financial education for employees

Why businesses should offer financial education

Research undertaken in 2014 by Secondsight found that 67% of the working population receive no financial education from their employers.

Only 20% of employees had a coherent financial plan and a third claimed to have only a vague idea about money management. Half of employers surveyed said that their staff had asked for help with financial education.

More recent research by the Open University has reinforced these findings with 81% of employees surveyed saying they would value workplace personal finance learning, but with only 7% reporting that they received this support from their employer.

Read the full article on Training Zone.