Financial education
Financial education helps employees to understand the value of benefits such as pensions and share schemes. Employers can help staff make wise decisions about money and investments through workplace workshops or seminars and information. Tools such as benefits modellers, meanwhile, can help staff to calculate the impact of decisions they make around particular perks, for example, when setting pension contribution levels or selecting which options to take in a flexible benefits scheme. Some companies include the added perk of personal debt management, which can help to reduce employees' stress levels and so indirectly contribute to improved performance.
Definitions of common financial education terms
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News
EXCLUSIVE: EB Summit: Veolia aims to educate all employees about saving
Financial education is needed throughout organisations, from low-paid workers right up to senior executives, according to Mike Sullivan, head of employee benefits and pensions at Veolia Environnement UK.
15 May CIPD/Benefex research: A third of employers to increase employee benefits spend in 2012
02 May EXCLUSIVE: Aviva research: 30% of respondents do not communicate pensions to staff
30 Apr EXCLUSIVE: Esop and MAS team up to educate employees
02 Apr EXCLUSIVE: EB Summit: Staff need 'reality check' on need to save
Analysis
Employee Benefits Workplace Savings Quarterly
The first in a new series of quarterly reports on developments in workplace savings
02 Apr Workplace Savings Viewpoint: Debt management
02 Apr Workplace Savings Viewpoint: An exciting journey
02 Apr Workplace Savings Viewpoint: Corporate platforms
02 Apr Workplace Savings: Joint effort required on savings
02 Apr Workplace Savings: Joined-up thinking needed for workplace savings
Case Studies
Case study: Lilly keen to educate staff
Auto-enrolment has motivated Lilly UK to improve its employee financial education programme in the last two years.
04 Apr Case study: Barbon boosts staff engagement through benefits
04 Apr Case study: BT transmits a model approach to financial education
07 Mar Thought leaders: Academic insights: Financial knowledge is an essential skill
Research
Workplace Savings News: Research shows 'Ticking time bomb' fear over auto-enrolment
Employers in the UK are unprepared for auto-enrolment and pensions are a "ticking time bomb" in their organisations, say HR and payroll providers.
15 May CIPD/Benefex research: A third of employers to increase employee benefits spend in 2012
02 May EXCLUSIVE: Aviva research: 30% of respondents do not communicate pensions to staff
02 Apr Workplace Savings News: ONS research: Number of staff saving into a pension scheme hits new low
03 Aug Wealth at Work research: Employers to offer support during retirement changes
