Help your employees help themselves

Is there more that you can be doing as an employer to help your employees save towards their future financial security?

1. Putting money away for a rainy day provides security for when times get tough. Many South Africans contribute to Stokvels which are not regulated and their contributions do not grow as they are not invested in the financial markets.
2. Many employees find allocating money to discretionary savings incredibly difficult after receiving their pay checks.
3. The employer can assist through a payroll savings scheme whereby a deduction is made for the employee prior to the salary being paid and is then invested (in the employee’s name) in an investment product.
4. Help generate financial security and wellness for your employees leading to a more prosperous workforce.