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Blog: Investing in the future: Empowering your staff with financial know-how

October 17, 2023

By Lindsey Reed, TISA Trainer

In today’s rapidly changing business landscape, nurturing a talented and motivated workforce is vital for organisations to succeed. As well as equipping your employees with technical skills, it’s equally essential to empower them with knowledge that extends beyond the workplace. That’s why we’re thrilled to introduce our Money Management Training Programme, tailor-made for your staff, particularly those at the start of their financial journey.

The Importance of Financial Education

The transition from academic life to the professional world is exciting but can also be daunting, especially when it comes to managing personal finances. The burden of financial stress can take a toll on job performance, job satisfaction, and employee retention.

Research from MaPs shows that a third of UK adults have little to no savings, with the majority avoiding discussing their finances, primarily due to fear of judgment and shame.

As Carol Knight, CEO at TISA, rightly points out:

“To change, it will require intervention from the Government to alter education policy. However, employers must take on a share of the burden by assisting their staff through training programmes to build up the financial education of their employees. This is especially relevant to the gaps in knowledge on pensions within the workplace.”

Creating confidence in personal finance

At times, even those of us in the financial sector can find ourselves becoming experts in certain areas but not others, and this not only causes organisational silos but also embarrassment. For instance, we might excel in areas like ISAs but feel ashamed about our limited knowledge of pensions. I can personally relate to this feeling from when I first entered the industry decades ago.

Now, imagine a workforce that is not only proficient in their roles but also financially confident, aware of the bigger picture and liberated from the burdens of financial stress. With our Money Management Training Programme, you can transform this vision into reality.

The journey of financial mastery

Our one-day programme takes delegates on a comprehensive journey through the lifecycle of financial decision-making. This empowers them to understand how their choices impact their financial future, from start to finish.

We incorporate interactive elements such as hands-on exercises, group discussions, and real-life scenarios, ensuring that participants are actively engaged in the learning process. For instance, during a break, one young man took immediate action by transferring money into a savings pot to establish an emergency budget fund—a critical step in today’s uncertain economic climate.

Recognising that everyone has unique financial goals, our programme equips them not only with practical know-how but also with the psychological resilience and mindset needed to achieve both short-term and long-term objectives.

For organisations with their own Graduate or Apprenticeship schemes, our programme serves as a valuable addition to their offerings. We also provide a ‘train the trainer’ option, allowing companies to independently deliver the course, giving a flexible, scalable, and cost-effective solution tailored to the organisation’s culture.

Join us on this empowering journey

Providing financial education isn’t just an added perk; it’s an investment in your workforce’s overall well-being and success.

Following each course, we’ve observed a noticeable shift in delegates’ attitudes towards finance, and witnessing this transformation is truly inspiring. There was an excitement of realising that they have the power to take control of their money, develop healthy financial habits, and maintain the right attitude towards wealth. This newfound financial liberation helps prevent individuals from falling into debt traps and becoming victims of fraud.

If you’re curious about how our programme can meet your organisation’s specific needs, please reach out to us today. Together, we can invest in a brighter future for your employees and your company.

Useful links

TISA’s Money Management homepage: https://www.tisa.uk.com/money-management/