Welcome to Napfinco
Why Financial Wellness @ Work
Finances are a major stressor
As per the PWC 2016 Employee Financial Wellness Survey, 52% of the employees are stressed about their finances. In a business environment that is increasingly challenging, demands on employees are ever increasing. Financial stress is a major distractor and adversely impacts employee morale and productivity
Employees need and want the support
Financial advice by Banks and other financial institutions is often driven by commissions and often with an unstated expectation for future business. That’s the reason that this is offered many times on a ‘no cost’ basis. Employees are aware of this and need advice and counselling that is totally unbiased which can be fully depended upon.
Improves Engagement and Builds Loyalty
The fact that the employer is concerned with the long term financial health and well-being of an employee, goes a long way in improving engagement and building loyalty. In the ever raging ‘war for talent’, a well-defined and comprehensive Financial Wellness program could prove to be a key differentiator.
Decreases distractions and increases productivity
Once employees have a robust plan to achieve financial wellness and are taking actions towards that objective, they become less stressed and more focused. Productivity goes up as financial stress has been dealt with and is no longer a ‘pricking needle’ that is constantly taking away attention from the task at hand.
One Size does Not Fit All
A well designed financial education program cannot be generic. It needs to incorporate the difference in age, income and culture. It has to focus on the specific needs of the learners and should not consist of a broad-brushed download of financial concepts.
Welcome to NAPFINCO Coaching
Personalised Financial Coaching helps individuals, couples and families develop financial skills and behaviours that can be improved upon independently, to achieve their financial objectives.