When employees are happy about their financial situation, chances are that they are more motivated and productive at work. This is because they can focus on the tasks at hand. If an employee is struggling due to their finances, often this is immediately seen in their overall daily performance.
One way to help improve your employees’ financial health is to teach them on how to save money fast.
Here are some ways to help them:
1. Educate employees on financial well-being
Help your team by raising awareness and highlighting the importance of savings and investments. Invite a financial adviser, a certified life coach, or an experienced resource speaker who can educate your people on how they can better manage their finances and find opportunities to further increase their savings. These speakers can help employees identify their financial goals for the future and actually provide a roadmap that they can follow.
2. Support their side hustles
Many employees have talents and great business ideas that can potentially become lucrative side hustles. Engage them and support their other passions by hosting workshops to help them become entrepreneurs. Contrary to belief, allowing employees to explore their other interests actually boosts their productivity and satisfaction in the workplace. These opportunities not only open up possible avenues for additional income, but also additional savings.
3. Partner with small business for discounts
How to save money fast? Consider partnering with small businesses to give your employees discounts, preferably those that cater to basic needs like groceries and clothes. Doing this does not only help your employees, you are also helping small businesses thrive.
3. Organize carpool among employees
How do employees go to your office or place of work? Are they commuting? Commuting may be the least expensive option, but it might cost your employees too much time and energy. If some of your employees are driving to work, why not organize carpool services for them? This way, they can collectively save money on fuel and enjoy a safe and means of transportation.
4. Offer flexible financial solutions
How to save money fast? Offer employees flexible financial solutions. For instance, allowing cash advance payments can take the weight of financial stress off their shoulders.
They can make use of the money to:
- Immediately better manage their current financial situation
- Start a side business to complement their incomes
- Invest
If your company wants a hassle-free cash advance system, they can partner with Advance PH.
How Advance PH Works
Partnering with Advance PH has numerous benefits. Your employees can borrow up to 30%* of their monthly salary and get it approved in as fast as two minutes. The loan can be deposited straight to the employee’s payroll account.
With Advance PH, your employees can also readily see the details of each loan in their individual dashboard, which they can access anytime and anywhere.
How to save money fast? One way to go is to give your employees access to money they need now with the help of Advance PH.
For more information, visit www.advance.ph or you may email inquiries to partner@advance.ph.
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