Encouraging financial wellness through Workplace Banking

Employees' financial problems can spill over into the workplace, disrupting productivity, it is therefore important to promote employee Financial Wellness through Workplace Banking.

Owing to this, Standard Bank this year dedicated its time at the Mining Expo and Conference to informing the mining fraternity the importance of Workplace Banking. The expo took place on the 26 and 27 April 2017 at the Windhoek Showgrounds.

“Standard Bank through its Workplace Banking programme would like to encourage people to spend within their means and earnings especially when looking at the day to day expenses and how they can also leave a portion for saving as well, especially in this trying economic climate. Most of the times Namibians spend more than what they earn resulting in unnecessary debt and worry, so that is why it's important for them to also save for the future,” Standard Bank's Workplace Banking Manager, Cicelia Hagen-Cloete advised various companies at the Mining Expo and Conference. Curbing the negative impact of financial issues such a low morale, low performance and poor productivity, through financial education (Workplace Banking), companies can be rest assured that employees Value Proposition will be enhanced.

The spillage of financial woes into the workplace can lead to a loss of profits for the business. As such, basic financial education for employees is an essential investment for every business. Through Workplace Banking consultants can help employees reach their financial goals through a range of topics with the bank's consultants, topics such as financial planning, budgeting, saving through investments, will and estate planning, as well as day to day banking.

Hagen-Cloete stressed that financially empowered employees can take control of personal finances, allowing them to experience a strong sense of wellness and health, focus on their work and be more productive in the company.

“Our wide range of banking channels from mobile sales consultants and branches through to internet banking, means employees may interact with us at times that are most convenient to them,” she concluded.

For more information on Workplace Banking send an email to Namibia­[email protected], visit your nearest branch, Standard Bank website at www.standardbank.com.na or on the bank's Facebook page.