EMPLOYEE FINANCIAL WELLNESS
Practical | Applicable | Result-Oriented
With the new normal, businesses are challenged at every level. A company needs quality employees to work its resources for profitability. Are your employees financially distressed too? Even the best employee can be affected by financial constraints, affecting their productivity, presenteeism and sometimes, financial fidelity at work. A BFM and FPAM collaboration.
WHY CHOOSE US?
The BFM-FPAM Employee Financial Wellness Workshops (EFW) is designed to:
HELP EMPLOYEES MASTER THEIR OWN FINANCES TO ACHIEVE THEIR LIFE GOALS
BUILD THEIR FINANCIAL RESILIENCE AND STABILITY
Benefits to employers:
MAINTAIN / GROW THEIR PRODUCTIVITY
Findings suggest that lack of sleep, financial concerns and giving unpaid care to family members or relatives are negatively associated with productivity. Mental-health problems are also found to cause significant productivity loss, especially in the form of presenteeism. In line with existing research we also find that employees with musculoskeletal and other (chronic) health conditions report higher rates of absenteeism and presenteeism than workers without such conditions.
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HEALTHIER EMPLOYEES
It is clear from this research that the workshop participants highly valued the financial education they received, and they personally attributed positive changes in their financial behaviors to their workshop attendance. This research has demonstrated relationships between financial wellness and two important variables: worker health and bosses’ performance ratings.
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IMPROVE PRESENTEEISM
The researchers examined how financial stress was associated with absenteeism of credit counseling clients. Data were collected by a national non-profit credit counseling organization, from consumers who telephoned seeking assistance in debt management. The results indicate credit counseling clients’ financial stress affects their absenteeism at work. Clients with high levels of financial stress are more likely to experience higher levels of absenteeism; thus spending work hours handling personal finances, which decreases the time they are at work. The results suggest some insight into providing financial education and assistance for employees with financial strains as productivity loss might influence their pay.
Read MoreAfter the workshop, your employees will have access to SmartFinance.my to enable them to refer and refresh what they have learnt. Those who successfully complete the planned modules will be awarded a Certificate of Achievement.
The organization will save Human Resource cost and may achieve better profitability through increased productivity.
IN COLLABORATION WITH
BFM is Malaysia's only independent radio station, focused on business news and current affairs.
BFM's purpose is to build a better Malaysia by championing rational, evidence-based discourse as a key element of good policy decisions.
BFM applies its discourse-based approach to other programming areas such as entrepreneurship, health, fashion, the arts, sports and music, as well as to its executive education initiative, B School to advance Malaysia through education and entrepreneurship.
BFM can be heard on frequency 89.9 MHz in Wilayah Persekutuan Kuala Lumpur, Selangor, and parts of Negeri Sembilan and Melaka.