at 4.95%.
With younger employees facing more financial stress, your organisation’s productivity could be affected. Do we wish to prevent financial embarrassment among our employees?
Overview:
What constitutes a happy retirement? In the recent HSBC 2011 Retirement Survey based on the views of 1,046 respondents from Singapore, The top 4 components are (1) not having to worry about money (75%), (2) keeping fit (74%), (3) having loving friends and family (73%) and (4) a good financial plan (68%). However, only 57% felt financially adequately prepared, leaving a gap of 36% who are not adequately prepared.
As a staff engagement strategy, employers can encourage their employees in their 40s to start planning for their retirement. Help your employees eliminate their financial stressors so that they can contribute more positively towards your organisation. Taking an interest in your staff to increase their financial well being would also build loyalty and commitment to your organisation.
Overview:
As Singaporeans live longer, we are all expected to have more years in retirement. While that means we would have more time for our retirement, it also means that we would have to build a larger retirement nest egg to support that.
What does this mean for staff nearing retirement? Do they know what it takes to retire? Do they know if they have enough for retirement? How will they decide if they should continue working if they do not?
Reward your senior staff by empowering them with the knowledge to take charge and plan for themselves towards a rewarding life in retirement.
Who Should Attend:
Anyone in their 20s – 30s age group
Overview:
As responsible employers, we need to take care of our Gen Y employees. According to statistics from Credit Bureau (Singapore), Singapore’s leading consumer credit bureau, the proportion of consumers aged 21-29 who are saddled with debt has increased compared to a year ago from 3.85% in July 2009 to 4.23% in July 2010, whereas the proportion of the overall population in debt has stayed constant at 4.95%.
With younger employees facing more financial stress, your organisation’s productivity could be affected. Do we wish to prevent financial embarrassment among our employees?
Learning Outcomes:
At the end of the workshop, participants will:
- Be motivated to plan, save and invest for themselves
- Know how to manage credit wisely and avoid financial embarrassment
- Know how to invest their money wisely
- Know how to fail proof their plan – risk management
Key Features
1. Discover how to be financially intelligent through our board game, Financial Quotient (FQ) .
2. Calculate your financial needs for a secure future through a modified CPF Retirement Calculator
3. Walk home with your Personal/Family Budget
4. Learn how to choose your Financial Advisor
Cost: S$535 (inclusive of GST) per pax
Venue: PCFE@Teo Hong 23B Teo Hong Road, Level 3 (subject to change)
Who Should Attend:
Anyone in their 40s – mid 50s age group
Overview:
What constitutes a happy retirement? In the recent HSBC 2011 Retirement Survey based on the views of 1,046 respondents from Singapore, The top 4 components are (1) not having to worry about money (75%), (2) keeping fit (74%), (3) having loving friends and family (73%) and (4) a good financial plan (68%). However, only 57% felt financially adequately prepared, leaving a gap of 36% who are not adequately prepared.
As a staff engagement strategy, employers can encourage their employees in their 40s to start planning for their retirement. Help your employees eliminate their financial stressors so that they can contribute more positively towards your organisation. Taking an interest in your staff to increase their financial well being would also build loyalty and commitment to your organisation.
Learning Outcomes:
At the end of the workshop, participants will:
- Be motivated to plan, save and invest for themselves
- Know how much they require to retire comfortably
- Know how to invest their money wisely
- Know how to fail proof their plan – risk management
- Know how to leave behind a legacy
Cost: S$535 (inclusive of GST) per pax
Venue: PCFE@Teo Hong 23B Teo Hong Road, Level 3 (subject to change)
| 26, 27 March 2012 9am - 5pm |
Who Should Attend:
Anyone 55 years and above or within 5-8 years from statutory retirement age
Overview:
As Singaporeans live longer, we are all expected to have more years in retirement. While that means we would have more time for our retirement, it also means that we would have to build a larger retirement nest egg to support that.
To help Singaporeans build up sufficient financial resources for retirement and to also continue to tap on the valuable skills and experience of older employees, the government has passed the Retirement and Re-employment Act, which will take effect 1 January 2012. The Act will make it mandatory to re-employ qualifying workers who are 62 and also raise the retirement age to 65 years old.
What does this mean for staff nearing retirement? Do they know what it takes to retire? Do they know if they have enough for retirement? How will they decide if they should continue working if they do not?
Reward your senior staff by empowering them with the knowledge to take charge and plan for themselves towards a rewarding life in retirement.
Learning Outcomes:
At the end of the workshop, participants will:
a. Understand what it takes to truly retire and call it your golden years – health, wealth and purpose in life
b. Basic understanding of your financial needs for retirement
c. Manage your cash flow to optimise your remaining working years
d. Learn how you should be investing at this stage of life
Cost: S$310.30 per pax (inclusive of GST). Early-bird promotion: contact us for more details
Venue: PCFE@Teo Hong 23B Teo Hong Road, Level 3 (subject to change)
| 11 May 2012 9am - 5pm |
