Financial Wellness Programs In South Africa

This article focuses on how south african organisations manage their employees wellness through their employee wellness programmes ewps.

Financial wellness programs in south africa.

Despite the growing awareness of the importance of. Founded in 1918 sanlam is one of south africa s most established insurance and financial services providers. Although various reports released during 2016 and 2017 have shown that south african households are under pressure the momentum unisa household financial wellness index 2016 published by momentum and the university of south africa unisa showed that on average the financial wellness among the population has improved over the past six years. Interface have for the past 14 years developed into market leader in the employee financial solution market in south africa.

We offer a complete and customised financial wellness programs to progressive companies that want to combine financial education with financial coaching to employees in order to empower and assist them with their. We help employees function at their best by using an approach that looks at their physical social emotional occupational financial and intellectual wellbeing. Many employees are already in a fragile financial state and unprepared for short term cash needs lacking the ability to absorb even a minor shock in fact more than one third of full time employed millennials gen xers and baby boomers have less than 1 000 saved to deal with unexpected expenses. Activexpress offers customized and tailored corporate wellness programs throughout south africa.

Financial wellness is a major issue in south africa a recent alexander forbes member watch survey shows that the average pensioner will be able to replace only 28 of his or her income once reaching retirement age. Our programs do not only cater for the unhealthy no matter how healthy or active one is our programs will help your employees keep motivated. Our programs have a strong focus on tangible outcomes and return on investment roi to the sponsors. Our financial wellness company seed of prosperity is a champion of holistic wellness in south africa with a strong focus on financial wellness for the past 10 years using global best practices data insights advanced technology and its vast experience across different sectors and demographics to build custom impactful and measurable wellness programs for both big and small companies who have.

The objective of this research is to describe employee wellness in south africa by investigating the types foci and perceived success of ewps. According to the report by the society for human resource management shrm financial advice benefit provision whether delivered online one on one or in a group or. Employees are unprepared for an extended economic downturn or recession.