Why Support is Needed
Many employees struggle to understand various financial issues relating to them and the employee benefits you provide. They also do not fully utilise those benefits to improve their personal financial position.
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Improving financial awareness will empower employees to make better choices and to engage with benefits. This will lead to better motivation, productivity, loyalty and retention.
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How can we help?
A financial guidance service can be introduced as an additional benefit by the employer.
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In addition to regular benefit communications, it is a more personalised service for employees to support them more effectively with benefits and general financial guidance. This service can be bespoke to your requirements and those of your employees.
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​The most effective way to introduce this service is for the employer to ‘buy’ a number of 1-1 hours on a monthly/ quarterly/ half yearly/ annual basis. We then have a bank of hours to provide virtual 1-1 meetings on a pre-booked basis via our website.
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Normally an initial 45 min session will start to establish the person’s concerns, challenges or focus areas and will start giving them direction on how to go about addressing them. A 45-minute session can assist with the following:
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​Help them understand their main benefits better
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How those benefits affect personal finances
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Highlighting main concerns or current challenges on financial aspects
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Assist them to start creating an initial action plan
Follow on Work
If an employee wants further help and guidance following the initial call, they can engage ZLS directly for additional support. Areas in which I can help them includes:
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​Getting financial paperwork in order
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Get a better understanding of what they already have
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Budgeting & creating more disposable income
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Pensions – contributions, tax relief, allowances & getting on track
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Regular savings & investment principles
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Establishing some goals and a plan
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Help them become more confident to make financial decisions
Where we believe they require regulated advice rather than guidance, we may be able to introduce them to respected IFA firms we know.
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