How employers measure ROI on financial education
Financial stress can have a serious impact on the workplace: employees distracted by money worries hold the risk of being less productive and effective in their day-to-day roles.
Investing in financial education can, therefore, be a proactive way of supporting employee wellbeing. But how can organisations ensure that their programme generates a return on investment (ROI) for the business?
Darren Laverty shares his thoughts on how in an article featured on Employee Benefits website.
Employers could also use data from other sources to assess the impact of a financial education programme, says Darren Laverty, partner at Secondsight. This can include absenteeism, staff turnover, recruitment costs and productivity data. “The first thing [employers] want to be looking at is absenteeism and the reasons for absenteeism,” says Laverty. “Sometimes that’s mental health because people are stressed. Those things [employers] can measure because [they] have the data.”
Read the rest of the article here.