Helping employees with budget shocks.

shutterstock_578775499 - large web

HR Grapevine, asks Jonathan Watts-Lay, Director, WEALTH at work about the steps employers could take to help their staff cope with the increased cost of rail tickets. He responds; “Many people don’t have an alternative to taking the train, so it is an emotive issue. But they can also experience budget shocks in other areas such as council tax, bills or their mortgage.”

He suggests that employers offer money managing workshops to help employees cope with such events. “We’ve been asked a lot more about budgeting and money management. As an employer, you can help your staff to see areas that they could save money in – for example, by shopping around you can usually save money on your car insurance or utility bills.”

“While employers can help, at the end of the day it is up to the employee themselves to make the necessary changes,” he adds.

To read the full article in HR Director, please click here.

The latest news is brought to you by WEALTH at work, a leading financial wellbeing and retirement specialist. WEALTH at work and my wealth are trading names of Wealth at Work Limited which is a member of the Wealth at Work group of companies.

Links to websites external to those of Wealth at Work Limited (also referred to here as 'we', 'us', 'our' 'ours') will usually contain some content that is not written by us and over which we have no authority and which we do not endorse. Any hyperlinks or references to third party websites are provided for your convenience only. Therefore please be aware that we do not accept responsibility for the content of any third party site(s) except content that is specifically attributed to us or our employees and where we are the authors of such content. Further, we accept no responsibility for any malicious codes (or their consequences) of external sites. Nor do we endorse any organisation or publication to which we link and make no representations about them.