On the part of the companies, the need of an hour is to make sure that employees manage their finances better, especially the millennials. Several companies have already started to offer such services that help out employees in the wellbeing of their financial needs. They are helping them in managing their finances better and also helping them to save emergency funds, which they often miss out.
These companies are taking the help of experts in asset and wealth management to guide their employees on investments that can save tax while helping them in securing their future. Recently, a study conducted by Wills Towers Watson named the India Health, and Wellbeing Study claimed that at least 63 percent of employers are working on strategies to improve the financial wellbeing of their employees.
Head, health, and benefits of Wills Towers Watson India Insurance Brokers, Sudesh Shetty stated that “Companies are realising that for more holistic well-being of employees, all four aspects — physical, emotional, financial and family well-being have to be addressed. The onus of financial well-being is not just to make employees — including millennials — financially literate but to prepare them for future financial resilience and reduce potential stress as a result of not being adequately prepared.”
While ample of firms offer employees’ financial management to the companies, Mercer is one such company that is serving a significant number of corporates across India in that direction. Mercer believes in providing a complete financial solution to the employees so that they can juggle easily over their financial worries and distractions and could focus on their work, which would result in enhancing productivity.
For more information, log on to https://www.mercer.co.in/what-we-do/wealth-and-investments/employee-financial-wellness.html