Why HR / Employer seek Financial Awareness sessions, NOW,
for employee’s?
What is at the top of Mind of an employee at this point of
time, which also in a way is top at every employeer’s mind as well?
Well two TOP MOST upcomming events-
EMPLOYEE RE-VIEW ( INCLUDING PAY ) ( how to enhance employee engagement ?)
TAX - DECLARATION’s PLANNING in advance for the year? ( WITH AWARENESS) ( as pay scales are also reviewed/declared) ( would that be great ?)
( this directly leads to more employee concentration and highten's productivity )
( this directly leads to more employee concentration and highten's productivity )
I don’t know, if you noticed, but both are in red bold, because
if it is taken in right sense, and put-forth correctly, handled rightly, it’s most enjoyable part of life.
After the year 2014-2015 is finally done with and all Employee's have just intime finished their declaration submission, it's that time of the year when they are in total touch of their net Income, Net expenses and Net Taxes paid and these sometimes leads to uncerainity and depression, if not handled properly and so less productivity. ( Reason being sometimes most people realise that their expenses are more then their desired income and hence their borrowing is more i.e. life not self-financed. ( this is time when generally companies are also thinking of employees pay packet revision )
This is also time when employee's are planning or have already planned their Vacations due to Summer Holidays, so yet more expenses.
If this feelings and time, if taken and guided in the right sense can lead to best results from and for them as well as the company
This is also time when employee's are planning or have already planned their Vacations due to Summer Holidays, so yet more expenses.
If this feelings and time, if taken and guided in the right sense can lead to best results from and for them as well as the company
After the tax and expense season the individual comes to practical terms and feels the real ground
level pressure. ( Do you as an HR / Employer/ individual, want to feel and be
under pressure ?)
RESULT-
-
Depression
-
Less productivity
-
Some may avoid enjoyment ( also
depressing) to not do extra expenses, so absenteeism
-
Non-involvement, pre and/or post season
-
Teamwork going down
-
Only few participate actively, so groupism
-
Borrowing money from colleagues, which creates unpleasant
work environment
-
Resulting into Health issues
- Individual budgets go for toss and non-planned expenses shoot up
- At the end of the year, Tax filling issues, non clarity on Tax implication ans tax laws
- All this leads to Higher Employee Attrition
- At the end of the year, Tax filling issues, non clarity on Tax implication ans tax laws
- All this leads to Higher Employee Attrition
TAX FILLING- DECLARATION’s
RESULT-
-
People
paying more taxes then actual, and some inhaste give wrong declarations, so has
to apply for refund ( which is an extra activity by itself)
-
less
productivity
-
People
having cash crunch
-
People
having not good sleep
-
Absenteeism
to handle personal finance matters
-
Lot
of people fall prey for hand loan or credit card loan in these phase and few
also fall into debt trap
-
Attrition-
people moving to another company for small increase
-
Resulting
into health issues, for self and/or family members
Well, which Employee, Employer and/or HR would not like to enjoy this summer vacation season to it’s fullest ?
More and more people are taking interest in physical, emotional and
financial health- ARE YOU ?
It’s that time of the year where-
-
Involvement in Company activities can be
increased
-
Person is always present at each and every part
of company activity
-
Inter-personal engagement’s happen the most
-
Employer-Employee and all concerned departments
and authorities are extremely involved in.
-
Where an individual can actually increase cash
flows ( relatively) year-on-year
-
Attrition can be reduced
-
Productivity can be upscaled
-
Overall well-being is maintained
-
Working environment can be upscaled and/or
maintained
All the above can happen for longterm only through unbiased,
thruthful, loyal, trustworthy FINANCIAL WELLNESS – awareness session at your
company by dedicated Lifestyle Financial Consultant.
I am going to LEH-LADAKH Summer Vacation tour at peace of mind.... ARE YOU AND YOUR EMPLOYEE AT PEACE OF MIND ?
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