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CORPORATE SOLUTION 

 Are your employees financially distressed?

Research has shown that many employees are now taking the opportunity of low interest rates to try and pay off as much of their debts as possible. Further interest rate cuts and income tax relief would relatively ease the severity of problem of financial distress. An employee with personal financial problems very often is living from paycheck by paycheck, with numerous micro loans and accounts in arrears.

Effects of debt burden on employees

Employees burdened by personal financial problem;

  • spend time at their place of work worrying about personal finances and dealing with financial issues instead of working.
  • these range from taking calls from creditors, lenders, paying personal bills,
  • talking to co-workers about their financial problems and absenteeism at work etc.

Benefits of corporate debt counselling

The benefit of offering such programs is showing employees that the organisation does care about their staff which improves morale.

The motivational factor making organisations look at the issue of employee debt is the problem of stress that individuals are facing resulting in low morale and productivity.

Ways of helping employees

Organisations can make it a lifetime responsibility to protect themselves as well as their employees against this problem by:

  • investing in programs to help minimize employee debt which include providing easy and quality workplace financial education,
  • allocating 1 hour of working time per month for employees to manage their finances etc.

Organisations need to take steps to curb the severity of the personal debt problem and its consequences.

Noko finacial services offers budgeting and debt counseling services for corporate employees. If you are an employer and you feel that your employees may benefit from these programs call us today on 011 285 0909.

 

debt counsellors in randburg

Pretoria  

 

Physical address: no 296 Schoeman street, Prime Towers, office 211

2nd floor, Pretoria Cetral, 0001       

Phone: 087 808 9804

Fax: 086 639 5364       

Cell: 071 236 9988

email: nte@nokofin.co.za

 

 

Johannesburg

 

Physical address :

no 87 commissioner street           

central Johannesburg 2000,

3rd floor

Phone: 087 808 9778

Cell 072 977 1236

Email: nte@nokofin.co.za