People today and busy and appreciate clear communications that will not impede on their daily routine. So if you have to communicate with them about their salary or other financial matters, make sure you use clear, concise language and contact them in the way that suits them best, whether that is by email, phone call, letter or social media. Find out in advance how your employees like to be communicated with and adhere to their preferences so that a useful conversation can take place and any problems can be sorted out quickly.
Training and advice
Most people come across financial situations in their lives that require some extra support or advice, whether that is regarding their work and salary or their personal finances. Can you offer your team some financial training to help them organise their money more easily and for a better financial return? Or provide access to a healthcare accountant to help them sort out their self-assessment tax return? How about a financial counselling hotline for anyone concerned about their money who would like to seek therapy or advice? Maybe you could host a financial roadshow or ‘surgery’ for your employees once a quarter.
Advanced IT technology and software can offer employees all kinds of financial benefits, from online training courses to internet banking and budgeting programmes. Many companies run online for a for their employees to discuss matters that are important to them online with their peers. Or for the organisation’s financial team to run question and answer sessions to help clear up any outstanding matters around salary, payroll etc. Blogs and interactive online tools can add insight into financial matters in a lighter way and are easy to set up and run online.
When someone has an oppressing concern on their mind, they are likely to be distracted and less productive at work, as well as unhappy and anxious. Offering help in harder times, such as loan or debt consolidation schemes could lift a heavy weight from their shoulders. Other schemes could include a Christmas savings plan, public transport season ticket loan or access to discounted insurance policies and private healthcare. Think about what would benefit your employees the most and then weigh up how their mental health might improve, raising productivity and satisfaction at work.