This type of tool is always relevant in the companies and convergence of this mode in differentiating elements that favor the attraction and retention of talent.
According to the results of the 2020 World Pension Index compiled by Mercer and the CFA Institute, Argentina finds itself in the ancient position in current affairs. It is clear that the need to look for strategies and invest in the financial future of its labor force.
Employees may not defer to the jubilee -you wish to defer- if they are not financially prepared for their day and day. If employers want their collaborators to be properly prepared for their anniversary, they should first concentrate on helping to improve their financial situation.
What does the Bienestar Financiero involve?
Many employers equip financial education with the Bienestar financiero; This, however, is known as financial support is not provided in the mayor’s compromise of employees or a high participation in financial programs.
The financial Bienestar implies an integral process, it learns to manage with money the money. Have the idea of having financial objectives and a plan to consult, have financial confidence to house a more productive, compromised and salutary life for its employees as well as for its entourage.
What are the pillars that have the notion of well-being:
- Beheer sobre finansas cotidianas
- Ability to absorb a shock financier
- Make real progress in median and large space objectives
- Financial freedom to take decisions that allow you to enjoy life
The people who need it first have control over their financial diaries before they can calculate what to pay. Required this control will be prepared to work on the improvisers and supervise a possible “shock financiero ”. Once you have established and maintained presuppositions, there will be lists to plan as many objects as the median plaza- as a traveler- as lenses plazo tales as at the retreat. ‘This sequence is of great importance, as it allows you to increase your financial freedom”, Expressed by Clara Estevarena, Director of Merchant Wealth.
The impact of the labor force
With the goal of understanding how it will impact the financial well-being, not only in the compromise and productivity of the collaborators, but also in the physical and mental health of the people, Mercer studied and analyzed the labor force of the companies. Evidence results:
- Significant differences in perception between men and women: men perceive more financially than women. The women have less confidence in their ability to make financial decisions, which makes them more difficult to follow the necessary steps to gain financial freedom.
- Currently, employees are destined to spend 20 hours of their working time on their financial situation. These results are the product of the surveys conducted in Canada, which should be considered in a country such as Argentina, with political and economic cohesion in which our country is affected, these results represent a mayor’s stress for employees and for will incur an increase in working hours destined to preoccupy their financial situation.
- The success of the financial benefit programs proportioned by the employer, mediated through compromise and participation, are correlated with the confidence of an employee in his employer. In fact, 79% of surveyed employees indicate that they are employed by “solid and independent consultants on planning, planning and investment”.
- Employees of 50 years or more, in their majority, do not have a stopover strategy for their retirement, which means that the same retirees will be able to access the event well.
- There is a correlation between financial and physical health: the more stressed there are the more likely employees to be involved in their work, the more likely they are to suffer health problems.
- The lack of control does not correlate with literacy: the highest paid employees are generally considered much more literate financially than those who earn less. Asimismo, suele ocurrir que cuanto más gana la gente, burgemeester es su nivel de vida y los costs necesarios para mantenerlo, por lo que a medida que aumentan sus ingresos, aumentan sus difikultades para pagar los guests recurrentes, reducir su deuda y ahorra para la jubilation. Sample of it is that, 9% of the main readers manifest the need to pay money earned to read at the end of the month, is in comparison with only 3% of the office and production staff.
The results and results that Mercer revealed that it is very likely that those employed with a low level of financial gain do not pay attention to the characteristics and benefits provided by their employers. ‘It is inevitable that, in short, the value proposition offered by companies will diminish its attractiveness and reduce the price of retaining and attracting talent.”, Expressed by Clara Estevarena, Director of Merchant Wealth.
How will the companies react?
These hallazgos have significant implications for employers. Tras advertises that the mediums of livelihood are all the more relevant in the companies and convergence of this mode in differentiating elements that favor the attraction and retention of talent, the leadership organizations are recognizing the importance of the importance of understanding and improving the requires the active participation of the human resources sector with the end of tener success.
The most exhaustive programs need to adopt a broad, multigenerational, multicultural and evolving approach. As a first initiative, the Level of Financial Biennial should be seen as meeting its behavioral detector mode collaborators with the perception of respect for its finances, the form in which it is listening, where it is inviting to its money and where it is looking east. It will be necessary to advance on the design and implementation of a salutary habit strategy.
In fact, advanced organizations are aware that technology is an integral part of our diary and as a whole, it has the potential to bring a personalized experience to its employees.
Invest in Bienestar
Discuss or ignore the impact of Bienestar Financiero on employees can have negative consequences for an organization. ‘Labor hours dedicated to financial preoccupations, increase of stress, aggravated mental and physical health, mayor ausentismo, lack of compromise or prolongation of the oath of allegiance, between others, can be avoided if they take up conscience and invest in their health cooperation. Are there companies prepared for it? “, conclusion Estevarena.