Five short years ago, personal financial management training for employees was not even on the menu of most human resource professionals. Over time however, it has become clear that providing financial management skills to employees is not only beneficial for them, but also for the employer’s bottom line. It is also gradually being recognized that at a time when expensive employee benefits are being cut, financial education is a low cost, high impact benefit.

People spend a huge portion of their lives and resources getting education that will enable them secure employment and become an asset to their employer thereby earn a comfortable living. However, it is ironic that none of that time spent acquiring these productive skills is spent on learning how to manage the earnings generated. The unfortunate result of this oversight is that many people earn a good income yet often find themselves in a financial bind. Over seventy eight percent of the working population is afflicted by one or more of the following; lack of money to take care of financial emergencies, inability to provide a quality education for offspring, inability to provide quality healthcare for the family, heavy and growing debt load, inability to purchase a home and ultimately, abject poverty in retirement.

These are the personal problems employees face every day. Unfortunately, employers cannot afford to remain aloof and detached as employees struggle to solve them because they affect the employer’s bottom line every day. Finances are a high priority issue in most people’s lives, one which causes more stress, hence low productivity than most others. An employee who is facing an emergency but lacks the money to solve it can hardly be expected to be focused and productive at work. Nor can one who is being hounded by creditors or has been evicted, or one whose child has been sent home from school for lack of school fees. Such employees will spend a lot of their employer’s time, and resources (telephones, vehicles etc) trying to sort out their issues. They may feign illness to get time off from work and even if they do not, many will be there physically but distracted and unproductive.

There is a high correlation between financial distress and family instability and the household problems of unstable families may spill over into the workplace. Many HR professionals find themselves spending time on issues which have to do with employees’ financial and family affairs, time which could have been spent more productively.


Give your employees a solution to their financial distress by providing the Personal Financial Navigation course by Sequor Consulting Our programmes are effective and adaptable to suit your employee needs.


Don’t miss out on this valuable training for your staff, the benefit to your bottom line will be immeasurable!