Financial Wellness Programs In South Africa

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.

Financial wellness programs in south africa.

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. 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. Our programs have a strong focus on tangible outcomes and return on investment roi to the sponsors. Interface have for the past 14 years developed into market leader in the employee financial solution market in south africa.

Employees are unprepared for an extended economic downturn or recession. 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. 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. Activexpress offers customized and tailored corporate wellness programs throughout south africa.

Motivation for the study. In the corporate space it is a leading provider of group life and disability benefits institutional investments risk services fund administration and derivative based structured solutions to institutions and retirement solutions. We help employees function at their best by using an approach that looks at their physical social emotional occupational financial and intellectual wellbeing. 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.

Despite the growing awareness of the importance of. The objective of this research is to describe employee wellness in south africa by investigating the types foci and perceived success of ewps. 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.