The signs that show financial worries are denting your workforce
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Many South African employees, across industries and income bands, are struggling financially. But just how much, and from an employer’s perspective, how much does it affect their work?
In this episode of Big Business Insights, host Blessing Utete is joined by Dr. Frank Magwegwe to discuss the important subject of employee financial wellness. Dr Magwegwe, popularly knowns as Dr Mags, is a personal finance and employee financial wellness expert, a financial planning researcher, life planner, educator, and an academic, and passionate about this South African dilemma.
Join Dr. Mags and Blessing as they discuss:
The state of the SA workforce’s financesHow HR managers and business leaders can spot the signs of financial distressWhat you as a decision-maker can do to help your employees learn the right financial behaviours to become financially healthy.
Listen now.
In this episode of Big Business Insights, host Blessing Utete is joined by Dr. Frank Magwegwe to discuss the important subject of employee financial wellness. Dr Magwegwe, popularly knowns as Dr Mags, is a personal finance and employee financial wellness expert, a financial planning researcher, life planner, educator, and an academic, and passionate about this South African dilemma.
Join Dr. Mags and Blessing as they discuss:
The state of the SA workforce’s financesHow HR managers and business leaders can spot the signs of financial distressWhat you as a decision-maker can do to help your employees learn the right financial behaviours to become financially healthy.
Listen now.
Chapters
- 00:03 Introduction
- 00:59 Frank Magwegwe gives us a sense of where we are as a country at the moment
- 02:47 From an employer's perspective, what should you be worried about with financial wellness?
- 05:11 The three metrics an employer should be looking at
- 07:51 The challenge of the stigma around financial wellness
- 09:18 The impact of mental health issues that come with a lack of financial wellness
- 12:10 Making the right choices around saving for employees
- 17:26 The role of education in saving for retirement
- 18:37 What are the components of a proper financial wellness education program?
- 20:46 Closing
