What role does introducing financial literacy into HR practices have? 

As new professionals emerge to enter the workforce in today’s fast-paced world, financial literacy is becoming increasingly critical, and the skill to manage one’s personal finances has become a complex process that requires knowledge and expertise. Yet, the reality is a large number of working people do struggle in this area citing this lack of knowledge and skills. This leads the individual to developing a mindset of living paycheck to paycheck with having no security or guarantees regarding their financial futures. Needless to say, the stress that can result from such uncertainties can be debilitating to a person’s mental and physical wellbeing.      

HR professionals can definitely play a role in minimizing the risks aforementioned. By working to educate its staff members in financial literacy, they can magnify their chance for success in this area. Providing employees with financial literacy as part of employee care programs is the answer. This not only benefits employees in managing their money but also has a positive impact on their overall well-being, job satisfaction, and productivity, which in turn adds value to the organization by building loyalty among employees. Negotiated and signed 10+ service contracts with overseas schools and education agencies. Developed Key Performance Index systems to measure performance and boost efficiency; Resulted in a reduction of the school’s operating costs by 15%.